Blink Charging Co. (BLNK): What Does Valuation Ratios Tell Us?

Blink Charging Co. (NASDAQ:BLNK) saw an upside of 5.20% to close Tuesday at $28.55 after adding $1.41 on the day. The 5-day average trading volume is 1,041,520 shares of the company’s common stock. It has gained $28.90 in the past week. An average of 1,480,085 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,535,064.

BLNK’s 1-month performance is -4.16% or -$2.10 on its low of $26.21 reached on 10/04/21. The company’s shares have touched a 52-week low of $7.33 and high of $64.50, with the stock’s rally to the 52-week high happening on 01/27/21. YTD, BLNK has lost -33.22% or -$14.20. However, the current price is down -55.74%% from the 52-week high price.


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Insider Transactions

On Aug 10, 64 days have gone by since the last insider trading activity for Blink Charging Co. (BLNK). Engel Donald (Business Development Officer) most recently sold 5,000 shares at $37.00 per share on Aug 10. This transaction cost the insider $185,000. Business Development Officer, Engel Donald, sold 46,113 shares at a price of $48.81 on Feb 01. Then, on Jan 29, Business Development Officer Engel Donald sold 60,868 shares at a price of $50.05 per share. This transaction amounted to $3,046,583.

Valuation Metrics

Blink Charging Co. (BLNK) has a trailing price-to-earnings (P/E) ratio of 21.00 for the broader industry and 30.86 for the sector. The company’s PE ratio for the last five years has touched a high of 2.278 and a low of 1.017. BLNK stock has a beta of 4.12. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 121.84 while the price-to-book (PB) in the most recent quarter is 5.13.

Blink Charging Co.’s quick ratio for the period ended June 29 was 18.80, with the current ratio over the same period at 19.40 meaning that BLNK stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 15.40%. The trailing 12-month EBITDA margin is -270.55%. The firm’s gross profit as reported stood at $1.52 million against revenue of $6.23 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Blink Charging Co.’s cash and short-term investments amounted to $53.56 million against total debt of $2.93 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 63.99% to $4.36 million, while revenue of $2.23 million was 48.85% off the previous quarter. Analysts expected BLNK to announce -$0.16 per share in earnings in its latest quarter, but it posted -$0.32, representing a -100.00% surprise. EBITDA for the quarter stood at more than -$10.91 million. BLNK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 12.61 million, with total debt at $2.93 million. Shareholders hold equity totaling $42.16 million

Technical Picture

Let’s look briefly at Blink Charging Co. (BLNK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 51.89% to suggest the stock is trending Neutral, with historical volatility in this time period at 44.27%.

The stock’s 5-day moving average is $27.40, reflecting a +6.41% or $1.72 change from its current price. BLNK is currently trading -4.96% above its 20-day SMA, -13.33% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -16.13% and -42.32% respectively.

Stochastic %K and %D was 28.66% and 22.05% and the average true range (ATR) pointed at 1.41. The RSI (14) points at 46.88%, while the 14-day stochastic is at 48.48% with the period’s ATR at 1.49. The stock’s 9-day MACD Oscillator is pointing at 0.11 and -0.55 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Blink Charging Co. (NASDAQ: BLNK), DA Davidson launched coverage with a Neutral rating. Analysts offering their rating for BLNK stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate BLNK as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

What is BLNK’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $31.00 and a high of $40.00, with their median price target at $37.00. Looking at these predictions, the average price target given by analysts is for Blink Charging Co. (BLNK) stock is $36.40.

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