Blink Charging Co (NASDAQ:BLNK) does about 8.98M shares in volume on a normal day but saw 9268634 shares change hands in Friday trading. The company now has a market cap of 241.37M USD. Its current market price is $2.39, marking a decrease of -8.78% compared to the previous close of $2.62. The 52 week high reached by this stock is $8.90 whilst the lowest price level in 52 weeks is $2.18.
Blink Charging Co (BLNK) has a 20-day trading average at $3.01 and the current price is -73.15% off the 52-week high compared with 9.63% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.81 and its 200-day simple moving average is $3.90. If we look at the stock’s price movements over the week, volatility stands at 8.49%, which decreases to 8.16% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 36.55 to suggest the stock is neutral.
The consensus objective for the share price is $7.14, suggesting that the stock has a potential upside of 66.53% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 08, 2024 when Needham upgraded the stock to “Buy” and issued a price target of $7. Barclays initiated its price target at $11.
Blink Charging Co (BLNK) stock is down -18.15% over the week and -17.87% over the past month. Its price is -29.50% year-to-date and -67.70% over the past year.
BLNK’s earnings per share are forecast to grow by 76.90% this year and 56.80% over next year. Expected sales for next quarter are $40.75 million, which analysts say will come at $168.12 million for the current fiscal year and next year at $226.63 million. In addition, estimates put the company’s current quarterly revenue at an average of $32.93 million.
To reach the target analysts have set, the stock logically needs to grow 66.53 percent from here.
Outstanding shares total 92.82M with insiders holding 10.82% of the shares and institutional holders owning 30.82% of the company’s common stock. The company has a return on investment of -68.68% and return on equity of -74.02%. The beta has a value of 2.76. Price to book ratio is 0.77 and price to sales ratio is 1.72.
