Blink Charging Co [NASDAQ: BLNK] price plunged by -5.33 percent to reach at -$0.12.
The one-year BLNK stock forecast points to a potential upside of 51.15. The average equity rating for BLNK stock is currently 1.57, trading closer to a bullish pattern in the stock market.
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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 $4.36 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 1.57. 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 0.13, with the Price to Sales ratio for BLNK stock in the period of the last 12 months amounting to 1.37. The Price to Book ratio for the last quarter was 0.77, with the Price to Cash per share for the same quarter was set at 0.73.
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 2.40. With this latest performance, BLNK shares gained by 23.84% in over the last four-week period, additionally sinking by -15.81% over the last 6 months – not to mention a drop of -8.97% 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 57.02, with the RSI for the last a single of trading hit 57.37, and the three-weeks RSI is set at 54.35 for Blink Charging Co [BLNK]. The present Moving Average for the last 50 days of trading for this stock 1.89, while it was recorded at 2.14 for the last single week of trading, and 2.60 for the last 200 days.
Insight into Blink Charging Co Fundamentals:
Blink Charging Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.82.
BLNK Stock EPS
With the latest financial reports released by the company, Blink Charging Co posted -1.74/share EPS, while the average EPS was predicted by analysts to be reported at -0.46/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1.28. 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] Institutonal Ownership Details
There are presently around $38.15%, or 40.51%% of BLNK stock, in the hands of institutional investors. The top three institutional holders of BLNK stocks are: BLACKROCK INC. with ownership of 6.7 million shares, which is approximately 6.7085%. VANGUARD GROUP INC, holding 4.36 million shares of the stock with an approximate value of $$11.94 million in BLNK stocks shares; and VANGUARD GROUP INC, currently with $$11.26 million in BLNK stock with ownership which is approximately 4.112%.
