In today’s recent session, 2.03 million shares of the Blink Charging Co (NASDAQ:BLNK) have been traded, and its beta is 2.66. Most recently the company’s share price was $1.86, and it changed around -$0.1 or -5.36% from the last close, which brings the market valuation of the company to $187.63M. BLNK at last check was trading at a discount to its 52-week high of $4.66, offering almost -150.54% off that amount. The share price’s 52-week low was $1.53, which indicates that the recent value has risen by an impressive 17.74% since then. We note from Blink Charging Co’s average daily trading volume that its 10-day average is 4.26 million shares, with the 3-month average coming to 4.70 million.

Blink Charging Co stock received a consensus recommendation rating of Buy, based on a mean score of 1.75. 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 -0.16 for the current quarter.

Blink Charging Co (NASDAQ:BLNK) trade information

Instantly BLNK has been showing red trend so far today with a performance of -5.36% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.9900 on recent trading dayincreased the stock’s daily price by 6.53%. The company’s shares are currently down -45.28% year-to-date, but still up 7.85% over the last five days. On the other hand, Blink Charging Co (NASDAQ:BLNK) is 18.15% up in the 30-day period. We can see from the shorts that 25.31 million shares have been sold at a short interest cover period of 5.89 day(s).

The consensus price target as assigned by Wall Street analysts is $11.75, which translates to bulls needing to increase their stock price by 84.17% from its current value. Analyst projections state that BLNK is forecast to be at a low of $4 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 -30.52 percent over the past six months and at a 52.11% annual growth rate that is well above the industry average of 24.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 90.80% in revenue this quarter, and will report an increase of 54.80% in the next quarter. The year-over-year growth rate is expected to be 4.90%, up from the previous year.

Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 36.11M in revenue for the current quarter. 6 analysts expect Blink Charging Co to make 40.5M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at -5.20%.

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 on 2024-Nov-07.

Blink Charging Co (NASDAQ:BLNK)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 5.81% of Blink Charging Co shares, and 38.27% of them are in the hands of institutional investors. The stock currently has a share float of 40.63%. Blink Charging Co stock is held by 218.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 6.7085% of the shares, which is about 6.7 million shares worth $18.36 million.

VANGUARD GROUP INC, with 4.3635% or 4.36 million shares worth $11.94 million as of 2024-06-30, holds the second largest percentage of outstanding shares.