Blink Charging Co (NASDAQ: BLNK) is -25.66% lower on its value in year-to-date trading and has touched a low of $2.18 and a high of $8.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BLNK stock was last observed hovering at around $2.39 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $2.52, the stock is -16.19% and -10.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.0 million and changing 5.44% at the moment leaves the stock -35.33% off its SMA200. BLNK registered -66.80% loss for a year compared to 6-month loss of -19.75%. The firm has a 50-day simple moving average (SMA 50) of $1.08 and a 200-day simple moving average (SMA200) of -$1.62.
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The stock witnessed a -12.80% gain in the last 1 month and extending the period to 3 months gives it a -18.71%, and is -7.18% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.80% over the week and 8.08% over the month.
Blink Charging Co (BLNK) has around 706 employees, a market worth around $254.49M and $140.60M in sales. Profit margin for the company is -144.88%. Distance from 52-week low is 15.60% and -71.69% from its 52-week high. The company has generated returns on investments over the last 12 months (-68.68%).
Blink Charging Co quarterly earnings per share for the current quarter are estimated at -$0.23 with sales reaching $33.39M over the same period.The EPS is expected to grow by 76.81% this year, but quarterly earnings will post 21.30% year-over-year. Quarterly sales are estimated to grow 52.30% in year-over-year returns.
Blink Charging Co (BLNK) Top Institutional Holders
231 institutions hold shares in Blink Charging Co (BLNK), with institutional investors hold 34.56% of the company’s shares. The shares outstanding are 92.82M, and float is at 90.93M with Short Float at 20.16%. Institutions hold 30.82% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 3.9 million shares valued at $23.37 million. The investor’s holdings represent 15.81% of the BLNK Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 2.69 million shares valued at $16.1 million to account for 10.89% of the shares outstanding. The other top investors are State Street Corporation which holds 1.99 million shares representing 8.07% and valued at over $11.93 million, while Great-West Life Assurance Company holds 7.31% of the shares totaling 1.8 million with a market value of $10.8 million.
Blink Charging Co (BLNK) Insider Activity
The most recent transaction is an insider sale by FARKAS MICHAEL D,the company’sFormer Director Chairman & CEO. SEC filings show that FARKAS MICHAEL D sold 52,000 shares of the company’s common stock on Sep 28 ’23 at a price of $3.04 per share for a total of $0.16 million. Following the sale, the insider now owns 2.58 million shares.
Blink Charging Co disclosed in a document filed with the SEC on Sep 27 ’23 that FARKAS MICHAEL D (Former Director Chairman & CEO) sold a total of 26,000 shares of the company’s common stock. The trade occurred on Sep 27 ’23 and was made at $3.14 per share for $81692.0. Following the transaction, the insider now directly holds 2.63 million shares of the BLNK stock.
Still, SEC filings show that on Sep 26 ’23, FARKAS MICHAEL D (Former Director Chairman & CEO) disposed off 26,000 shares at an average price of $3.02 for $78546.0. The insider now directly holds 2,656,616 shares of Blink Charging Co (BLNK).
