Blink Charging Co (NASDAQ:BLNK) has a beta value of 2.61 and has seen 6.6 million shares traded in the last trading session. The company, currently valued at $169.97M, closed the last trade at $1.68 per share which meant it gained $0.01 on the day or 0.60% during that session. The BLNK stock price is -123.21% off its 52-week high price of $3.75 and 17.86% above the 52-week low of $1.38. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.82 million shares traded. The 3-month trading volume is 4.94 million shares.
The consensus among analysts is that Blink Charging Co (BLNK) is Buy stock at the moment, with a recommendation rating of 2.14. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 4 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.14.
Blink Charging Co (NASDAQ:BLNK) trade information
Sporting 0.60% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the BLNK stock price touched $1.68 or saw a rise of 7.69%. Year-to-date, Blink Charging Co shares have moved 20.86%, while the 5-day performance has seen it change 15.07%. Over the past 30 days, the shares of Blink Charging Co (NASDAQ:BLNK) have changed 6.33%. Short interest in the company has seen 23.0 million shares shorted with days to cover at 4.73.
Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could jump 44.0% from current levels. The projected low price target is $2.0 while the price target rests at a high of $4.0. In that case, then, we find that the current price level is -138.1% off the targeted high while a plunge would see the stock gain -19.05% from current levels.
Blink Charging Co (BLNK) estimates and forecasts
Figures show that Blink Charging Co shares have underperformed across the wider relevant industry. The company’s shares have lost -41.46% over the past 6 months, with this year growth rate of 1.41%, compared to 32.90% for the industry. Revenue growth from the last financial year stood is estimated to be -9.82%.
6 analysts offering their estimates for the company have set an average revenue estimate of 30.77M for the current quarter. 5 have an estimated revenue figure of 34.43M for the next ending quarter. Year-ago sales stood 42.71M and 37.57M respectively for this quarter and the next, and analysts expect sales will shrink by -27.96% for the current quarter and -9.82% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -19.80% over the past 5 years.
BLNK Dividends
Blink Charging Co is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Blink Charging Co (NASDAQ:BLNK)’s Major holders
Insiders own 5.80% of the company shares, while shares held by institutions stand at 35.87% with a share float percentage of 38.07%. Investors are also buoyed by the number of investors in a company, with Blink Charging Co having a total of 206.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 6.7 million shares worth more than $18.36 million. As of 2024-06-30, BLACKROCK INC. held 6.7085% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 4.36 million shares as of 2024-06-30. The firm’s total holdings are worth over $11.94 million and represent 4.3635% of shares outstanding.
