At the time of writing, Blink Charging Co [BLNK] stock is trading at $2.80, up 4.09%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BLNK shares have gain 4.87% over the last week, with a monthly amount drifted -8.20%, and not seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Blink Charging Co fluctuated between $2.18 and $7.25. Currently, Wall Street analysts expect the stock to reach $19.88 within the next 12 months. Blink Charging Co [NASDAQ: BLNK] shares were valued at $2.80 at the most recent close of the market. An investor can expect a potential return of 610.0% based on the average BLNK price forecast.
Analyzing the BLNK fundamentals
According to Blink Charging Co [NASDAQ:BLNK], the company’s sales were 156.50M for trailing twelve months, which represents an 73.38% jump. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at -1.18%, Pretax Profit Margin comes in at -1.21%, and Net Profit Margin reading is -1.22%. To continue investigating profitability, this company’s Return on Assets is posted at -0.47, Equity is -0.68 and Total Capital is -0.55. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.06.
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 2.70 points at the first support level, and at 2.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.86, and for the 2nd resistance point, it is at 2.91.
Ratios To Look Out For
It is important to note that Blink Charging Co [NASDAQ:BLNK] has a current ratio of 2.94. As well, the Quick Ratio is 2.28, while the Cash Ratio is 1.39. Considering the valuation of this stock, the price to sales ratio is 1.81, the price to book ratio is 0.95.
Transactions by insiders
Recent insider trading involved Peterson Kristina A., Director, that happened on Jun 25 ’24 when 4510.0 shares were sold. Former Director Chairman & CEO, FARKAS MICHAEL D completed a deal on Sep 28 ’23 to sell 52000.0 shares. Meanwhile, Former Director Chairman & CEO FARKAS MICHAEL D sold 26000.0 shares on Sep 27 ’23.
