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Check out this: Blink Charging Co (BLNK) could be on the verge of a big rally

Blink Charging Co (NASDAQ: BLNK) is -12.09% 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 $3.01 in the last trading session, with the day’s loss setting it -0.03%.

Currently trading at $2.98, the stock is 1.54% and 5.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.54 million and changing -1.00% at the moment leaves the stock -22.06% off its SMA200. BLNK registered -62.98% loss for a year compared to 6-month gain of -2.30%. The firm has a 50-day simple moving average (SMA 50) of $1.41 and a 200-day simple moving average (SMA200) of -$2.12.

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The stock witnessed a -6.29% loss in the last 1 month and extending the period to 3 months gives it a -19.24%, and is 24.69% up 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 7.83% over the week and 8.08% over the month.

Blink Charging Co (BLNK) has around 706 employees, a market worth around $300.95M and $140.60M in sales. Profit margin for the company is -144.88%. Distance from 52-week low is 36.70% and -66.52% 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 $33.38M 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 21.50%. 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).

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