Blink Charging Co. (NASDAQ:BLNK - Get Free Report)'s share price rose 1.6% during mid-day trading on Thursday . The company traded as high as $1.08 and last traded at $1.01. Approximately 5,012,286 shares were traded during trading, an increase of 15% from the average daily volume of 4,375,639 shares. The stock had previously closed at $0.99.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. UBS Group lowered their price objective on shares of Blink Charging from $2.00 to $1.70 and set a "neutral" rating for the company in a research note on Monday, January 27th. Barclays lowered their price target on 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. Needham & Company LLC reissued a "buy" rating on shares of Blink Charging in a report on Wednesday, January 15th. Finally, Benchmark restated a "buy" rating and issued a $5.00 price objective on shares of Blink Charging in a research note on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $5.09.
Read Our Latest Stock Analysis on BLNK
Blink Charging Stock Down 11.2 %
The business has a 50 day moving average price of $1.30 and a 200 day moving average price of $1.63. The stock has a market cap of $91.63 million, a PE ratio of -0.60 and a beta of 2.59.
Institutional Investors Weigh In On Blink Charging
Hedge funds and other institutional investors have recently made changes to their positions in the company. DRW Securities LLC purchased a new stake in Blink Charging during the third quarter worth $33,000. United Advisor Group LLC acquired a new position in shares of Blink Charging in the third quarter worth about $34,000. Verition Fund Management LLC purchased a new stake in shares of Blink Charging during the 3rd quarter worth about $48,000. Intech Investment Management LLC acquired a new stake in shares of Blink Charging during the 3rd quarter valued at about $52,000. Finally, Millennium Management LLC acquired a new position in Blink Charging in the 4th quarter worth about $43,000. Institutional investors and hedge funds own 44.64% of the company's stock.
Blink Charging Company Profile
(
Get Free Report)
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.
Further Reading
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