Blink Charging Co (NASDAQ:BLNK) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price objective of $5.00 for the company and are expecting that the company will post ($0.13) EPS for the current quarter, according to Zacks. Zacks has also assigned Blink Charging an industry rank of 108 out of 256 based on the ratings given to its competitors.
Separately, HC Wainwright started coverage on Blink Charging in a research note on Monday, December 10th. They set a “buy” rating and a $5.00 price objective on the stock.
In other Blink Charging news, Director Donald Engel acquired 45,000 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was acquired at an average cost of $2.20 per share, with a total value of $99,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 33.80% of the company’s stock.
A number of hedge funds have recently modified their holdings of BLNK. Perkins Capital Management Inc. bought a new position in Blink Charging in the 3rd quarter worth approximately $104,000. Northern Trust Corp bought a new position in Blink Charging in the 2nd quarter worth approximately $109,000. Man Group plc bought a new position in Blink Charging in the 3rd quarter worth approximately $143,000. BlackRock Inc. grew its holdings in Blink Charging by 1,420,100.0% in the 2nd quarter. BlackRock Inc. now owns 28,404 shares of the company’s stock worth $146,000 after buying an additional 28,402 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in Blink Charging in the 2nd quarter worth approximately $294,000. 12.09% of the stock is owned by institutional investors and hedge funds.
BLNK traded up $0.03 on Wednesday, reaching $1.87. The company’s stock had a trading volume of 1,505 shares, compared to its average volume of 188,705. Blink Charging has a 1 year low of $1.28 and a 1 year high of $15.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.70 and a quick ratio of 3.58.
Blink Charging (NASDAQ:BLNK) last issued its quarterly earnings results on Wednesday, November 14th. The company reported ($0.13) EPS for the quarter. The business had revenue of $0.55 million during the quarter. Blink Charging had a net margin of 965.14% and a return on equity of 4,449.22%. On average, equities research analysts anticipate that Blink Charging will post -2.85 earnings per share for the current year.
About Blink Charging
Blink Charging Co owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based software that operates, maintains, and tracks various Blink EV charging stations and associated charging data, as well as provides property owners, managers, and parking companies with cloud-based services that enable the remote monitoring and management of EV charging stations and payment processing.
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