In the latest trading session,, 1.34 million Blink Charging Co (NASDAQ:BLNK) shares changed hands as the company’s beta touched 2.82. With the company’s most recent per share price at $2.40 changed hands at -$0.08 or -3.23% at last look, the market valuation stands at $242.37M. BLNK’s current price is a discount, trading about -234.58% off its 52-week high of $8.03. The share price had its 52-week low at $2.18, which suggests the last value was 9.17% up since then. When we look at Blink Charging Co’s average trading volume, we note the 3-month average coming to 7.05 million.
Blink Charging Co (NASDAQ:BLNK) trade information
Instantly BLNK was in red as seen in intraday trades today. With action -10.12%, the performance over the past five days has been red. The drop to weekly highs of 2.74 subtracted -3.23% to the stock’s daily price. The company’s shares are showing year-to-date downside of -29.21%, with the 5-day performance at -10.12% in the red. However, in the 30-day time frame, Blink Charging Co (NASDAQ:BLNK) is -30.03% down. Looking at the short shares, we see there were N/A shares sold at short interest cover period of N/A days.
Blink Charging Co (BLNK) estimates and forecasts
Data shows that the Blink Charging Co share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -22.83% over the past 6 months, a 40.85% in annual growth rate that is considerably higher than the industry average of 15.10%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Blink Charging Co will rise 54.70%, while the growth in revenue is estimated to hit 68.70% for the next quarter. Year-over-year growth is forecast to reach 21.30% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of $33.38 million. 5 analysts are of the opinion that Blink Charging Co’s revenue for the quarter ending Jun 2024 will be $41.37 million. The company’s revenue for the corresponding quarters a year ago was $21.92 million and $32.84 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 52.30%. The estimates for the next quarter sales put growth at 26.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -19.80%. The 2024 estimates are for Blink Charging Co earnings to increase by 76.81%.
