In the last trading session, 2.97 million shares of the Blink Charging Co (NASDAQ:BLNK) were traded, and its beta was 2.79. Most recently the company’s share price was $2.81, and it changed around -$0.17 or -5.70% from the last close, which brings the market valuation of the company to $283.78M. BLNK currently trades at a discount to its 52-week high of $8.71, offering almost -209.96% off that amount. The share price’s 52-week low was $2.18, which indicates that the current value has risen by an impressive 22.42% since then. We note from Blink Charging Co’s average daily trading volume that its 10-day average is 7.46 million shares, with the 3-month average coming to 7.90 million.
Blink Charging Co stock received a consensus recommendation rating of Buy, based on a mean score of 2.14. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended BLNK as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Blink Charging Co is expected to report earnings per share of -$0.23 for the current quarter.
Blink Charging Co (NASDAQ:BLNK) trade information
Instantly BLNK has showed a red trend with a performance of -5.70% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -17.11% year-to-date, but still up 11.51% over the last five days. On the other hand, Blink Charging Co (NASDAQ:BLNK) is -13.00% down in the 30-day period. We can see from the shorts that 19.55 million shares have been sold at a short interest cover period of 2.34 day(s).
The consensus price target as assigned by Wall Street analysts is $25.33, which translates to bulls needing to increase their stock price by 88.91% from its current value. Analyst projections state that BLNK is forecast to be at a low of $7 and a high of $50.
Blink Charging Co (BLNK) estimates and forecasts
Blink Charging Co share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -8.17 percent over the past six months and at a 40.85% annual growth rate that is well above the industry average of 15.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 56.60% in revenue this quarter, and will report an increase of 71.60% in the next quarter. The year-over-year growth rate is expected to be 21.30%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of $33.38 million in revenue for the current quarter. 5 analysts expect Blink Charging Co to make $41.37 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $21.92 million and $32.84 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 52.30%. Forecasts for the next quarter put sales growth at 26.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -19.80%.
BLNK Dividends
Blink Charging Co’s next quarterly earnings report is expected to be released around May 07 and May 13.
Blink Charging Co (NASDAQ:BLNK)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.82% of Blink Charging Co shares, and 30.82% of them are in the hands of institutional investors. The stock currently has a share float of 34.56%. Blink Charging Co stock is held by 231 institutions, with Blackrock Inc. being the largest institutional investor. By Jun 29, 2023, it held 15.81% of the shares, which is about 3.9 million shares worth $23.37 million.
Vanguard Group Inc, with 10.89% or 2.69 million shares worth $16.1 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF were the top two Mutual Funds as of Jun 29, 2023. The former held 1.62 million shares worth $9.73 million, making up 6.58% of all outstanding shares. On the other hand, Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF held roughly 1.43 million shares worth around $5.65 million, which represents about 5.81% of the total shares outstanding.
