Blink Charging Co (NASDAQ:BLNK) saw a downside of -6.05% to close Monday at $2.95 after subtracting -$0.19 on the day. The 5-day average trading volume is 2,273,840 shares of the company’s common stock. It has gained $3.67 in the past week and touched a new high 1 time within the past 5 days. An average of 2,112,750 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,170,064.
BLNK’s 1-month performance is -27.87% or -$1.26 on its low of $2.91 reached on 09/25/23. The company’s shares have touched a 52-week low of $3.12 and high of $19.60, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, BLNK has lost -73.11% or -$8.02 and has reached a new high 11 times. However, the current price is down -84.95% from the 52-week high price.
Insider Transactions
BLNK stock investors last saw insider trading activity on Sep 22.FARKAS MICHAEL D (Former Director Chairman & CEO) most recently sold 26,000 shares at $3.15 per share on Sep 22. This transaction cost the insider $81,900. Former Director Chairman & CEO, FARKAS MICHAEL D, sold 26,000 shares at a price of $3.18 on Sep 21. Then, on Sep 20, Former Director Chairman & CEO FARKAS MICHAEL D sold 26,000 shares at a price of $3.54 per share. This transaction amounted to $92,170.
Valuation Metrics
BLNK stock has a beta of 2.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.03 while the price-to-book (PB) in the most recent quarter is 0.59.
Blink Charging Co’s quick ratio for the recent period was 1.80, with the current ratio over the same period at 2.47. In terms of profitability, the gross margin trailing 12 months is -89.16%. The trailing 12-month EBITDA margin is -122.39%. The firm’s gross profit as reported stood at $14.8 million against revenue of $61.14 million.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 45.47% to -$41.48 million, while revenue of -$29.8 million was 28.16% off the previous quarter. EBITDA for the quarter stood at more than -$36.41 million. BLNK stock balance sheet for the recent quarter shows that total liabilities totaled 147.88 million, with total debt at $15.91 million. Shareholders hold equity totaling $63.99 million.
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 25 September was 18.89% to suggest the stock is trending oversold, with historical volatility in this time period at 74.18%.
The stock’s 5-day moving average is $3.26, reflecting a -17.60% or -$0.63 change from its current price. BLNK is currently trading -29.93% above its 20-day SMA, -57.55% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -53.83% and SMA200 by-79.06%.
Stochastic %K and %D was 2.43% and 4.72% and the average true range (ATR) pointed at 0.23. The RSI (14) points at 23.14%, while the 14-day stochastic is at 3.06% with the period’s ATR at 0.25. The stock’s 9-day MACD Oscillator is pointing at -0.42 and -0.49 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Blink Charging Co (NASDAQ: BLNK), Barclays launched coverage with an Equal weight rating. Analysts offering their rating for BLNK stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate BLNK as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 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 $7.00 and a high of $50.00, with their median price target at $9.00. Looking at these predictions, the average price target given by analysts is for Blink Charging Co (BLNK) stock is $16.71.
