Blink Charging Co (NASDAQ:BLNK) shares traded 13.61% higher at $2.17 on Wall Street last session.
BLNK stock price is now -27.42% away from the 50-day moving average and -26.12% away from the 200-day moving average. The market capitalization of the company currently stands at $219.50M.
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With the price target of $5, The Benchmark Company recently initiated with Buy rating for Blink Charging Co (NASDAQ: BLNK). On January 08, 2024, Needham Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $7, while ‘UBS’ rates the stock as ‘Buy’
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 $5.6 million. A total of 5.89% of the company’s stock is owned by insiders.
During the past 12 months, Blink Charging Co has had a low of $1.89 and a high of $5.78. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 2.82, and a quick ratio of 2.10. The fifty day moving average price for BLNK is $2.9712 and a two-hundred day moving average price translates $2.9358 for the stock.
The latest earnings results from Blink Charging Co (NASDAQ: BLNK) was released for 2024-06-30. The net profit margin was -108.11% and return on equity was -56.65% for BLNK. The company reported revenue of $33.26 million for the quarter, compared to $32.84 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.28 percent.
