In last trading session, Blink Charging Co (NASDAQ:BLNK) saw 12.27 million shares changing hands with its beta currently measuring 2.87. Company’s recent per share price level of $0.98 trading at -$0.03 or -3.27% at ring of the bell on the day assigns it a market valuation of $98.85M. That closing price of BLNK’s stock is at a discount of -282.65% from its 52-week high price of $3.75 and is indicating a premium of 11.22% from its 52-week low price of $0.87. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.79 million shares which gives us an average trading volume of 4.35 million if we extend that period to 3-months.
For Blink Charging Co (BLNK), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.25. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.16 in the current quarter.
Blink Charging Co (NASDAQ:BLNK) trade information
Upright in the red during last session for losing -3.27%, in the last five days BLNK remained trading in the red while hitting it’s week-highest on Thursday, 03/06/25 when the stock touched $0.98 price level, adding 11.71% to its value on the day. Blink Charging Co’s shares saw a change of -29.71% in year-to-date performance and have moved -0.31% in past 5-day. Blink Charging Co (NASDAQ:BLNK) showed a performance of -8.69% in past 30-days. Number of shares sold short was 25.32 million shares which calculate 6.22 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 1.75 to the stock, which implies a rise of 44.0% to its current value. Analysts have been projecting 1.5 as a low price target for the stock while placing it at a high target of 2. It follows that stock’s current price would drop -53.06% in reaching the projected high whereas dropping to the targeted low would mean a loss of -53.06% for stock’s current value.
Blink Charging Co (BLNK) estimates and forecasts
This year revenue growth is estimated to fall -9.84% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 30.74M for the same. And 5 analysts are in estimates of company making revenue of 34.43M in the next quarter. Company posted 42.71M and 37.57M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -19.80% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 55.94% while estimates for its earnings growth in next 5 years are of 56.66%.
Blink Charging Co (NASDAQ:BLNK)’s Major holders
Insiders are in possession of 5.93% of company’s total shares while institution are holding 34.03 percent of that, with stock having share float percentage of 36.17%. Investors also watch the number of corporate investors in a company very closely, which is 34.03% institutions for Blink Charging Co that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at BLNK for having 6.7 million shares of worth $18.36 million. And as of 2024-06-30, it was holding 6.7085 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 4.36 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.3635 of outstanding shares, having a total worth of $11.94 million.
