Blink Charging Co [BLNK] stock prices are up 12.66% to $1.78 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BLNK shares have gain 9.88% over the last week, with a monthly amount drifted -11.44%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Blink Charging Co [NASDAQ: BLNK] stock has seen the most recent analyst activity on November 19, 2024, when Needham downgraded its rating to a Hold. Previously, UBS downgraded its rating to Neutral on November 14, 2024, and dropped its price target to $2. On July 31, 2024, The Benchmark Company initiated with a Buy rating and assigned a price target of $5 on the stock. Needham upgraded its rating to a Buy but stick to its price target of $7 on January 08, 2024. UBS initiated its recommendation with a Buy and recommended $7 as its price target on September 27, 2023. Barclays started tracking with a Equal Weight rating for this stock on March 28, 2023, and assigned it a price target of $11.
The stock price of Blink Charging Co [BLNK] has been fluctuating between $1.48 and $4.48 over the past year. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. Blink Charging Co [NASDAQ: BLNK] shares were valued at $1.78 at the most recent close of the market. An investor can expect a potential return of 68.54% based on the average BLNK price forecast.
Analyzing the BLNK fundamentals
The Blink Charging Co [NASDAQ:BLNK] reported sales of 138.73M for trailing twelve months, representing a drop of -41.93%. Gross Profit Margin for this corporation currently stands at -0.08% with Operating Profit Margin at -1.03%, Pretax Profit Margin comes in at -1.04%, and Net Profit Margin reading is -1.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.48, Equity is -0.55 and Total Capital is -0.59. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 1.6180 points at the first support level, and at 1.4560 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8960, and for the 2nd resistance point, it is at 2.0120.
Ratios To Look Out For
It’s worth pointing out that Blink Charging Co [NASDAQ:BLNK]’s Current Ratio is 2.52. Further, the Quick Ratio stands at 1.85, while the Cash Ratio is 1.01. Considering the valuation of this stock, the price to sales ratio is 1.30, the price to book ratio is 0.93.
Transactions by insiders
Recent insider trading involved LEVINE JACK, Director, that happened on Sep 26 ’24 when 20000.0 shares were purchased. Director, Peterson Kristina A. completed a deal on Sep 19 ’24 to sell 24077.0 shares. Meanwhile, Director Peterson Kristina A. sold 4510.0 shares on Jun 25 ’24.
