Blink Charging (NASDAQ:BLNK - Get Free Report) issued its quarterly earnings results on Monday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.04), Zacks reports. The business had revenue of $20.75 million for the quarter, compared to analysts' expectations of $27.60 million. Blink Charging had a negative return on equity of 25.50% and a negative net margin of 104.02%.
Blink Charging Trading Down 3.5%
Shares of NASDAQ:BLNK traded down $0.03 during midday trading on Thursday, hitting $0.72. 2,880,296 shares of the stock were exchanged, compared to its average volume of 4,491,244. The stock has a market cap of $73.55 million, a P/E ratio of -0.47 and a beta of 3.34. Blink Charging has a twelve month low of $0.63 and a twelve month high of $3.75. The company has a 50 day moving average price of $0.83 and a 200-day moving average price of $1.24.
Analyst Ratings Changes
BLNK has been the topic of a number of recent research reports. Barclays cut their target price on shares of Blink Charging from $3.00 to $1.50 and set an "equal weight" rating on the stock in a research note on Tuesday, February 4th. UBS Group reduced their price objective on Blink Charging from $1.00 to $0.80 and set a "neutral" rating for the company in a research note on Thursday, April 17th. HC Wainwright lowered their target price on shares of Blink Charging from $8.00 to $5.00 and set a "buy" rating on the stock in a research report on Wednesday. Stifel Nicolaus lowered their price objective on shares of Blink Charging from $3.50 to $2.00 and set a "hold" rating on the stock in a research report on Wednesday, March 26th. Finally, Roth Mkm reaffirmed a "buy" rating and set a $3.00 price objective (down previously from $4.00) on shares of Blink Charging in a report on Friday, March 14th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $2.61.
Get Our Latest Research Report on BLNK
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.
See Also
Before you consider Blink Charging, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Blink Charging wasn't on the list.
While Blink Charging currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
