In the last trading session, 2.38 million Blink Charging Co (NASDAQ:BLNK) shares changed hands as the company’s beta touched 2.59. With the company’s per share price at $1.59 changed hands at $0.03 or 1.92% during last session, the market valuation stood at $163.96M. BLNK’s last price was a discount, traded about -181.76% off its 52-week high of $4.48. The share price had its 52-week low at $1.48, which suggests the last value was 6.92% up since then. When we look at Blink Charging Co’s average trading volume, we note the 10-day average is 4.59 million shares, with the 3-month average coming to 4.61 million.
Analysts gave the Blink Charging Co (BLNK) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.14. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended BLNK as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight.
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Blink Charging Co (NASDAQ:BLNK) trade information
Instantly BLNK was in green as seen at the end of in last trading. With action 4.61%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -53.10%, with the 5-day performance at 4.61% in the green. However, in the 30-day time frame, Blink Charging Co (NASDAQ:BLNK) is -23.56% down. Looking at the short shares, we see there were 24.35 million shares sold at short interest cover period of 4.55 days.
The consensus price target for the stock as assigned by Wall Street analysts is 11.5, meaning bulls need an upside of 86.17% from its current market value. According to analyst projections, BLNK’s forecast low is 2 with 50 as the target high. To hit the forecast high, the stock’s price needs a -3044.65% plunge from its current level, while the stock would need to soar -25.79% for it to hit the projected low.
Blink Charging Co (BLNK) estimates and forecasts
Data shows that the Blink Charging Co share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -48.87% over the past 6 months, a 1.41% in annual growth rate that is considerably lower than the industry average of 32.80%.
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 59.66%.
BLNK Dividends
Blink Charging Co is expected to release its next quarterly earnings report in January.
Blink Charging Co (NASDAQ:BLNK)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.80% of Blink Charging Co shares while 37.89% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 40.23%. There are 37.89% institutions holding the Blink Charging Co stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 6.7085% of the shares, roughly 6.7 million BLNK shares worth $18.36 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.3635% or 4.36 million shares worth $11.94 million as of 2024-06-30.
