Blink Charging Co. (NASDAQ:BLNK) has a beta value of 2.45 and has seen 15,729,339 shares traded in the recent trading session. The company, currently valued at $109.31 Million, closed the recent trade at $3.8958 per share which meant it gained $0.87 on the day or 28.81% during that session. The BLNK stock price is -16.54% off its 52-week high price of $4.54 and 67.91% above the 52-week low of $1.25. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.41 Million shares traded. The 3-month trading volume is 507.51 Million shares.
The consensus among analysts is that Blink Charging Co. (BLNK) is a Buy stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 1 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.1.
Blink Charging Co. (NASDAQ:BLNK) trade information
Sporting 32.95% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jun 29 when the BLNK stock price touched $4.54-1 or saw a rise of 15.64%. Year-to-date, Blink Charging Co. shares have moved 105.92%, while the 5-day performance has seen it change 32.53%. Over the past 30 days, the shares of Blink Charging Co. (NASDAQ:BLNK) have changed 126.63%. Short interest in the company has seen 1.86 Million shares shorted with days to cover at 0.
Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could jump 28.34% from current levels. The projected low price target is $5 while the price target rests at a high of $5. In that case, then, we find that the current price level is +28.34% off the targeted high while a plunge would see the stock lose 28.34% from current levels.
Blink Charging Co. (BLNK) estimates and forecasts
Figures show that Blink Charging Co. shares have underperformed across the wider relevant industry. The company’s shares have gained +51% over the past 6 months, with this year growth rate of -2.7%, compared to 7.3% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -11.1% and 20% for the next quarter. Revenue growth from the last financial year stood is estimated to be +132%.
1 analysts offering their estimates for the company have set an average revenue estimate of $1.26 Million for the current quarter. 1 have an estimated revenue figure of $1.65 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $716Million for this quarter, and analysts expect sales will grow by 76% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +52.1% over the past 5 years. Earnings growth for 2020 is a modest +71.7% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Blink Charging Co. (NASDAQ:BLNK)’s Major holders
Insiders own 27.87% of the company shares, while shares held by institutions stand at 5.71% with a share float percentage of 7.91%. Investors are also buoyed by the number of investors in a company, with Blink Charging Co. having a total of 35 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 760.98 Thousand shares worth more than $1.32 Million. As of March 30, 2020, Vanguard Group, Inc. (The) held 3.08% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 382.84 Thousand shares as of March 30, 2020. The firm’s total holdings are worth over $662.31 Thousand and represent 1.55% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of March 30, 2020, the former fund manager holds about 2.11% shares in the company for having 521114 shares of worth $901.53 Thousand while later fund manager owns 201.1 Thousand shares of worth $347.9 Thousand as of March 30, 2020, which makes it owner of about 0.81% of company’s outstanding stock.