A share price of Blink Charging Co [BLNK] is currently trading at $0.92, up 6.63%. An important factor to consider is whether the stock is rising or falling in short-term value. The BLNK shares have gain 6.53% over the last week, with a monthly amount glided 27.20%, and 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.
Blink Charging Co experienced fluctuations in its stock price throughout the past year between $0.63 and $3.75. Currently, Wall Street analysts expect the stock to reach $1.5 within the next 12 months. Blink Charging Co [NASDAQ: BLNK] shares were valued at $0.92 at the most recent close of the market. An investor can expect a potential return of 63.04% based on the average BLNK price forecast.
Analyzing the BLNK fundamentals
Trailing Twelve Months sales for Blink Charging Co [NASDAQ:BLNK] were 109.38M which represents -44.76% decline. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at -1.87%, Pretax Profit Margin comes in at -1.86%, and Net Profit Margin reading is -1.86%. To continue investigating profitability, this company’s Return on Assets is posted at -1.01, Equity is -1.16 and Total Capital is -1.43. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.1.
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 0.8513 points at the first support level, and at 0.7857 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.9763, and for the 2nd resistance point, it is at 1.0357.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Blink Charging Co [NASDAQ:BLNK] is 2.15. On the other hand, the Quick Ratio is 1.47, and the Cash Ratio is 0.73. Considering the valuation of this stock, the price to sales ratio is 0.86, the price to book ratio is 0.92.
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.
