Blink Charging Co. [BLNK] is -21.82% lower this YTD. Is it still time to buy?

Related

Blink Charging Co. [NASDAQ: BLNK] price surged by 5.09 percent to reach at $1.62. The company report on October 28, 2021 that BLINK CHARGING TO HOST THIRD QUARTER 2021 RESULTS CONFERENCE CALL.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the “Company”), a leading owner, operator, and provider of electric vehicle (EV) charging equipment and services, will announce its third quarter 2021 financial results on Thursday, November 11, 2021, following the close of the financial markets. The Company will host a conference call and webcast that day at 4:30 p.m. Eastern Time to discuss the Company’s results for the third quarter ended September 30, 2021.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


To access the live webcast, please click here or visit the Company’s investor relations website at ir.blinkcharging.com and click on the News & Events section to access the link.

A sum of 4337240 shares traded at recent session while its average daily volume was at 1.52M shares. Blink Charging Co. shares reached a high of $34.18 and dropped to a low of $32.43 until finishing in the latest session at $33.42.

The one-year BLNK stock forecast points to a potential upside of 1.71. 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 $34.00 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.

Stifel have made an estimate for Blink Charging Co. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 19, 2021. While these analysts kept the previous recommendation, DA Davidson raised their target price to Neutral. The new note on the price target was released on August 27, 2021, representing the official price target for Blink Charging Co. stock. Previously, the target price had yet another raise to $37, while ROTH Capital analysts kept a Neutral rating on BLNK stock.

The Average True Range (ATR) for Blink Charging Co. is set at 1.65, with the Price to Sales ratio for BLNK stock in the period of the last 12 months amounting to 132.50. The Price to Book ratio for the last quarter was 6.00, with the Price to Cash per share for the same quarter was set at 4.99.

BLNK Stock Performance Analysis:

Blink Charging Co. [BLNK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.56. With this latest performance, BLNK shares gained by 18.18% in over the last four-week period, additionally sinking by -5.22% over the last 6 months – not to mention a rise of 330.67% 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 67.54, with the RSI for the last a single of trading hit 75.01, and the three-weeks RSI is set at 61.59 for Blink Charging Co. [BLNK]. The present Moving Average for the last 50 days of trading for this stock 29.84, while it was recorded at 30.46 for the last single week of trading, and 36.19 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 -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 18.80 and a Current Ratio set at 19.40.

BLNK Stock EPS

With the latest financial reports released by the company, Blink Charging Co. posted -0.12/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 -33.30%. 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 $538 million, or 40.60% 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 3,277,141, which is approximately 33.061% of the company’s market cap and around 3.40% of the total institutional ownership; BLACKROCK INC., holding 2,355,144 shares of the stock with an approximate value of $78.71 million in BLNK stocks shares; and VANGUARD GROUP INC, currently with $57.22 million in BLNK stock with ownership of nearly 12.434% of the company’s market capitalization.

>> 7 Top Picks for the Post-Pandemic Economy <<

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 122 institutional holders increased their position in Blink Charging Co. [NASDAQ:BLNK] by around 7,062,183 shares. Additionally, 72 investors decreased positions by around 2,525,546 shares, while 42 investors held positions by with 6,517,310 shares. The mentioned changes placed institutional holdings at 16,105,039 shares, according to the latest SEC report filing. BLNK stock had 64 new institutional investments in for a total of 1,689,965 shares, while 44 institutional investors sold positions of 1,916,767 shares during the same period.