Blink Charging (NASDAQ:BLNK - Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.03, Briefing.com reports. The business had revenue of $30.20 million during the quarter, compared to the consensus estimate of $30.77 million. Blink Charging had a negative net margin of 104.02% and a negative return on equity of 25.50%. The firm's quarterly revenue was down 29.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.28) EPS.
Blink Charging Price Performance
Shares of NASDAQ BLNK traded up $0.10 during trading hours on Monday, hitting $1.05. 5,087,777 shares of the stock were exchanged, compared to its average volume of 4,863,245. The firm has a market capitalization of $106.23 million, a P/E ratio of -0.70 and a beta of 2.86. Blink Charging has a one year low of $0.87 and a one year high of $3.75. The company's 50 day moving average is $1.19 and its 200 day moving average is $1.55.
Analyst Ratings Changes
Several research analysts recently weighed in on BLNK shares. Benchmark dropped their price target on Blink Charging from $5.00 to $2.00 and set a "buy" rating on the stock in a research report on Friday. Barclays lowered their price objective on shares of Blink Charging from $3.00 to $1.50 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. HC Wainwright restated a "buy" rating and set a $8.00 price target on shares of Blink Charging in a report on Friday. UBS Group cut their price objective on Blink Charging from $2.00 to $1.70 and set a "neutral" rating for the company in a report on Monday, January 27th. Finally, Needham & Company LLC restated a "hold" rating on shares of Blink Charging in a research note on Friday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Blink Charging currently has an average rating of "Hold" and a consensus price target of $3.39.
Read Our Latest Report on BLNK
Blink Charging Company Profile
(
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Blink 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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