The price of Blink Charging Co (NASDAQ:BLNK) shares last traded on Wall Street fell -6.22% to $3.47.
BLNK stock price is now 13.64% away from the 50-day moving average and 17.91% away from the 200-day moving average. The market capitalization of the company currently stands at $350.68M.
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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, Peterson Kristina A., Director sold 4,510 shares of the company’s stock on Jun 25 ’24. The stock was sold for $12,515 at an average price of $2.77. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 28 ’23, Former Director Chairman & CEO FARKAS MICHAEL D sold 52,000 shares of the business’s stock. A total of $158,184 was realized by selling the stock at an average price of $3.04. This leaves the insider owning 2,578,616 shares of the company worth $8.95 million. A total of 8.19% 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 $7.25. 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 fifty day moving average price for BLNK is $3.0622 and a two-hundred day moving average price translates $2.94495 for the stock.
The latest earnings results from Blink Charging Co (NASDAQ: BLNK) was released for 2024-03-31. 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.
