In the latest trading session, 0.77 million Blink Charging Co (NASDAQ:BLNK) shares changed hands as the company’s beta touched 3.15. With the company’s most recent per share price at $0.86 changing hands around $0.03 or 3.78% at last look, the market valuation stands at $86.91M. BLNK’s current price is a discount, trading about -336.05% off its 52-week high of $3.75. The share price had its 52-week low at $0.76, which suggests the last value was 11.63% up since then. When we look at Blink Charging Co’s average trading volume, we note the 10-day average is 2.57 million shares, with the 3-month average coming to 4.01 million.
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 -0.12.
Blink Charging Co (NASDAQ:BLNK) trade information
Instantly BLNK is in green as seen in intraday trades today. With action -6.40%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -38.20%, with the 5-day performance at -6.40% in the red. However, in the 30-day time frame, Blink Charging Co (NASDAQ:BLNK) is -17.40% down. Looking at the short shares, we see there were 23.94 million shares sold at short interest cover period of 5.44 days.
The consensus price target for the stock as assigned by Wall Street analysts is 1.75, meaning bulls need an upside of 50.86% 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 -132.56% plunge from its current level, while the stock would need to soar -74.42% for it to hit the projected low.
Blink Charging Co (BLNK) estimates and forecasts
Year-over-year growth is forecast to reach 0.16% up 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 27.6M. 6 analysts are of the opinion that Blink Charging Co’s revenue for the current quarter will be 29.71M. The company’s revenue for the corresponding quarters a year ago was 37.57M and 33.26M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -26.52%. The estimates for the next quarter sales put growth at -10.67%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -39.82%. The 2025 estimates are for Blink Charging Co earnings to increase by 75.21%, but the outlook for the next 5-year period is at 55.85% per year.
Blink Charging Co (NASDAQ:BLNK)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.93% of Blink Charging Co shares while 33.95% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 36.09%. There are 33.95% institutions holding the Blink Charging Co stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 6.6349% of the shares, roughly 6.7 million BLNK shares worth $18.36 million.
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 Feb 28, 2025 were SPDR SERIES TRUST-SPDR S&P Kensho New Economies Composite ETF and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund. With 2.92 shares estimated at $2.35 million under it, the former controlled 11.82% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held about 11.61% of the shares, roughly 2.87 shares worth around $2.31 million.
