Blink Charging Co (NASDAQ:BLNK) price on current trading day, rose 2.54% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.99.
A look at the stock’s price movement, the close in the last trading session was $0.97. Turning to its 52-week performance, $3.75 and $0.89 were the 52-week high and 52-week low respectively. Overall, BLNK moved -19.20% over the past month.
Blink Charging Co’s market cap currently stands at around $100.56 million, with investors looking forward to this quarter’s earnings report slated for in March.
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 -9.91% and -25.34% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 30.33, while 7-day volatility ratio is 7.66% and 7.04% in the 30-day chart. Further, Blink Charging Co (BLNK) has a beta value of 2.87, and an average true range (ATR) of 0.08. Analysts have given the company’s stock an average 52-week price target of $1.75, forecast between a low of $1.5 and high of $2. Looking at the price targets, the low is -51.52% off current price level while to achieve the yearly target high, price needs to move -102.02%. Nonetheless, investors will most likely welcome a -76.77% jump to $1.75 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 million over the past 3 months. The company’s latest data on shares outstanding shows there are 101.15 million shares.
The 8.82% of Blink Charging Co’s shares are in the hands of company insiders while institutional holders own 33.82% of the company’s shares. Current price change has pushed the stock -28.50% 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.
