The closing price of Blink Charging Co. (NASDAQ: BLNK) was $7.45 for the day, up 1.64% from the previous closing price of $7.33. In other words, the price has increased by $+0.12 from its previous closing price. On the day, 1396523 shares were traded.
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Ratios:
Our analysis of BLNK’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.50 and its Current Ratio is at 3.20. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 04 when FARKAS MICHAEL D sold 396,998 shares for $8.35 per share. The transaction valued at 3,316,839 led to the insider holds 2,525,931 shares of the business.
FARKAS MICHAEL D sold 143,634 shares of BLNK for $1,552,684 on Feb 16. The Chairman & CEO now owns 1,884,433 shares after completing the transaction at $10.81 per share. On Dec 28, another insider, LEVINE JACK, who serves as the Director of the company, bought 10,000 shares for $10.22 each. As a result, the insider paid 102,200 and bolstered with 131,641 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BLNK now has a Market Capitalization of 420.85M and an Enterprise Value of 389.78M. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.30 while its Price-to-Book (P/B) ratio in mrq is 1.26. Its current Enterprise Value per Revenue stands at 5.34 whereas that against EBITDA is -4.28.
Stock Price History:
Over the past 52 weeks, BLNK has reached a high of $26.95, while it has fallen to a 52-week low of $6.67. The 50-Day Moving Average of the stock is 7.44, while the 200-Day Moving Average is calculated to be 13.09.
Shares Statistics:
BLNK traded an average of 2.10M shares per day over the past three months and 1.54M shares per day over the past ten days. A total of 56.47M shares are outstanding, with a floating share count of 41.25M. Insiders hold about 5.00% of the company’s shares, while institutions hold 28.80% stake in the company. Shares short for BLNK as of Apr 27, 2023 were 13.85M with a Short Ratio of 13.85M, compared to 12.95M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 22.64% and a Short% of Float of 26.30%.
Earnings Estimates
The firm’s stock currently is rated by 9 analysts. On average, analysts expect EPS of -$0.48 for the current quarter, with a high estimate of -$0.35 and a low estimate of -$0.54, while EPS last year was -$0.52. The consensus estimate for the next quarter is -$0.47, with high estimates of -$0.34 and low estimates of -$0.53.
Analysts are recommending an EPS of between -$1.62 and -$2.13 for the fiscal current year, implying an average EPS of -$1.93. EPS for the following year is -$1.55, with 8 analysts recommending between -$1.23 and -$1.81.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 9 analysts. It ranges from a high estimate of $25.1M to a low estimate of $22.2M. As of the current estimate, Blink Charging Co.’s year-ago sales were $11.49M, an estimated increase of 108.10% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $26.64M, an increase of 73.20% less than the figure of $108.10% in the same quarter last year. There is a high estimate of $27.79M for the next quarter, whereas the lowest estimate is $25M.
A total of 9 analysts have provided revenue estimates for BLNK’s current fiscal year. The highest revenue estimate was $107.7M, while the lowest revenue estimate was $100M, resulting in an average revenue estimate of $103.07M. In the same quarter a year ago, actual revenue was $61.14M, up 68.60% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $152.38M in the next fiscal year. The high estimate is $172.9M and the low estimate is $131.9M. The average revenue growth estimate for next year is up 47.80% from the average revenue estimate for this year.
