Blink Charging Co (NASDAQ:BLNK) price on Tuesday, December 24, rose 2.01% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.52.
A look at the stock’s price movement, the close in the last trading session was $1.49, moving within a range at $1.49 and $1.55. The beta value (5-Year monthly) was 2.65. Turning to its 52-week performance, $4.48 and $1.42 were the 52-week high and 52-week low respectively. Overall, BLNK moved -0.65% over the past month.
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Blink Charging Co’s market cap currently stands at around $156.89 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 -3.72% and -13.92% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.10, while 7-day volatility ratio is 7.30% and 6.52% in the 30-day chart. Further, Blink Charging Co (BLNK) has a beta value of 2.60, 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 -31.58% off current price level while to achieve the yearly target high, price needs to move -163.16%. Nonetheless, investors will most likely welcome a -97.37% 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 4.47 over the past 10 days and 4.89 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 35.63% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 24.06 million on 2024-11-29, giving us a short ratio of 4.53. The data shows that as of 2024-11-29 short interest in Blink Charging Co (BLNK) stood at 2523.0000000000005 of shares outstanding, with shares short falling to 24.72 million registered in 2024-10-31. Current price change has pushed the stock -55.16% 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.
