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The closing price of Blink Charging Co (NASDAQ: BLNK) was $1.76 for the day, up 4.14% from the previous closing price of $1.69. In other words, the price has increased by $4.14 from its previous closing price. On the day, 7.36 million shares were traded. BLNK stock price reached its highest trading level at $1.82 during the session, while it also had its lowest trading level at $1.729.
Ratios:
Our analysis of BLNK’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.10 and its Current Ratio is at 2.82. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, The Benchmark Company on July 31, 2024, initiated with a Buy rating and assigned the stock a target price of $5.
On January 08, 2024, Needham Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $7.
On September 27, 2023, UBS started tracking the stock assigning a Buy rating and target price of $7.UBS initiated its Buy rating on September 27, 2023, with a $7 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 19 ’24 when Peterson Kristina A. sold 24,077 shares for $1.80 per share. The transaction valued at 43,377 led to the insider holds 0 shares of the business.
Peterson Kristina A. sold 4,510 shares of BLNK for $12,515 on Jun 25 ’24. The Director now owns 0 shares after completing the transaction at $2.77 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BLNK now has a Market Capitalization of 178025760 and an Enterprise Value of 114063552. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.13 while its Price-to-Book (P/B) ratio in mrq is 0.64. Its current Enterprise Value per Revenue stands at 0.727 whereas that against EBITDA is -1.936.
Stock Price History:
Over the past 52 weeks, BLNK has reached a high of $4.66, while it has fallen to a 52-week low of $1.53. The 50-Day Moving Average of the stock is -21.39%, while the 200-Day Moving Average is calculated to be -35.72%.
Shares Statistics:
BLNK traded an average of 4.72M shares per day over the past three months and 4023850 shares per day over the past ten days. A total of 101.15M shares are outstanding, with a floating share count of 95.22M. Insiders hold about 5.86% of the company’s shares, while institutions hold 35.86% stake in the company. Shares short for BLNK as of 1726185600 were 25311979 with a Short Ratio of 5.37, compared to 1723680000 on 26332880. Therefore, it implies a Short% of Shares Outstanding of 25311979 and a Short% of Float of 26.549998000000002.
