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Blink Charging Co’s Banking’s 100-Day Moving Average at 3.02: Will the Stock Break Through?

The market performance of Blink Charging Co has been somewhat unstable. Over the past year, the company’s stock achieved a high of $8.71 on 04/04/23, with the lowest value for the same timeframe being $2.18, recorded on 01/18/24.

52-week price history of BLNK Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Blink Charging Co’s current trading price is -68.08% away from its 52-week high, while its distance from the 52-week low is 27.52%. The stock’s price range during this period has fluctuated between $2.18 and $8.71. Shares of the company, which operates in the Industrials sector, recorded a trading volume of around 2.06 million for the day, which was evidently lower than the average daily volume of 7.8 million over the last three months.

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Financial Performance and Market Capitalization

Blink Charging Co (BLNK) has experienced a quarterly decline of -12.30% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 280.75M and boasts a workforce of 706 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 3.02, with a change in price of +0.18. Similarly, Blink Charging Co recorded 8,099,535 in trading volume during the last 100 days, posting a change of +6.76%.

BLNK Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for BLNK stands at 0.06. Similarly, the long-term debt-to-equity ratio is also 0.02.

BLNK Stock Stochastic Average

Blink Charging Co’s raw stochastic average for the past 50 days is currently at 38.93%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 34.08%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 41.75% and 48.54%, respectively.

BLNK Stock Price Performance Analysis

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a loss of -17.99%.However, over the last six months, we can see a stronger performance of -8.55%. Over the last 30 days, the price of BLNK has leaped by -8.55%. And in the last five days, it has surged by 6.92%.

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