Blink Charging Co. [BLNK] is 1120.43% higher this YTD. Is it still time to buy?

Blink Charging Co. [NASDAQ: BLNK] price plunged by -1.30 percent to reach at -$0.3. The company report on December 3, 2020 that Blink Charging To Deploy EV Charging Stations Across Northeast Burger King Locations.

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Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the “Company”), a leading owner, operator, and provider of electric vehicle (EV) charging equipment and services, announced an agreement with JSC Management Group, a large Burger King franchisee, to deploy numerous EV charging stations at key Burger King locations across the Northeast. Blink will maintain ownership of the charging stations deployed at JSC Burger King locations, and additional JSC locations will be added to the Blink network in late 2020/early 2021.

“These new charging stations are a key example of how Blink creates unique solutions for every partner and at every location,” commented Michael D. Farkas, Founder and Chief Executive Officer of Blink. “Blink works with partners to identify not just the types of charging equipment needed, but also the best business model for the partnership – by determining whether operation and ownership should be by Blink, by the partner, or in collaboration.” Through this agreement, JSC will host the Level 2 IQ 200 fast charging stations while Blink will retain ownership and operate the stations.

A sum of 9906462 shares traded at recent session while its average daily volume was at 8.65M shares. Blink Charging Co. shares reached a high of $25.23 and dropped to a low of $22.26 until finishing in the latest session at $22.70.

The one-year BLNK stock forecast points to a potential downside of -51.33. The average equity rating for BLNK stock is currently 2.50, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Blink Charging Co. [BLNK]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BLNK shares is $15.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BLNK stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

H.C. Wainwright have made an estimate for Blink Charging Co. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 14, 2020.

The Average True Range (ATR) for Blink Charging Co. is set at 3.42, with the Price to Sales ratio for BLNK stock in the period of the last 12 months amounting to 147.05. The Price to Book ratio for the last quarter was 43.65, with the Price to Cash per share for the same quarter was set at 0.51.

BLNK Stock Performance Analysis:

Blink Charging Co. [BLNK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.21. With this latest performance, BLNK shares gained by 148.09% in over the last four-week period, additionally plugging by 931.82% over the last 6 months – not to mention a rise of 1140.44% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BLNK stock in for the last two-week period is set at 58.78, with the RSI for the last a single of trading hit 56.15, and the three-weeks RSI is set at 60.39 for Blink Charging Co. [BLNK]. The present Moving Average for the last 50 days of trading for this stock 12.70, while it was recorded at 24.22 for the last single week of trading, and 6.48 for the last 200 days.

Insight into Blink Charging Co. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Blink Charging Co. [BLNK] shares currently have an operating margin of -379.53 and a Gross Margin at -240.92. Blink Charging Co.’s Net Margin is presently recorded at -349.69.

Return on Total Capital for BLNK is now -85.30, given the latest momentum, and Return on Invested Capital for the company is -80.70. Return on Equity for this stock declined to -82.01, with Return on Assets sitting at -57.44. When it comes to the capital structure of this company, Blink Charging Co. [BLNK] has a Total Debt to Total Equity ratio set at 3.84. Additionally, BLNK Total Debt to Total Capital is recorded at 3.70, with Total Debt to Total Assets ending up at 2.39. Long-Term Debt to Equity for the company is recorded at 1.14, with the Long-Term Debt to Total Capital now at 1.10.

Reflecting on the efficiency of the workforce at the company, Blink Charging Co. [BLNK] managed to generate an average of -$144,007 per employee. Receivables Turnover for the company is 14.72 with a Total Asset Turnover recorded at a value of 0.16.Blink Charging Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.60 and a Current Ratio set at 3.10.


With the latest financial reports released by the company, Blink Charging Co. posted -0.11/share EPS, while the average EPS was predicted by analysts to be reported at -0.09/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -22.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BLNK.

Blink Charging Co. [BLNK] Insider Position Details

There are presently around $133 million, or 18.00% of BLNK stock, in the hands of institutional investors. The top three institutional holders of BLNK stocks are: INVESCO LTD. with ownership of 1,879,385, which is approximately New of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 803,941 shares of the stock with an approximate value of $18.25 million in BLNK stocks shares; and AROSA CAPITAL MANAGEMENT LP, currently with $14.17 million in BLNK stock with ownership of nearly New of the company’s market capitalization.

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Positions in Blink Charging Co. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 56 institutional holders increased their position in Blink Charging Co. [NASDAQ:BLNK] by around 4,484,192 shares. Additionally, 14 investors decreased positions by around 220,728 shares, while 2 investors held positions by with 1,172,707 shares. The mentioned changes placed institutional holdings at 5,877,627 shares, according to the latest SEC report filing. BLNK stock had 38 new institutional investments in for a total of 3,796,809 shares, while 11 institutional investors sold positions of 130,943 shares during the same period.

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