Blink Charging Co (NASDAQ:BLNK)’s traded shares stood at 9.09 million during the last session, with the company’s beta value hitting 2.77. At the close of trading, the stock’s price was $3.01, to imply an increase of 1.01% or $0.03 in intraday trading. The BLNK share’s 52-week high remains $8.90, putting it -195.68% down since that peak but still an impressive 27.57% since price per share fell to its 52-week low of $2.18. The company has a valuation of $303.98M, with an average of 9.04 million shares in intraday trading volume over the past 10 days and average of 8.20 million shares over the past 3 months.
Blink Charging Co (NASDAQ:BLNK) trade information
After registering a 1.01% upside in the last session, Blink Charging Co (BLNK) has traded red over the past five days. The stock hit a weekly high of 3.14, jumping 1.01% in its intraday price action. The 5-day price performance for the stock is 14.89%, and -1.95% over 30 days. With these gigs, the year-to-date price performance is -11.21%. Short interest in Blink Charging Co (NASDAQ:BLNK) saw shorts transact 19.55 million shares and set a 2.34 days time to cover.
Blink Charging Co (BLNK) estimates and forecasts
Looking at statistics comparing Blink Charging Co share performance against respective industry, we note that the company has outperformed competitors. Blink Charging Co (BLNK) shares are -1.63% down over the last 6 months, with its year-to-date growth rate higher than industry average at 40.85% against 15.10%. Revenue is forecast to grow 56.60% this quarter before jumping 71.60% for the next one. The rating firms project that company’s revenue will grow 21.30% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is $33.39 million. Meanwhile, for the quarter ending Jun 2024, a total of 5 analyst(s) estimate revenue growth to $41.38 million.Earnings reports from the last fiscal year show that sales brought in $21.92 million and $32.84 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 52.30% before jumping 26.00% in the following quarter.
BLNK Dividends
Blink Charging Co has its next earnings report out between May 07 and May 13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Blink Charging Co has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Blink Charging Co (NASDAQ:BLNK)’s Major holders
Blink Charging Co insiders hold 10.82% of total outstanding shares, with institutional holders owning 30.82% of the shares at 34.56% float percentage. In total, 30.82% institutions holds shares in the company, led by Blackrock Inc.. As of Jun 29, 2023, the company held over 3.9 million shares (or 15.81% of shares), all amounting to roughly $23.37 million.
The next major institution holding the largest number of shares is Vanguard Group Inc with 2.69 million shares, or about 10.89% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $16.1 million.
We also have Vanguard Total Stock Market Index Fund and Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF as the top two Mutual Funds with the largest holdings of the Blink Charging Co (BLNK) shares. Going by data provided on Jun 29, 2023, Vanguard Total Stock Market Index Fund holds roughly 1.62 million shares. This is just over 6.58% of the total shares, with a market valuation of $9.73 million. Data from the same date shows that the other fund manager holds a little less at 1.43 million, or 5.81% of the shares, all valued at about 5.65 million.
