Stocks of Blink Charging Co (NASDAQ:BLNK) traded higher last session on Wall Street, down -1.20% to $3.29.
BLNK stock price is now 19.19% away from the 50-day moving average and 2.14% away from the 200-day moving average. The market capitalization of the company currently stands at $332.26M.
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With the price target maintained at $7, Needham recently Upgraded its rating from Hold to Buy for Blink Charging Co (NASDAQ: BLNK). On September 27, 2023, UBS recently initiated its ‘Buy’ rating on the stock quoting a target price of $7, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, FARKAS MICHAEL D, Former Director Chairman & CEO sold 52,000 shares of the company’s stock on Sep 28 ’23. The stock was sold for $158,184 at an average price of $3.04. Upon completion of the transaction, the Former Director Chairman & CEO now directly owns 2,578,616 shares in the company, valued at $8.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 27 ’23, Former Director Chairman & CEO FARKAS MICHAEL D sold 26,000 shares of the business’s stock. A total of $81,692 was realized by selling the stock at an average price of $3.14. This leaves the insider owning 2,630,616 shares of the company worth $8.65 million. A total of 7.15% of the company’s stock is owned by insiders.
During the past 12 months, Blink Charging Co has had a low of $2.18 and a high of $7.70. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 2.94, and a quick ratio of 2.28.
The net profit margin was -122.09% and return on equity was -60.62% for BLNK. The company reported revenue of $37.57 million for the quarter, compared to $21.67 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 73.38 percent.
