Blink Charging (NASDAQ:BLNK - Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.15) earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.03, Briefing.com reports. The company had revenue of $30.20 million during the quarter, compared to analysts' expectations of $30.77 million. Blink Charging had a negative return on equity of 25.50% and a negative net margin of 104.02%. The firm's revenue for the quarter was down 29.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.28) earnings per share.
Blink Charging Stock Performance
NASDAQ:BLNK traded up $0.10 during mid-day trading on Monday, reaching $1.06. The stock had a trading volume of 4,969,339 shares, compared to its average volume of 4,863,244. The business has a 50 day simple moving average of $1.19 and a 200 day simple moving average of $1.55. Blink Charging has a twelve month low of $0.87 and a twelve month high of $3.75. The firm has a market capitalization of $106.74 million, a price-to-earnings ratio of -0.70 and a beta of 2.86.
Analyst Ratings Changes
Several research firms recently commented on BLNK. Barclays reduced their price target on shares of Blink Charging from $3.00 to $1.50 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Benchmark reduced their target price on shares of Blink Charging from $5.00 to $2.00 and set a "buy" rating for the company in a report on Friday. Roth Mkm reissued a "buy" rating and set a $3.00 price target (down previously from $4.00) on shares of Blink Charging in a report on Friday. UBS Group reduced their price objective on Blink Charging from $2.00 to $1.70 and set a "neutral" rating for the company in a research note on Monday, January 27th. Finally, HC Wainwright reiterated a "buy" rating and issued a $8.00 target price on shares of Blink Charging in a research note on Friday. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $3.39.
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About Blink Charging
(
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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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