In the last trading session, 1.0 million shares of the Blink Charging Co (NASDAQ:BLNK) were traded, and its beta was 2.98. Most recently the company’s share price was $0.88, and it changed around -$0.03 or -2.44% from the last close, which brings the market valuation of the company to $89.39M. BLNK currently trades at a discount to its 52-week high of $3.75, offering almost -326.14% off that amount. The share price’s 52-week low was $0.89, which indicates that the current value has fallen by an impressive -1.14% since then.
Blink Charging Co stock received a consensus recommendation rating of Hold, based on a mean score of 2.25. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 5 recommended BLNK as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Blink Charging Co is expected to report earnings per share of -0.16 for the current quarter.
Blink Charging Co (NASDAQ:BLNK) trade information
Instantly BLNK has showed a red trend with a performance of -2.44% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.0800 on recent trading dayincreased the stock’s daily price by 18.52%. The company’s shares are currently down -36.43% year-to-date, but still down -8.84% over the last five days. On the other hand, Blink Charging Co (NASDAQ:BLNK) is -27.57% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $1.75, which translates to bulls needing to increase their stock price by 49.71% from its current value. Analyst projections state that BLNK is forecast to be at a low of $1.5 and a high of $2.
Blink Charging Co (BLNK) estimates and forecasts
The year-over-year growth rate is expected to be -9.84%, down from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 30.74M in revenue for the current quarter. 5 analysts expect Blink Charging Co to make 34.43M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 42.71M and 37.57M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -28.03%. Forecasts for the next quarter put sales growth at -8.35%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -19.80%. Blink Charging Co earnings are expected to increase by 55.94% in 2025, but the outlook is positive 56.66% per year for the next five years.
Blink Charging Co (NASDAQ:BLNK)’s Major holders
VANGUARD GROUP INC, with 4.3635% or 4.36 million shares worth $11.94 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 3.28 shares worth $2.86 million, making up 13.27% of all outstanding shares. On the other hand, SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF held roughly 2.89 shares worth around $2.52 million, which represents about 11.72% of the total shares outstanding.
