Blink Charging Co (BLNK): Investing In A Time Of Crisis

Blink Charging Co (NASDAQ:BLNK) currently has a daily average trading volume of 4.69M but it saw 3486647 shares traded in last market. With a market cap of 158.85M USD, the company’s current market price of $1.56 came rising about 0.65 while comparing to the previous closing price of $1.55. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.48 and as low as $1.48. In the recent trading on the day, stock has struck highest price mark of $1.545 while lowest mark touched by it was $1.62.

Taking a look at 20-day trading activity of Blink Charging Co (BLNK) gives us an average price of $1.7322, while its current price level is -65.18% below from 52-week high level whereas it is 5.41% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.8475 while that of 200 days or SMA-200 reads an average of $2.5229. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.03% during that period while stretching the period over a month that increases to 7.27%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 40.21 which implies that the stock is in neutral territory.

UBS downgraded its recommendation for the stock as a “Neutral” from “Buy” on November 14, 2024 while assigning a price target range of $3-$2. The Benchmark Company issued its recommendations for the stock as it initiated the price target for the stock is $5.

Over the week, BLNK’s stock price is moving 1.63% up while it is -26.76% when we observe its performance for the past one month. Year-to-date it is -53.98% down and over the past year, the stock is showing a downside performance of -54.91%.

Currently, Blink Charging Co’s total number of outstanding shares is 101.17M. Company’s return on investment (ROI) stands at -71.38% and return on equity (ROE) at -69.69%. Stock’s beta reads 2.57. Stock has a price to book (P/B) ratio of 0.81 while price to sale or P/S ratio amounts to 1.15. Its return on asset (ROA) is -43.17% on average.