Blink Charging Co [NASDAQ: BLNK] loss -6.99% or -0.23 points to close at $3.06 with a heavy trading volume of 4481868 shares.
The daily chart for BLNK points out that the company has recorded 27.50% gains over the past six months.
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If we look at the average trading volume of 5.15M shares, BLNK reached to a volume of 4481868 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $6.05 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 2.00. 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.
The Benchmark Company have made an estimate for Blink Charging Co shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 31, 2024. The new note on the price target was released on January 08, 2024, representing the official price target for Blink Charging Co stock. Previously, the target price had yet another raise to $7, while UBS analysts kept a Buy rating on BLNK stock.
The Average True Range (ATR) for Blink Charging Co is set at 0.24, with the Price to Sales ratio for BLNK stock in the period of the last 12 months amounting to 1.98. The Price to Book ratio for the last quarter was 1.04, with the Price to Cash per share for the same quarter was set at 0.92.
Trading performance analysis for BLNK stock
Blink Charging Co [BLNK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.13. With this latest performance, BLNK shares gained by 16.79% in over the last four-week period, additionally plugging by 27.50% over the last 6 months – not to mention a drop of -51.74% 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 46.90, with the RSI for the last a single of trading hit 43.29, and the three-weeks RSI is set at 48.68 for Blink Charging Co [BLNK]. The present Moving Average for the last 50 days of trading for this stock 3.09, while it was recorded at 3.25 for the last single week of trading, and 2.95 for the last 200 days.
Blink Charging Co [BLNK]: A deeper dive into fundamental analysis
Blink Charging Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.28 and a Current Ratio set at 2.94.
An analysis of Institutional ownership at Blink Charging Co [BLNK]
The top three institutional holders of BLNK stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in BLNK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in BLNK stock with ownership which is approximately 5.1238%.
