Blink Charging Co (NASDAQ:BLNK)’s traded shares stood at 0.53 million during the latest session, with the company’s beta value hitting 2.66. At the last check today, the stock’s price was $2.06, to imply an increase of 4.04% or $0.08 in intraday trading. The BLNK share’s 52-week high remains $4.66, putting it -126.21% down since that peak but still an impressive 25.73% since price per share fell to its 52-week low of $1.53. The company has a valuation of $208.37M, with an average of 4.36 million shares in intraday trading volume over the past 10 days and average of 4.60 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Blink Charging Co (BLNK), translating to a mean rating of 1.75. Of 4 analyst(s) looking at the stock, 0 analyst(s) give BLNK a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.15.
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Blink Charging Co (NASDAQ:BLNK) trade information
After registering a 4.04% upside in the latest session, Blink Charging Co (BLNK) has traded red over the past five days. The 5-day price performance for the stock is 1.48%, and 24.85% over 30 days. With these gigs, the year-to-date price performance is -39.23%. Short interest in Blink Charging Co (NASDAQ:BLNK) saw shorts transact 26.19 million shares and set a 6.66 days time to cover.
The extremes give us $4 and $50 for target low and target high price respectively. As such, BLNK has been trading -2327.18% off suggested target high and -94.17% from its likely low.
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 -10.82% down over the last 6 months, with its year-to-date growth rate higher than industry average at 52.11% against 33.90%. Revenue is forecast to grow 91.40% this quarter before jumping 54.80% for the next one. The rating firms project that company’s revenue will grow 4.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 35.5M. Meanwhile, for the current quarter, a total of 6 analyst(s) estimate revenue growth to 40.21M.
BLNK Dividends
Blink Charging Co has its next earnings report out on 2024-Nov-07. 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 (NASDAQ:BLNK)’s Major holders
Blink Charging Co insiders hold 5.81% of total outstanding shares, with institutional holders owning 38.26% of the shares at 40.61% float percentage. In total, 38.26% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 6.7 million shares (or 6.7085% of shares), all amounting to roughly $18.36 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 4.36 million shares, or about 4.3635% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $11.94 million.
We also have iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Blink Charging Co (BLNK) shares. Going by data provided on Sep 30, 2024, iShares Russell 2000 ETF holds roughly 2.51 shares. This is just over 10.18% of the total shares, with a market valuation of $5.19 million. Data from the same date shows that the other fund manager holds a little less at 2.15, or 8.69% of the shares, all valued at about 4.43 million.
