Blink Charging Co (NASDAQ:BLNK) shares traded -11.16% lower at $1.91 on Wall Street last session.
BLNK stock price is now 1.51% away from the 50-day moving average and -26.31% away from the 200-day moving average. The market capitalization of the company currently stands at $193.20M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, LEVINE JACK, Director bought 20,000 shares of the company’s stock on Sep 26 ’24. The stock was bought for $34,000 at an average price of $1.70. Upon completion of the transaction, the Director now directly owns 175,718 shares in the company, valued at $0.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 19 ’24, Director Peterson Kristina A. sold 24,077 shares of the business’s stock. A total of $43,377 was realized by selling the stock at an average price of $1.80. A total of 5.88% of the company’s stock is owned by insiders.
During the past 12 months, Blink Charging Co has had a low of $1.53 and a high of $4.66. 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 $1.8834 and a two-hundred day moving average price translates $2.595875 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.
