The stock of Blink Charging Co. (BLNK) has gone down by -0.83% for the week, with a -25.88% drop in the past month and a -44.24% drop in the past quarter. The volatility ratio for the week is 6.64%, and the volatility levels for the past 30 days are 5.61% for BLNK. The simple moving average for the past 20 days is -11.31% for BLNK’s stock, with a -56.74% simple moving average for the past 200 days.
Is It Worth Investing in Blink Charging Co. (NASDAQ: BLNK) Right Now?
and a 36-month beta value of 2.74. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The average price predicted for Blink Charging Co. (BLNK) by analysts is $15.29, which is $13.31 above the current market price. The public float for BLNK is 54.27M, and at present, short sellers hold a 29.45% of that float. On September 19, 2023, the average trading volume of BLNK was 2.18M shares.
BLNK) stock’s latest price update
Blink Charging Co. (NASDAQ: BLNK) has experienced a decline in its stock price by -8.91 compared to its previous closing price of 3.93. However, the company has seen a fall of -0.83% in its stock price over the last five trading days. InvestorPlace reported 2023-09-14 that The EV market is, by now, well established. Investors are well aware of the proliferation of publicly traded EV stocks available.
Analysts’ Opinion of BLNK
Many brokerage firms have already submitted their reports for BLNK stocks, with Barclays repeating the rating for BLNK by listing it as a “Equal Weight.” The predicted price for BLNK in the upcoming period, according to Barclays is $11 based on the research report published on March 28, 2023 of the current year 2023.
BLNK Trading at -32.78% 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 -84.09% of loss for the given period.
Volatility was left at 5.61%, however, over the last 30 days, the volatility rate increased by 6.64%, as shares sank -26.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -44.06% lower at present.
During the last 5 trading sessions, BLNK fell by -0.83%, which changed the moving average for the period of 200-days by -72.44% in comparison to the 20-day moving average, which settled at $3.97. In addition, Blink Charging Co. saw -67.37% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BLNK starting from FARKAS MICHAEL D, who sale 26,000 shares at the price of $3.93 back on Sep 15. After this action, FARKAS MICHAEL D now owns 2,812,616 shares of Blink Charging Co., valued at $102,258 using the latest closing price.
FARKAS MICHAEL D, the Former Director Chairman & CEO of Blink Charging Co., sale 26,000 shares at $3.61 during a trade that took place back on Sep 14, which means that FARKAS MICHAEL D is holding 2,838,616 shares at $93,860 based on the most recent closing price.
Stock Fundamentals for BLNK
Current profitability levels for the company are sitting at:
- -139.64 for the present operating margin
- -87.07 for the gross margin
The net margin for Blink Charging Co. stands at -149.76. The total capital return value is set at -35.40, while invested capital returns managed to touch -38.17. Equity return is now at value -42.20, with -30.60 for asset returns.
Based on Blink Charging Co. (BLNK), the company’s capital structure generated 2.10 points at debt to equity in total, while total debt to capital is 2.06. Total debt to assets is 1.51, with long-term debt to equity ratio resting at 1.32. Finally, the long-term debt to capital ratio is 1.29.
When we switch over and look at the enterprise to sales, we see a ratio of 2.38, with the company’s debt to enterprise value settled at 0.01. The receivables turnover for the company is 4.09 and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.97.
Conclusion
To sum up, Blink Charging Co. (BLNK) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
