In the latest trading session, 1.66 million Blink Charging Co (NASDAQ:BLNK) shares changed hands as the company’s beta touched 2.86. With the company’s most recent per share price at $0.93 changed hands at -$0.05 or -5.23% at last look, the market valuation stands at $94.17M. BLNK’s current price is a discount, trading about -303.23% off its 52-week high of $3.75. The share price had its 52-week low at $0.92, which suggests the last value was 1.08% up since then.
Analysts gave the Blink Charging Co (BLNK) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.25. 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. Blink Charging Co’s EPS for the current quarter is expected to be -0.16.
Blink Charging Co (NASDAQ:BLNK) trade information
Instantly BLNK was in red as seen in intraday trades today. With action -15.38%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -33.04%, with the 5-day performance at -15.38% in the red. However, in the 30-day time frame, Blink Charging Co (NASDAQ:BLNK) is -28.40% down.
The consensus price target for the stock as assigned by Wall Street analysts is 1.75, meaning bulls need an upside of 46.86% from its recent market value. According to analyst projections, BLNK’s forecast low is 1.5 with 2 as the target high. To hit the forecast high, the stock’s price needs a -115.05% plunge from its current level, while the stock would need to soar -61.29% for it to hit the projected low.
Blink Charging Co (BLNK) estimates and forecasts
Year-over-year growth is forecast to reach -9.82% down from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 30.77M. 5 analysts are of the opinion that Blink Charging Co’s revenue for the current quarter will be 34.43M. The company’s revenue for the corresponding quarters a year ago was 42.71M and 37.57M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -27.96%. The estimates for the next quarter sales put growth at -8.35%.
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 2025 estimates are for Blink Charging Co earnings to increase by 55.97%, but the outlook for the next 5-year period is at 56.66% per year.
Blink Charging Co (NASDAQ:BLNK)’s Major holders
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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 3.28 shares estimated at $3.07 million under it, the former controlled 13.27% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 10.92% of the shares, roughly 2.7 shares worth around $2.53 million.
