Blink Charging Co (NASDAQ: BLNK) stock closed at $3.59 on 12/22/23 after a major increase of 15.8%. Moreover, exceptionally high trading volume at 259% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 11.1% during the last week.
Current PriceTarget Research Rating
BLNK is expected to continue to be a modest Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.
Blink Charging has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Blink Charging has a very high Appreciation Score of 88 but a poor Power Rating of 24, leading to the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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