Blink Charging Co (NASDAQ: BLNK) is -56.05% lower on its value in year-to-date trading and has touched a low of $1.45 and a high of $4.48 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 $1.46 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $1.49, the stock is -6.04% and -16.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.0 million and changing 2.05% at the moment leaves the stock -37.89% off its SMA200. BLNK registered -51.15% loss for a year compared to 6-month loss of -45.62%. The firm has a 50-day simple moving average (SMA 50) of $1.7852 and a 200-day simple moving average (SMA200) of $2.398825.
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The stock witnessed a -2.93% gain in the last 1 month and extending the period to 3 months gives it a -11.83%, and is -3.87% 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 7.90% over the week and 6.61% over the month.
Blink Charging Co (BLNK) has around 706 employees, a market worth around $153.85M and $138.73M in sales. Profit margin for the company is -104.02%. Distance from 52-week low is 2.76% and -66.74% from its 52-week high. The company has generated returns on investments over the last 12 months (-71.38%).
with sales reaching $30.77M over the same period.The EPS is expected to grow by 59.66% this year, but quarterly earnings will post -9.82% year-over-year. Quarterly sales are estimated to shrink -27.96% in year-over-year returns.
Blink Charging Co (BLNK) Top Institutional Holders
207.0 institutions hold shares in Blink Charging Co (BLNK), with institutional investors hold 38.06% of the company’s shares. The shares outstanding are 101.15M, and float is at 95.23M with Short Float at 25.27%. Institutions hold 35.85% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.7 million shares valued at $18.36 million. The investor’s holdings represent 6.7085% of the BLNK Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.36 million shares valued at $11.94 million to account for 4.3635 of the shares outstanding. The other top investors are STATE STREET CORP which holds 4.11 million shares representing 4.112% and valued at over $11.26 million, while GREAT WEST LIFE ASSURANCE CO /CAN/ holds 2.2538 of the shares totaling 2.25 million with a market value of $6.15 million.
Blink Charging Co (BLNK) Insider Activity
The most recent transaction is an insider purchase by LEVINE JACK, the company’s Director. SEC filings show that LEVINE JACK bought 20,000 shares of the company’s common stock on Sep 26 ’24 at a price of $1.70 per share for a total of $34000.0. Following the purchase, the insider now owns 0.18 million shares.
Blink Charging Co disclosed in a document filed with the SEC on Sep 19 ’24 that Peterson Kristina A. (Director) sold a total of 24,077 shares of the company’s common stock. The trade occurred on Sep 19 ’24 and was made at $1.80 per share for $43377.0. Following the transaction, the insider now directly holds 0.0 shares of the BLNK stock.
Still, SEC filings show that on Jun 25 ’24, Peterson Kristina A. (Director) disposed off 4,510 shares at an average price of $2.77 for $12515.0. The insider now directly holds 0 shares of Blink Charging Co (BLNK).
