Blink Charging Co (NASDAQ:BLNK) price on current trading day, rose 0.60% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.68.
A look at the stock’s price movement, the close in the last trading session was $1.67, moving within a range at $1.63 and $1.71. The beta value (5-Year monthly) was 2.663. Turning to its 52-week performance, $4.66 and $1.53 were the 52-week high and 52-week low respectively. Overall, BLNK moved -1.75% over the past month.
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Blink Charging Co’s market cap currently stands at around $169.93 million, with investors looking forward to this quarter’s earnings report slated for in November.
Analysts have a consensus estimate of 36.11M for the company’s revenue for the quarter, with a low and high estimate of 34M and 38.17M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 147.43M, representing a 4.90% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BLNK is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 2 recommend BLNK as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BLNK’s current price about -2.61% and -21.90% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.33, while 7-day volatility ratio is 5.99% and 6.10% in the 30-day chart. Further, Blink Charging Co (BLNK) has a beta value of 2.67, and an average true range (ATR) of 0.12. Analysts have given the company’s stock an average 52-week price target of $11.75, forecast between a low of $4 and high of $50. Looking at the price targets, the low is -138.1% off current price level while to achieve the yearly target high, price needs to move -2876.19%. Nonetheless, investors will most likely welcome a -599.4% jump to $11.75 which is the analysts’ median price.
If we refocus on Blink Charging Co (NASDAQ:BLNK), historical trading data shows that trading volumes averaged 3.99 over the past 10 days and 4.69 million over the past 3 months. The company’s latest data on shares outstanding shows there are 101.15 million shares.
The 5.86% of Blink Charging Co’s shares are in the hands of company insiders while institutional holders own 35.86% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 25.31 million on 2024-09-13, giving us a short ratio of 5.89. The data shows that as of 2024-09-13 short interest in Blink Charging Co (BLNK) stood at 2654.9998 of shares outstanding, with shares short falling to 26.33 million registered in 2024-08-15. Current price change has pushed the stock -50.44% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BLNK stock continues to rise going into the next quarter.
