H.C. Wainwright analyst Sameer Joshi initiated coverage with a Buy rating on Blink Charging Co (BLNK) today and set a price target of $5. The company’s shares closed yesterday at $2.06, close to its 52-week low of $1.28.
The word on The Street in general, suggests a Hold analyst consensus rating for Blink Charging Co.
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Blink Charging Co’s market cap is currently $52.66M and has a P/E ratio of 1.31. The company has a Price to Book ratio of 3.02.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BLNK in relation to earlier this year.
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Blink Charging Co. engages in the public electric vehicle charging equipment and services. It offers residential and commercial electric vehicle charging equipment. The company was founded by Michael D. Farkas and Eric Greenberg on October 3, 2006 and is headquartered in Hollywood, FL.
