During the last session, Blink Charging Co (NASDAQ:BLNK)’s traded shares were 0.67 million, with the beta value of the company hitting 2.63. At the end of the trading day, the stock’s price was $1.52, reflecting an intraday loss of -1.23% or -$0.01. The 52-week high for the BLNK share is $4.48, that puts it down -194.74 from that peak though still a striking 2.63% gain since the share price plummeted to a 52-week low of $1.48. The company’s market capitalization is $153.39M, and the average intraday trading volume over the past 10 days was 6.36 million shares, and the average trade volume was 4.63 million shares over the past three months.
Blink Charging Co (BLNK) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.14. BLNK has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.14.
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Blink Charging Co (NASDAQ:BLNK) trade information
Blink Charging Co (BLNK) registered a -1.23% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.23% in intraday trading to $1.52, hitting a weekly high. The stock’s 5-day price performance is -5.83%, and it has moved by -23.43% in 30 days. Based on these gigs, the overall price performance for the year is -58.46%. The short interest in Blink Charging Co (NASDAQ:BLNK) is 24.72 million shares and it means that shorts have 5.57 day(s) to cover.
The consensus price target of analysts on Wall Street is $11.5, which implies an increase of 86.78% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $50 respectively. As a result, BLNK is trading at a discount of -3189.47% off the target high and -31.58% off the low.
Blink Charging Co (BLNK) estimates and forecasts
Statistics show that Blink Charging Co has underperformed its competitors in share price, compared to the industry in which it operates. Blink Charging Co (BLNK) shares have gone down -51.41% during the last six months, with a year-to-date growth rate less than the industry average at 1.41% against 32.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 50.00% this quarter and then jump 7.69% in the quarter after that. In the rating firms’ projections, revenue will decrease -9.82% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 30.77M as predicted by 6 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 34.43M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 42.71M and 37.57M respectively. In this case, analysts expect current quarter sales to shrink by -27.96% and then drop by -8.35% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -19.80%. While earnings are projected to return 59.66% in 2024.
BLNK Dividends
Blink Charging Co is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Blink Charging Co (NASDAQ:BLNK)’s Major holders
Blink Charging Co insiders own 5.80% of total outstanding shares while institutional holders control 35.79%, with the float percentage being 37.99%. BLACKROCK INC. is the largest shareholder of the company, while 207.0 institutions own stock in it. As of 2024-06-30, the company held over 6.7 million shares (or 6.7085% of all shares), a total value of $18.36 million in shares.
The next largest institutional holding, with 4.36 million shares, is of VANGUARD GROUP INC’s that is approximately 4.3635% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $11.94 million.
Also, the Mutual Funds coming in first place with the largest holdings of Blink Charging Co (BLNK) shares are iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund. Data provided on Sep 30, 2024 indicates that iShares Russell 2000 ETF owns about 2.51 shares. This amounts to just over 10.18 percent of the company’s overall shares, with a $3.87 million market value. The same data shows that the other fund manager holds slightly less at 2.15, or about 8.69% of the stock, which is worth about $3.3 million.
