Blink Charging Co [NASDAQ: BLNK] gained 0.98% or 0.01 points to close at $1.03 with a heavy trading volume of 3748681 shares.
It opened the trading session at $1.03, the shares rose to $1.1 and dropped to $1.015, the range by which the price of stock traded the whole day. The daily chart for BLNK points out that the company has recorded -38.32% loss over the past six months.
If we look at the average trading volume of 3.35M shares, BLNK reached to a volume of 3748681 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 $2.33 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.
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 Price to Book ratio for the last quarter was 1.03, with the Price to Cash per share for the same quarter was set at 0.41.
Trading performance analysis for BLNK stock
Blink Charging Co [BLNK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.57. With this latest performance, BLNK shares gained by 8.95% in over the last four-week period, additionally sinking by -38.32% over the last 6 months – not to mention a drop of -25.90% in the past year of trading.
Blink Charging Co [BLNK]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Blink Charging Co [BLNK] shares currently have an operating margin of -67.73% and a Gross Margin at -25.63%. Blink Charging Co’s Net Margin is presently recorded at -184.37%.
Return on Equity for this stock declined to -66.82%, with Return on Assets sitting at -66.82%.
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 48.04%.
An analysis of Institutional ownership at Blink Charging Co [BLNK]
There are presently around $33.21%, or 33.63% 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 6.6349%. 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%.
