Blink Charging Co (NASDAQ: BLNK)’s stock price has gone rise by 5.19 in comparison to its previous close of 2.89, however, the company has experienced a 25.62% increase in its stock price over the last five trading days. InvestorPlace reported 2024-05-03 that Penny stocks to buy are incredibly risky “assets” – there’s just no getting around this reality. At the same time, they also offer tremendous upside possibilities if the stars align just right.
Is It Worth Investing in Blink Charging Co (NASDAQ: BLNK) Right Now?
Additionally, the 36-month beta value for BLNK is 2.74. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for BLNK is 93.77M and currently, short sellers hold a 22.75% ratio of that float. The average trading volume of BLNK on May 06, 2024 was 6.55M shares.
BLNK’s Market Performance
BLNK stock saw an increase of 25.62% in the past week, with a monthly gain of 9.75% and a quarterly increase of 25.62%. The volatility ratio for the week is 6.96%, and the volatility levels for the last 30 days are 6.04% for Blink Charging Co (BLNK).. The simple moving average for the past 20 days is 22.73% for BLNK’s stock, with a -9.95% 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 10.16% 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 -60.52% of loss for the given period.
Volatility was left at 6.04%, however, over the last 30 days, the volatility rate increased by 6.96%, as shares surge +12.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.47% upper at present.
During the last 5 trading sessions, BLNK rose by +25.62%, which changed the moving average for the period of 200-days by -53.37% in comparison to the 20-day moving average, which settled at $2.49. In addition, Blink Charging Co saw -10.32% 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 1.45. 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 conclusion, Blink Charging Co (BLNK) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
