Blink Charging Co (NASDAQ:BLNK) price on current trading day, fall -0.32% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.58.
A look at the stock’s price movement, the close in the last trading session was $1.59, moving within a range at $1.55 and $1.63. The beta value (5-Year monthly) was 2.65. Turning to its 52-week performance, $4.48 and $1.48 were the 52-week high and 52-week low respectively. Overall, BLNK moved -26.51% over the past month.
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Blink Charging Co’s market cap currently stands at around $159.85 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 30.77M for the company’s revenue for the quarter, with a low and high estimate of 25.5M and 38.99M respectively. The average forecast suggests down to a -27.96% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 126.8M, representing a -9.82% decline 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 -2.77% and -13.84% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.29, while 7-day volatility ratio is 4.32% and 6.97% in the 30-day chart. Further, Blink Charging Co (BLNK) has a beta value of 2.59, and an average true range (ATR) of 0.11. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $2 and high of $4. Looking at the price targets, the low is -26.58% off current price level while to achieve the yearly target high, price needs to move -153.16%. Nonetheless, investors will most likely welcome a -89.87% jump to $3 which is the analysts’ median price.
If we refocus on Blink Charging Co (NASDAQ:BLNK), historical trading data shows that trading volumes averaged 4.03 over the past 10 days and 4.54 million over the past 3 months. The company’s latest data on shares outstanding shows there are 101.15 million shares.
The 5.88% of Blink Charging Co’s shares are in the hands of company insiders while institutional holders own 35.71% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 24.35 million on 2024-11-15, giving us a short ratio of 4.55. The data shows that as of 2024-11-15 short interest in Blink Charging Co (BLNK) stood at 2553.0002000000004 of shares outstanding, with shares short falling to 24.94 million registered in 2024-10-15. Current price change has pushed the stock -53.39% 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.
