What's Going On With Blink Charging Stock?
Portfolio Pulse from Erica Kollmann
Blink Charging Co. (NASDAQ:BLNK) shares are trading lower, down more than 11% over the past five days. The company announced it has achieved the 'In Process' designation from FedRAMP for its EV charging solutions and expects full compliance by Q3 2024. Analysts have an average 12-month price target of $5.12, with a high of $7 and a low of $4. The stock is currently trading around its 50-day moving average of $2.87, with 20.19% of shares sold short.
June 17, 2024 | 4:26 pm
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Blink Charging shares are down over 11% in the past five days. The company achieved 'In Process' FedRAMP status and aims for full compliance by Q3 2024. Analysts have an average 12-month price target of $5.12.
The stock is currently trading around its 50-day moving average, and 20.19% of shares are sold short, indicating potential volatility. The FedRAMP 'In Process' status is a positive development, but the market reaction has been negative in the short term. Analysts' price targets suggest potential upside, but the stock's recent performance and high short interest may keep it volatile.
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