Quarterly Snapshot: Quick and Current Ratios for Blink Charging Co (BLNK)

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The closing price of Blink Charging Co (NASDAQ: BLNK) was $2.92 for the day, down -9.03% from the previous closing price of $3.21. In other words, the price has decreased by -$9.03 from its previous closing price. On the day, 6.09 million shares were traded. BLNK stock price reached its highest trading level at $3.1798 during the session, while it also had its lowest trading level at $2.915.


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 2.49 and its Current Ratio is at 3.18. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.02.

On September 27, 2023, UBS started tracking the stock assigning a Buy rating and target price of $7.

On March 28, 2023, Barclays started tracking the stock assigning a Equal Weight rating and target price of $11.Barclays initiated its Equal Weight rating on March 28, 2023, with a $11 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 28 ’23 when FARKAS MICHAEL D sold 52,000 shares for $3.04 per share. The transaction valued at 158,184 led to the insider holds 2,578,616 shares of the business.

FARKAS MICHAEL D sold 26,000 shares of BLNK for $81,692 on Sep 27 ’23. The Former Director Chairman & CEO now owns 2,630,616 shares after completing the transaction at $3.14 per share. On Sep 26 ’23, another insider, FARKAS MICHAEL D, who serves as the Former Director Chairman & CEO of the company, sold 26,000 shares for $3.02 each. As a result, the insider received 78,546 and left with 2,656,616 shares of the company.

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 294887872 and an Enterprise Value of 191150256. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.10 while its Price-to-Book (P/B) ratio in mrq is 0.94. Its current Enterprise Value per Revenue stands at 1.36 whereas that against EBITDA is -2.053.

Stock Price History:

Over the past 52 weeks, BLNK has reached a high of $7.70, while it has fallen to a 52-week low of $2.18. The 50-Day Moving Average of the stock is 5.47%, while the 200-Day Moving Average is calculated to be -12.67%.

Shares Statistics:

BLNK traded an average of 6.57M shares per day over the past three months and 4388340 shares per day over the past ten days. A total of 100.99M shares are outstanding, with a floating share count of 93.77M. Insiders hold about 7.15% of the company’s shares, while institutions hold 29.72% stake in the company. Shares short for BLNK as of 1713139200 were 21334829 with a Short Ratio of 3.25, compared to 1710460800 on 19554197. Therefore, it implies a Short% of Shares Outstanding of 21334829 and a Short% of Float of 23.06.

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