In the last trading session, 4,541,556 shares of the Blink Charging Co.(NASDAQ:BLNK) were traded, and its beta was 4.3. Most recently the company’s share price was $46.01, and it changed around $1.48 or 0.03% from the last close, which brings the market valuation of the company to $1.91 Billion. BLNK currently trades at a discount to its 52-week high of $64.5, offering almost -40.19% off that amount. The share price’s 52-week low was $1.25, which indicates that the current value has risen by an impressive 97.28% since then. We note from Blink Charging Co.’s average daily trading volume that its 10-day average is 7.08 Million shares, with the 3-month average coming to 14.78 Million.
Blink Charging Co. stock received a consensus recommendation rating of Buy, based on a mean score of 2.3. If we narrow it down even further, the data shows that none out of 2 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended BLNK as a Hold, whereas 2 deemed it a Buy, and no one rated it as Underweight. Blink Charging Co. is expected to report earnings per share of -$0.11 for the current quarter.
Blink Charging Co. (NASDAQ:BLNK): Trading Information
Instantly BLNK has showed a green trend with a performance of 3.32% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $53.84 on Tuesday, Feb 16 increased the stock’s daily price by 14.54%. The company’s shares are currently up 0.08% year-to-date, but still down -0.1069 over the last five days. On the other hand, Blink Charging Co. (NASDAQ:BLNK) is -0.01% down in the 30-day period. We can see from the shorts that 8.7 Million shares have been sold at a short interest cover period of 0.59 day(s).
The consensus price target as assigned by Wall Street analysts is $63.5, which translates to bears needing to increase their stock price by 38.01% from its current value. Analyst projections state that BLNK is forecast to be at a low of $60 and a high of $67. In order for the stock price to hit the forecast high, the stock would need to surge +45.62% from its current level, while the stock would need to crash 30.41% from its current level to reach the projected low.
Blink Charging Co. (BLNK) projections and forecasts
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $1.5 Million in revenue for the current quarter. 2 analysts expect Blink Charging Co. to make $1.75 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $702Million and $1.19 Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 113.7%. Forecasts for the next quarter put sales growth at 47.1%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 52.1%. Blink Charging Co. earnings are expected to increase by 71.7% in 2021, but the outlook is negative 0% per year for the next five years.
Blink Charging Co. (NASDAQ:BLNK)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 20.88% of Blink Charging Co. shares, and 17.96% of them are in the hands of institutional investors. The stock currently has a share float of 22.71%. Blink Charging Co. stock is held by 69 institutions, with Invesco Ltd. being the largest institutional investor. By Sep 29, 2020, it held 7.62% of the shares, which is about 1.88 Million shares worth $19.38 Million.
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