Blink Charging Co (NASDAQ: BLNK) has experienced a rise in its stock price by 1.01 compared to its previous closing price of 2.98. However, the company has seen a gain of 14.89% in its stock price over the last five trading days. The Motley Fool reported 2024-03-29 that Treasury Secretary Yellen gave hints that protections may be needed against Chinese competition. The Paris Olympics could highlight hydrogen vehicles.
Is It Worth Investing in Blink Charging Co (NASDAQ: BLNK) Right Now?
Company’s 36-month beta value is 2.77.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for BLNK is 90.93M, and currently, short sellers hold a 21.50% ratio of that floaft. The average trading volume of BLNK on April 01, 2024 was 8.20M shares.
BLNK’s Market Performance
The stock of Blink Charging Co (BLNK) has seen a 14.89% increase in the past week, with a -1.95% drop in the past month, and a -18.21% fall in the past quarter. The volatility ratio for the week is 8.65%, and the volatility levels for the past 30 days are at 8.30% for BLNK. The simple moving average for the past 20 days is 2.27% for BLNK’s stock, with a -21.63% simple moving average for the past 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 $7 based on the research report published on January 08, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see BLNK reach a price target of $7. The rating they have provided for BLNK stocks is “Buy” according to the report published on September 27th, 2023.
Barclays gave a rating of “Equal Weight” to BLNK, setting the target price at $11 in the report published on March 28th of the previous year.
BLNK Trading at 6.62% 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 -66.18% of loss for the given period.
Volatility was left at 8.30%, however, over the last 30 days, the volatility rate increased by 8.65%, as shares sank -5.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.15% upper at present.
During the last 5 trading sessions, BLNK rose by +14.89%, which changed the moving average for the period of 200-days by -53.83% in comparison to the 20-day moving average, which settled at $2.93. In addition, Blink Charging Co saw -11.21% 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 52,000 shares at the price of $3.04 back on Sep 28 ’23. After this action, FARKAS MICHAEL D now owns 2,578,616 shares of Blink Charging Co, valued at $158,184 using the latest closing price.
FARKAS MICHAEL D, the Former Director Chairman & CEO of Blink Charging Co, sale 26,000 shares at $3.14 during a trade that took place back on Sep 27 ’23, which means that FARKAS MICHAEL D is holding 2,630,616 shares at $81,692 based on the most recent closing price.
Stock Fundamentals for BLNK
Current profitability levels for the company are sitting at:
- -1.42 for the present operating margin
- 0.16 for the gross margin
The net margin for Blink Charging Co stands at -1.45. The total capital return value is set at -0.56. Equity return is now at value -74.02, with -51.50 for asset returns.
Based on Blink Charging Co (BLNK), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -5.44. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -124.34.
Currently, EBITDA for the company is -90.88 million with net debt to EBITDA at 0.54. When we switch over and look at the enterprise to sales, we see a ratio of 1.43. The receivables turnover for the company is 3.09for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.18.
Conclusion
In a nutshell, Blink Charging Co (BLNK) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
