Blink Charging Co. (NASDAQ:BLNK - Get Free Report) has received a consensus rating of "Hold" from the eight ratings firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $5.64.
Several analysts have commented on the company. UBS Group lowered Blink Charging from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $3.00 to $2.00 in a report on Thursday, November 14th. Needham & Company LLC downgraded Blink Charging from a "buy" rating to a "hold" rating in a research report on Tuesday, November 19th. Finally, Benchmark restated a "buy" rating and issued a $5.00 target price on shares of Blink Charging in a research report on Tuesday, November 12th.
Check Out Our Latest Stock Analysis on Blink Charging
Blink Charging Stock Performance
Blink Charging stock traded down $0.05 during midday trading on Friday, hitting $1.56. 3,696,499 shares of the company were exchanged, compared to its average volume of 5,141,529. The firm has a market capitalization of $157.83 million, a PE ratio of -1.03 and a beta of 2.61. Blink Charging has a fifty-two week low of $1.38 and a fifty-two week high of $3.75. The business has a fifty day simple moving average of $1.62 and a two-hundred day simple moving average of $2.05.
Institutional Investors Weigh In On Blink Charging
A number of hedge funds and other institutional investors have recently made changes to their positions in BLNK. Hsbc Holdings PLC acquired a new position in shares of Blink Charging during the second quarter worth about $29,000. Principal Financial Group Inc. bought a new position in shares of Blink Charging during the second quarter valued at approximately $30,000. Victory Capital Management Inc. bought a new position in shares of Blink Charging during the second quarter valued at approximately $33,000. DRW Securities LLC bought a new position in shares of Blink Charging during the third quarter valued at approximately $33,000. Finally, United Advisor Group LLC acquired a new position in shares of Blink Charging during the third quarter worth approximately $34,000. Hedge funds and other institutional investors own 44.64% of the company's stock.
About Blink Charging
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Get Free ReportBlink Charging Co, through its subsidiaries, owns, operates, manufactures, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types.
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