During the last session, Blink Charging Co. (NASDAQ:BLNK)’s traded shares were 2,521,854, with the beta value of the company hitting 4.26. At the end of the trading day, the stock’s price was $40.64, reflecting an intraday loss of -5.36% or -$2.3. The 52-week high for the BLNK share is $64.5, that puts it down -58.71% from that peak though still a striking +96.19% gain since the share price plummeted to a 52-week low of $1.55. The company’s market capitalization is $1.7 Billion, and the average intraday trading volume over the past 10 days was 4.73 Million shares, and the average trade volume was 8.93 Million shares over the past three months.

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Blink Charging Co. (BLNK) received a consensus recommendation of Overweight from analysts. That translates to a mean rating of 2.2. BLNK has a Sell rating from none of the analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while none of them suggest Overweight, and 3 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.18.

Blink Charging Co. (NASDAQ:BLNK): Trading Information

Blink Charging Co. (BLNK) registered a -5.36% downside in the last session and has traded in the green over the past 5 sessions. The stock spiked 8.45% in intraday trading to $44.39 this Thursday, Apr 01, hitting a weekly high. The stock’s 5-day price performance is 9.9%, and it has moved by 34.88% in 30 days. Based on these gigs, the overall price performance for the year is -4.94%. The short interest in Blink Charging Co. (NASDAQ:BLNK) is 13.29 Million shares and it means that shorts have 1.49 day(s) to cover.

The consensus price target of analysts on Wall Street is $52, which implies an increase of 27.95% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $38 and $60 respectively. As a result, BLNK is trading at a discount of 47.64% off the target high and -6.5% off the low.

Blink Charging Co. (BLNK) projections and forecasts

Statistics show that Blink Charging Co. has outperformed its competitors in share price, compared to the industry in which it operates. Blink Charging Co. (BLNK) shares have gone up +265.8% during the last six months, with a year-to-date growth rate more than the industry average at 10.17% against 4%. Yet analysts are winding down their growth forecast for the fiscal year 2021. Revenue is predicted to decline -63.6% this quarter and then fall -36.4% in the quarter after that. In the rating firms’ projections, revenue will increase 57% compared to the previous financial year.

Revenue for the current quarter is expected to be $1.67 Million as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $2.04 Million by the end of June 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.19 Million and $1.57 Million respectively. In this case, analysts expect current quarter sales to grow by 40.3% and then jump by 29.9% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 52.1%. While earnings are projected to return 71.7% in 2021, the next five years will return 0% per annum.

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Blink Charging Co. (NASDAQ:BLNK)’s Biggest Investors

Blink Charging Co. insiders own 14.02% of total outstanding shares while institutional holders control 18.73%, with the float percentage being 21.78%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 140 institutions own stock in it. As of Dec 30, 2020, the company held over 1.08 Million shares (or 4.36% of all shares), a total value of $45.96 Million in shares.

The next largest institutional holding, with 1.05 Million shares, is of State Street Corporation’s that is approximately 4.25% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $44.83 Million.

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Also, the Mutual Funds coming in first place with the largest holdings of Blink Charging Co. (BLNK) shares are Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Vanguard Total Stock Market Index Fund. Data provided on Feb 27, 2021 indicates that Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF owns about 1,071,845 shares. This amounts to just over 4.34 percent of the company’s overall shares, with a $40.99 Million market value. The same data shows that the other fund manager holds slightly less at 656.25 Thousand, or about 2.66% of the stock, which is worth about $28.05 Million.

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