Blink Charging Co. (NASDAQ:BLNK) price closed lower on Monday, September 13, dropping -2.81% below its previous close.
A look at the daily price movement shows that the last close reads $30.65, with intraday deals fluctuated between $28.69 and $31.34. The company’s 5Y monthly beta was ticking 4.20. Taking into account the 52-week price action we note that the stock hit a 52-week high of $64.50 and 52-week low of $5.96. The stock subtracted -12.61% on its value in the past month.
Blink Charging Co., which has a market valuation of $1.31 billion, is expected to release its quarterly earnings report Nov 10, 2021 – Nov 15, 2021. Analysts tracking BLNK have forecast the quarterly EPS to shrink by -0.28 per share this quarter, while the same analysts predict the annual EPS to hit -$1.06 for the year 2021 and up to -$0.94 for 2022. In this case, analysts estimate an annual EPS growth of -79.70% for the year and 11.30% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $4.34 million, with the likely lows of $3.25 million and highs of $5 million. Staying with the analyst view, there is a consensus estimate of $16.38 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 162.90% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give BLNK a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 6 analysts have assigned BLNK a recommendation rating as follows: 3 rate it as a Hold; 3 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Blink Charging Co. (BLNK) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that BLNK’s price is at present -6.07% off the SMA20 and -10.37% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 39.07, with weekly volatility standing at 6.17%. The indicator jumps to 5.36% when calculated based on the past 30 days. Blink Charging Co. (NASDAQ:BLNK)’s beta value is holding at 4.18, while the average true range (ATR) indicator is currently reading 1.91. Considering analysts have assigned the stock a price target range of $31.00-$40.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $36.40. Based on this estimate, we see that current price is roughly -4.06% off the estimated low and -34.27% off the forecast high. Investors will no doubt be excited to see the share price fall to $37.00, which is the median consensus price, and at that level BLNK would be -24.2% from current price.
Turning out attention to how the Blink Charging Co. stock has performed in comparison to its peers in the industry, here’s what we find: BLNK’s stock is -2.81% on the day and 391.58% in the past 12 months. Another comparison is with AMREP Corporation (AXR) whose stock price was down -4.15% in the last trading session, and has flourished 230.04% over the past year. Elsewhere in the market, the S&P 500 Index has rallied 0.23% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.76%.
An analysis of the Blink Charging Co. (NASDAQ:BLNK) stock in terms of its daily trading volume indicates that the 3-month average is 1.66 million.
Current records show that the company has 42.04M in outstanding shares. The insiders’ percentage holdings are 3.10% of outstanding shares while the percentage share held by institutions stands at 40.10%. But the -30.32% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.