Market Analysts see Blink Charging Co. [BLNK] gaining to $39. Time to buy?

Blink Charging Co. [NASDAQ: BLNK] traded at a high on 08/05/21, posting a 3.72 gain after which it closed the day’ session at $35.40. The company report on August 5, 2021 that Blink Charging Deploys EV Charging Stations Across Greenlight Communities in Arizona.

– Agreement with the Arizona based developer will have 58 Blink owned EV charging stations deployed in new multifamily residential properties across the Phoenix metro area.

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 a five-year agreement with two five-year extensions with Greenlight Communities, LLC, an Arizona-based residential property developer. After installations are completed, there will be a total of 58 Blink owned EV charging stations at Greenlight multifamily residential communities across the Phoenix metro area in Arizona.

The results of the trading session contributed to over 2149853 shares changing hands. Over the past one week, the price volatility of Blink Charging Co. stands at 6.11% while the volatility over the past one month is 6.76%.

The market cap for BLNK stock reached $1.47 billion, with 41.14 million shares outstanding and 36.27 million shares in the current float. Compared to the average trading volume of 2.00M shares, BLNK reached a trading volume of 2149853 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 $42.00 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 2.20. 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.

Needham have made an estimate for Blink Charging Co. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 11, 2021. While these analysts kept the previous recommendation, Cowen raised their target price to Outperform. The new note on the price target was released on March 09, 2021, representing the official price target for Blink Charging Co. stock. Previously, the target price had yet another raise to $67, while ROTH Capital analysts kept a Buy rating on BLNK stock.

The Average True Range (ATR) for Blink Charging Co. is set at 2.27, with the Price to Sales ratio for BLNK stock in the period of the last 12 months amounting to 204.39. The Price to Book ratio for the last quarter was 5.99, with the Price to Cash per share for the same quarter was set at 5.58.

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 3.96. With this latest performance, BLNK shares gained by 1.40% in over the last four-week period, additionally sinking by -30.59% over the last 6 months – not to mention a rise of 180.95% 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 52.71, with the RSI for the last a single of trading hit 57.91, and the three-weeks RSI is set at 50.60 for Blink Charging Co. [BLNK]. The present Moving Average for the last 50 days of trading for this stock 36.69, while it was recorded at 34.40 for the last single week of trading, and 34.91 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 34.50 and a Current Ratio set at 35.00.

Insider trade positions for Blink Charging Co. [BLNK]

There are presently around $420 million, or 30.00% of BLNK stock, in the hands of institutional investors. The top three institutional holders of BLNK stocks are: FIRST TRUST ADVISORS LP with ownership of 2,462,885, which is approximately 907.876% of the company’s market cap and around 3.20% of the total institutional ownership; VANGUARD GROUP INC, holding 1,522,656 shares of the stock with an approximate value of $53.9 million in BLNK stocks shares; and STATE STREET CORP, currently with $36.36 million in BLNK stock with ownership of nearly -2.061% 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 August and at the time of the August reporting period, where 112 institutional holders increased their position in Blink Charging Co. [NASDAQ:BLNK] by around 6,172,888 shares. Additionally, 61 investors decreased positions by around 2,107,005 shares, while 33 investors held positions by with 3,573,991 shares. The mentioned changes placed institutional holdings at 11,853,884 shares, according to the latest SEC report filing. BLNK stock had 61 new institutional investments in for a total of 1,695,879 shares, while 32 institutional investors sold positions of 626,636 shares during the same period.

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