The stock of Blink Charging Co (NASDAQ: BLNK) has decreased by -1.47 when compared to last closing price of 2.04.Despite this, the company has seen a loss of -10.67% in its stock price over the last five trading days. globenewswire.com reported 2024-10-30 that Efficient and expanded deployment of infrastructure will support a more sustainable future for the state. Bowie, Md.
Is It Worth Investing in Blink Charging Co (NASDAQ: BLNK) Right Now?
The 36-month beta value for BLNK is also noteworthy at 2.68. 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.”
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The public float for BLNK is 95.20M, and at present, short sellers hold a 26.20% of that float. The average trading volume of BLNK on November 05, 2024 was 4.71M shares.
BLNK’s Market Performance
BLNK’s stock has seen a -10.67% decrease for the week, with a 2.55% rise in the past month and a -25.28% fall in the past quarter. The volatility ratio for the week is 5.82%, and the volatility levels for the past 30 days are at 6.03% for Blink Charging Co The simple moving average for the past 20 days is -1.74% for BLNK’s stock, with a -22.63% simple moving average for the past 200 days.
Analysts’ Opinion of BLNK
Many brokerage firms have already submitted their reports for BLNK stocks, with The Benchmark Company repeating the rating for BLNK by listing it as a “Buy.” The predicted price for BLNK in the upcoming period, according to The Benchmark Company is $5 based on the research report published on July 31, 2024 of the current year 2024.
Needham, 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 January 08th, 2024.
UBS gave a rating of “Buy” to BLNK, setting the target price at $7 in the report published on September 27th of the previous year.
BLNK Trading at 6.80% 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 -56.87% of loss for the given period.
Volatility was left at 6.03%, however, over the last 30 days, the volatility rate increased by 5.82%, as shares surge +2.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.29% lower at present.
During the last 5 trading sessions, BLNK fell by -10.67%, which changed the moving average for the period of 200-days by -19.60% in comparison to the 20-day moving average, which settled at $2.05. In addition, Blink Charging Co saw -40.71% 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 LEVINE JACK, who purchase 20,000 shares at the price of $1.70 back on Sep 26 ’24. After this action, LEVINE JACK now owns 175,718 shares of Blink Charging Co, valued at $34,000 using the latest closing price.
Peterson Kristina A., the Director of Blink Charging Co, sale 24,077 shares at $1.80 during a trade that took place back on Sep 19 ’24, which means that Peterson Kristina A. is holding 0 shares at $43,377 based on the most recent closing price.
Stock Fundamentals for BLNK
Current profitability levels for the company are sitting at:
- -1.05 for the present operating margin
- -0.04 for the gross margin
The net margin for Blink Charging Co stands at -1.08. The total capital return value is set at -0.52. Equity return is now at value -56.65, with -39.98 for asset returns.
Based on Blink Charging Co (BLNK), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -6.01. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -243.23.
Currently, EBITDA for the company is -90.88 million with net debt to EBITDA at 0.41. When we switch over and look at the enterprise to sales, we see a ratio of 0.89. The receivables turnover for the company is 3.16for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.82.
Conclusion
In summary, Blink Charging Co (BLNK) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
