In today’s recent session, 0.39 million shares of the Blink Charging Co (NASDAQ:BLNK) have been traded, and its beta is 2.94. Most recently the company’s share price was $1.02, and it changed around -$0.01 or -0.97% from the last close, which brings the market valuation of the company to $103.20M. BLNK at last check was trading at a discount to its 52-week high of $3.75, offering almost -267.65% off that amount. The share price’s 52-week low was $0.87, which indicates that the recent value has risen by an impressive 14.71% since then. We note from Blink Charging Co’s average daily trading volume that its 10-day average is 4.14 million shares, with the 3-month average coming to 4.32 million.
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 -0.12 for the current quarter.
Blink Charging Co (NASDAQ:BLNK) trade information
Instantly BLNK has been showing red trend so far today with a performance of -0.97% on intraday trading today. 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 5.56%. The company’s shares are currently down -26.62% year-to-date, but still down -0.97% over the last five days. On the other hand, Blink Charging Co (NASDAQ:BLNK) is 3.85% up in the 30-day period. We can see from the shorts that 25.32 million shares have been sold at a short interest cover period of 6.22 day(s).
The consensus price target as assigned by Wall Street analysts is $1.75, which translates to bulls needing to increase their stock price by 41.71% 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 1.20%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 27.74M in revenue for the current quarter. 5 analysts expect Blink Charging Co to make 29.94M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 37.57M and 33.26M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -26.16%. Forecasts for the next quarter put sales growth at -9.98%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -39.82%. Blink Charging Co earnings are expected to increase by 75.40% in 2025, but the outlook is positive 55.85% per year for the next five years.
Blink Charging Co (NASDAQ:BLNK)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.93% of Blink Charging Co shares, and 34.04% of them are in the hands of institutional investors. The stock currently has a share float of 36.19%. Blink Charging Co stock is held by 208.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 6.7085% of the shares, which is about 6.7 million shares worth $18.36 million.
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.
SPDR S&P Kensho New Economies Composite ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Feb 28, 2025. The former held 2.92 shares worth $2.99 million, making up 11.82% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 2.87 shares worth around $2.94 million, which represents about 11.61% of the total shares outstanding.
