Blink Charging Co [BLNK] stock is trading at $2.98, up 14.62%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BLNK shares have gain 10.37% over the last week, with a monthly amount drifted -5.40%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 25, March 2024, Jenifer Yokley Promoted to Chief Marketing Officer at Blink Charging. In a post published today on Yahoo Finance, Elevation of proven trailblazer heralds new era of innovation and leadership during women’s history month.
From an analyst’s perspective:
Blink Charging Co [NASDAQ: BLNK] stock has seen the most recent analyst activity on January 08, 2024, when Needham upgraded its rating to a Buy but kept the price target unchanged to $7 for it. Previously, UBS started tracking the stock with Buy rating on September 27, 2023, and set its price target to $7. On March 28, 2023, Barclays initiated with a Equal Weight rating and assigned a price target of $11 on the stock. Needham reiterated its recommendation of a Buy and reduced its price target to $18 on October 20, 2022. B. Riley Securities started tracking with a Neutral rating for this stock on June 17, 2022, and assigned it a price target of $15. In a note dated April 21, 2022, Tudor Pickering Holt & Co. initiated an Hold rating and provided a target price of $24 on this stock.
Blink Charging Co [BLNK] stock has fluctuated between $2.18 and $8.90 over the past year. Currently, Wall Street analysts expect the stock to reach $25.33 within the next 12 months. Blink Charging Co [NASDAQ: BLNK] shares were valued at $2.98 at the most recent close of the market. An investor can expect a potential return of 750.0% based on the average BLNK price forecast.
Analyzing the BLNK fundamentals
Blink Charging Co [NASDAQ:BLNK] reported sales of 140.60M for the trailing twelve months, which represents a growth of 88.94%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at -1.42%, Pretax Profit Margin comes in at -1.44%, and Net Profit Margin reading is -1.45%. To continue investigating profitability, this company’s Return on Assets is posted at -0.48, Equity is -0.7 and Total Capital is -0.56. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.73 points at the first support level, and at 2.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.11, and for the 2nd resistance point, it is at 3.24.
Blink Charging Co [BLNK] reported earnings per share of -$0.31 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.31/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$1.74 per share as compared to estimates of -$0.46 per share, a difference of -$1.28 representing a surprise of -278.30%.
Ratios To Look Out For
For context, Blink Charging Co’s Current Ratio is 3.18. In addition, the Quick Ratio stands at 2.49 and the Cash Ratio stands at 1.75. Considering the valuation of this stock, the price to sales ratio is 2.14, the price to book ratio is 0.96.
Transactions by insiders
Recent insider trading involved FARKAS MICHAEL D, Former Director Chairman & CEO, that happened on Sep 28 ’23 when 52000.0 shares were sold. Former Director Chairman & CEO, FARKAS MICHAEL D completed a deal on Sep 27 ’23 to sell 26000.0 shares. Meanwhile, Former Director Chairman & CEO FARKAS MICHAEL D sold 26000.0 shares on Sep 26 ’23.
