Blink Charging Co [NASDAQ: BLNK] gained 1.62% on the last trading session, reaching $1.01 price per share at the time.
If compared to the average trading volume of 4.48M shares, BLNK reached a trading volume of 5007790 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 $3.81 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 2.25. 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 0.08, with the Price to Sales ratio for BLNK stock in the period of the last 12 months amounting to 0.74. The Price to Book ratio for the last quarter was 0.53, with the Price to Cash per share for the same quarter was set at 0.64.
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 -4.72. With this latest performance, BLNK shares dropped by -13.68% in over the last four-week period, additionally sinking by -51.44% over the last 6 months – not to mention a drop of -67.94% 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 32.88, with the RSI for the last a single of trading hit 33.71, and the three-weeks RSI is set at 34.15 for Blink Charging Co [BLNK]. The present Moving Average for the last 50 days of trading for this stock 1.3196, while it was recorded at 0.9961 for the last single week of trading, and 2.0875 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 1.85 and a Current Ratio set at 2.52.
Blink Charging Co [BLNK]: An earnings per share (EPS) analysis
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Blink Charging Co go to 56.66%.
An analysis of Institutional ownership at Blink Charging Co [BLNK]
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 4.0669%.
