Blink Charging Co [NASDAQ: BLNK] traded at a low on Wednesday, posting a -0.97 loss after which it closed the day’ session at $1.53.
The results of the trading session contributed to over 4461562 shares changing hands. Over the past one week, the price volatility of Blink Charging Co stands at 6.69% while the volatility over the past one month is 7.50%.
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
The market cap for BLNK stock reached $155.30 million, with 101.17 million shares outstanding and 95.23 million shares in the current float. Compared to the average trading volume of 4.61M shares, BLNK reached a trading volume of 4461562 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 $4.25 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 2.14. 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 Hold, with their previous recommendation back on November 19, 2024. While these analysts kept the previous recommendation, UBS dropped their target price from $3 to $2. The new note on the price target was released on November 14, 2024, representing the official price target for Blink Charging Co stock. Previously, the target price had yet another raise to $5, while The Benchmark Company analysts kept a Buy rating on BLNK stock.
The Average True Range (ATR) for Blink Charging Co is set at 0.14, with the Price to Sales ratio for BLNK stock in the period of the last 12 months amounting to 1.12. The Price to Book ratio for the last quarter was 0.80, with the Price to Cash per share for the same quarter was set at 0.64.
How has BLNK stock performed recently?
Blink Charging Co [BLNK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.17. With this latest performance, BLNK shares dropped by -26.20% in over the last four-week period, additionally sinking by -53.06% over the last 6 months – not to mention a drop of -60.74% 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 37.01, with the RSI for the last a single of trading hit 33.47, and the three-weeks RSI is set at 39.40 for Blink Charging Co [BLNK]. The present Moving Average for the last 50 days of trading for this stock 1.8739, while it was recorded at 1.5590 for the last single week of trading, and 2.5524 for the last 200 days.
Blink Charging Co [BLNK]: Deeper insight into the fundamentals
Blink Charging Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.85 and a Current Ratio set at 2.52.
Insider trade positions for Blink Charging Co [BLNK]
There are presently around $35.73%, or 37.93%% 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%.
