$BLNK Blink Charging Co Looks Ready To Move
$BLNK has popped up on our radar screen. The stock is now trading above its 20, 50 and 200 day moving averages.
At $3.04 a share, it looks to be a buy with a stop below the 200 day moving average of $2.58 on a closing basis.
The company has been putting out press releases, which is always a good thing.
The fundamentals also look quite attractive.
Market cap: $79 million
Enterprise value: $64 million
Cash on hand: $15.59 million
Debt: $438,000
Insiders own: 28.85%
ABOUT BLINK CHARGING
Blink Charging Co. owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based software that operates, maintains, and tracks various Blink EV charging stations and associated charging data, as well as provides property owners, managers, and parking companies with cloud-based services that enable the remote monitoring and management of EV charging stations and payment processing; and vital station information, including station location, availability, and applicable fees. In addition, the company provides EV charging hardware, site recommendations, and maintenance services. It has strategic partnerships across transit/destination locations, including airports, auto dealers, healthcare/medicals, hotels, mixed-use, municipal locations, multifamily residential and condos, parks and recreation areas, parking lots, religious institutions, restaurants, retailers, schools and universities, stadiums, supermarkets, transportation hubs, and workplace locations. The company offers its services through field sales force and reseller partners. As of March 25, 2019, it had approximately 14,583 charging stations. It has a strategic partnership with Hubject GmbH. The company was formerly known as Car Charging Group, Inc. and changed its name to Blink Charging Co. in August 2017. Blink Charging Co. is headquartered in Miami Beach, Florida.
As always, use protective stops and trade with caution.
Good luck to all!
At $3.04 a share, it looks to be a buy with a stop below the 200 day moving average of $2.58 on a closing basis.
The company has been putting out press releases, which is always a good thing.
The fundamentals also look quite attractive.
Market cap: $79 million
Enterprise value: $64 million
Cash on hand: $15.59 million
Debt: $438,000
Insiders own: 28.85%
ABOUT BLINK CHARGING
Blink Charging Co. owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based software that operates, maintains, and tracks various Blink EV charging stations and associated charging data, as well as provides property owners, managers, and parking companies with cloud-based services that enable the remote monitoring and management of EV charging stations and payment processing; and vital station information, including station location, availability, and applicable fees. In addition, the company provides EV charging hardware, site recommendations, and maintenance services. It has strategic partnerships across transit/destination locations, including airports, auto dealers, healthcare/medicals, hotels, mixed-use, municipal locations, multifamily residential and condos, parks and recreation areas, parking lots, religious institutions, restaurants, retailers, schools and universities, stadiums, supermarkets, transportation hubs, and workplace locations. The company offers its services through field sales force and reseller partners. As of March 25, 2019, it had approximately 14,583 charging stations. It has a strategic partnership with Hubject GmbH. The company was formerly known as Car Charging Group, Inc. and changed its name to Blink Charging Co. in August 2017. Blink Charging Co. is headquartered in Miami Beach, Florida.
As always, use protective stops and trade with caution.
Good luck to all!
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We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/