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Blink Charging Co. (BLNK): Skating on Thin Ice? We Know the Answer

Blink Charging Co. (NASDAQ:BLNK) went up by 7.60% from its latest closing price compared to the recent 1-year high of $29.99. The company’s stock price has collected 4.27% of gains in the last five trading sessions. Barron’s reported on 06/14/22 that Blink Agrees to Acquire SemaConnect in $200 Million Deal

Is It Worth Investing in Blink Charging Co. (NASDAQ :BLNK) Right Now?

Plus, the 36-month beta value for BLNK is at 3.19. Opinions of the stock are interesting as 3 analysts out of 7 who provided ratings for Blink Charging Co. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $23.90, which is $10.1 above the current price. BLNK currently public float of 41.25M and currently shorts hold a 31.64% ratio of that float. Today, the average trading volume of BLNK was 1.20M shares.

BLNK’s Market Performance

BLNK stocks went up by 4.27% for the week, with a monthly jump of 19.71% and a quarterly performance of 3.66%, while its annual performance rate touched -35.86%. The volatility ratio for the week stands at 8.22% while the volatility levels for the past 30 days are set at 6.92% for Blink Charging Co. The simple moving average for the period of the last 20 days is 19.84% for BLNK stocks with a simple moving average of -17.73% for the last 200 days.

Analysts’ Opinion of BLNK

Many brokerage firms have already submitted their reports for BLNK stocks, with Needham repeating the rating for BLNK by listing it as a “Buy.” The predicted price for BLNK in the upcoming period, according to Needham is $18 based on the research report published on October 20th of the previous year 2022.

B. Riley Securities, on the other hand, stated in their research note that they expect to see BLNK reach a price target of $15. The rating they have provided for BLNK stocks is “Neutral” according to the report published on June 17th, 2022.

Tudor Pickering Holt & Co. gave a rating of “Hold” to BLNK, setting the target price at $24 in the report published on April 21st of the previous year.

BLNK Trading at 11.29% from the 50-Day Moving Average

After a stumble in the market that brought BLNK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -52.82% of loss for the given period.

Volatility was left at 6.92%, however, over the last 30 days, the volatility rate increased by 8.22%, as shares surge +17.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.04% upper at present.

During the last 5 trading sessions, BLNK rose by +4.27%, which changed the moving average for the period of 200-days by -49.23% in comparison to the 20-day moving average, which settled at $11.91. In addition, Blink Charging Co. saw 28.99% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at BLNK starting from LEVINE JACK, who purchase 10,000 shares at the price of $10.22 back on Dec 28. After this action, LEVINE JACK now owns 131,641 shares of Blink Charging Co., valued at $102,200 using the latest closing price.

Hillo Aviv, the General Counsel of Blink Charging Co., sale 10,000 shares at $18.45 during a trade that took place back on Sep 27, which means that Hillo Aviv is holding 105,026 shares at $184,500 based on the most recent closing price.

Stock Fundamentals for BLNK

Current profitability levels for the company are sitting at:

  • -265.11 for the present operating margin
  • -176.01 for the gross margin

The net margin for Blink Charging Co. stands at -263.22. Equity return is now at value -33.80, with -27.50 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 11.86.

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