Market Analysts see Blink Charging Co. [BLNK] gaining to $38. Time to buy?

Blink Charging Co. [NASDAQ: BLNK] traded at a high on 04/28/21, posting a 6.83 gain after which it closed the day’ session at $39.55. The company report on April 27, 2021 that Blink Charging Names Seasoned EV Charging Executive Harjinder Bhade as Chief Technology Officer.

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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 the appointment of seasoned renewables and EV charging executive, Harjinder Bhade, as Chief Technology Officer. The appointment of Mr. Bhade signals the Company’s focus on aggressive development of its product line-up and technology infrastructure.

Mr. Bhade boasts impressive experience as a senior executive and an entrepreneurial leader with a proven track record of success in the renewables and EV charging industries. Most recently, Mr. Bhade spent more than six years as Chief Technology Officer and Senior Vice President of Engineering at Engie Storage, a battery-based energy storage solutions provider. He redefined the Company’s product strategy and built their GridSynergy platform from the ground up. Before that, he was a Founder and Vice President of Software Engineering at ChargePoint, an EV charging infrastructure company, where he also served as a Member of ChargePoint’s advisory board. Mr. Bhade is an instrumental force in the EV charging industry, having helped to develop the intellectual property behind networked charging infrastructure.

The results of the trading session contributed to over 7588119 shares changing hands. Over the past one week, the price volatility of Blink Charging Co. stands at 8.68% while the volatility over the past one month is 9.35%.

The market cap for BLNK stock reached $1.56 billion, with 33.60 million shares outstanding and 30.89 million shares in the current float. Compared to the average trading volume of 6.21M shares, BLNK reached a trading volume of 7588119 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $41.25 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 2.20. 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.

Cowen have made an estimate for Blink Charging Co. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 09, 2021. While these analysts kept the previous recommendation, ROTH Capital raised their target price to Buy. The new note on the price target was released on February 05, 2021, representing the official price target for Blink Charging Co. stock.

The Average True Range (ATR) for Blink Charging Co. is set at 3.49, with the Price to Sales ratio for BLNK stock in the period of the last 12 months amounting to 251.59. The Price to Book ratio for the last quarter was 48.83, with the Price to Cash per share for the same quarter was set at 0.57.

How has BLNK stock performed recently?

Blink Charging Co. [BLNK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.38. With this latest performance, BLNK shares gained by 13.16% in over the last four-week period, additionally plugging by 394.37% over the last 6 months – not to mention a rise of 2199.42% 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 53.03, with the RSI for the last a single of trading hit 57.27, and the three-weeks RSI is set at 51.28 for Blink Charging Co. [BLNK]. The present Moving Average for the last 50 days of trading for this stock 38.32, while it was recorded at 37.37 for the last single week of trading, and 25.63 for the last 200 days.

Blink Charging Co. [BLNK]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Blink Charging Co. [BLNK] shares currently have an operating margin of -281.47 and a Gross Margin at -185.18. Blink Charging Co.’s Net Margin is presently recorded at -286.45.

Return on Total Capital for BLNK is now -96.24, given the latest momentum, and Return on Invested Capital for the company is -101.21. Return on Equity for this stock declined to -103.16, with Return on Assets sitting at -77.70. When it comes to the capital structure of this company, Blink Charging Co. [BLNK] has a Total Debt to Total Equity ratio set at 5.74. Additionally, BLNK Total Debt to Total Capital is recorded at 5.43, with Total Debt to Total Assets ending up at 4.59. Long-Term Debt to Equity for the company is recorded at 2.14, with the Long-Term Debt to Total Capital now at 2.03.

Reflecting on the efficiency of the workforce at the company, Blink Charging Co. [BLNK] managed to generate an average of -$196,115 per employee. Receivables Turnover for the company is 22.46 with a Total Asset Turnover recorded at a value of 0.27.Blink Charging Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.90 and a Current Ratio set at 4.20.

Earnings analysis for Blink Charging Co. [BLNK]

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.

Insider trade positions for Blink Charging Co. [BLNK]

There are presently around $305 million, or 18.80% of BLNK stock, in the hands of institutional investors. The top three institutional holders of BLNK stocks are: VANGUARD GROUP INC with ownership of 1,075,130, which is approximately 33.732% of the company’s market cap and around 3.60% of the total institutional ownership; STATE STREET CORP, holding 1,048,769 shares of the stock with an approximate value of $41.48 million in BLNK stocks shares; and INVESCO LTD., currently with $32.85 million in BLNK stock with ownership of nearly -55.808% 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 May and at the time of the May reporting period, where 98 institutional holders increased their position in Blink Charging Co. [NASDAQ:BLNK] by around 4,288,383 shares. Additionally, 40 investors decreased positions by around 2,657,086 shares, while 13 investors held positions by with 761,654 shares. The mentioned changes placed institutional holdings at 7,707,123 shares, according to the latest SEC report filing. BLNK stock had 74 new institutional investments in for a total of 2,491,478 shares, while 16 institutional investors sold positions of 304,952 shares during the same period.

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