Ratio Examination: Blink Charging Co (BLNK)’s Price-to-Cash and Price-to-Free Cash Flow

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In the latest session, Blink Charging Co (NASDAQ: BLNK) closed at $2.70 up 1.12% from its previous closing price of $2.67. In other words, the price has increased by $1.12 from its previous closing price. On the day, 7.69 million shares were traded. BLNK stock price reached its highest trading level at $2.7 during the session, while it also had its lowest trading level at $2.61.

Ratios:

For a deeper understanding of Blink Charging Co’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.28 and its Current Ratio is at 2.94. 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:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 272862016 and an Enterprise Value of 197072400. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.74 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 1.259 whereas that against EBITDA is -2.531.

Stock Price History:

Over the past 52 weeks, BLNK has reached a high of $7.25, while it has fallen to a 52-week low of $2.18. The 50-Day Moving Average of the stock is -6.24%, while the 200-Day Moving Average is calculated to be -9.73%.

Shares Statistics:

For the past three months, BLNK has traded an average of 5.13M shares per day and 5838730 over the past ten days. A total of 92.82M shares are outstanding, with a floating share count of 92.75M. Insiders hold about 8.22% of the company’s shares, while institutions hold 27.78% stake in the company. Shares short for BLNK as of 1715731200 were 19467965 with a Short Ratio of 3.75, compared to 1713139200 on 21334829. Therefore, it implies a Short% of Shares Outstanding of 19467965 and a Short% of Float of 19.790001.

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