Blink Charging Co (BLNK): Not A Time To Panic Nor Freeze

Blink Charging Co (BLNK) concluded trading on Thursday at a closing price of $1.58, with 4.56 million shares of worth about $7.2 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -43.57% during that period and on December 26, 2024 the price saw a gain of about 3.95%. Currently the company’s common shares owned by public are about 101.15M shares, out of which, 95.23M shares are available for trading.

Stock saw a price change of 5.33% in past 5 days and over the past one month there was a price change of -2.47%. Year-to-date (YTD), BLNK shares are showing a performance of -53.39% which decreased to -61.65% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.42 but also hit the highest price of $4.48 during that period. The average intraday trading volume for Blink Charging Co shares is 4.88 million. The stock is currently trading -0.02% below its 20-day simple moving average (SMA20), while that difference is down -10.08% for SMA50 and it goes to -33.46% lower than SMA200.

Blink Charging Co (NASDAQ: BLNK) currently have 101.15M outstanding shares and institutions hold larger chunk of about 35.63% of that.

The stock has a current market capitalization of $159.86M and its 3Y-monthly beta is at 2.59. It has posted earnings per share of -$1.45 in the same period. It has Quick Ratio of 1.85 while making debt-to-equity ratio of 0.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BLNK, volatility over the week remained 6.03% while standing at 6.43% over the month.

Stock’s fiscal year EPS is expected to rise by 59.66% while it is estimated to increase by 64.72% in next year.

Coverage by UBS stated Blink Charging Co (BLNK) stock as a Neutral in their note to investors on November 14, 2024, suggesting a price target of $2 for the stock. On July 31, 2024, The Benchmark Company Initiated their recommendations, while on January 08, 2024, Needham Upgrade their ratings for the stock with a price target of $7. Stock get a Buy rating from UBS on September 27, 2023.

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