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The closing price of Blink Charging Co (NASDAQ: BLNK) was $0.92 for the day, down -8.55% from the previous closing price of $1.01. In other words, the price has decreased by -$8.55 from its previous closing price. On the day, 17.74 million shares were traded. BLNK stock price reached its highest trading level at $1.04 during the session, while it also had its lowest trading level at $0.9236.
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 1.47 and its Current Ratio is at 2.15. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.06.
On November 14, 2024, UBS Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $3 to $2.
On July 31, 2024, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $5.The Benchmark Company initiated its Buy rating on July 31, 2024, with a $5 target price.
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 Sep 26 ’24 when LEVINE JACK bought 20,000 shares for $1.70 per share. The transaction valued at 34,000 led to the insider holds 175,718 shares of the business.
Peterson Kristina A. sold 24,077 shares of BLNK for $43,377 on Sep 19 ’24. The Director now owns 0 shares after completing the transaction at $1.80 per share.
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 94869424 and an Enterprise Value of 63181544. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.87 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 0.578 whereas that against EBITDA is -1.136.
Stock Price History:
The Beta on a monthly basis for BLNK is 3.24, which has changed by -0.65522385 over the last 52 weeks, in comparison to a change of 0.12748289 over the same period for the S&P500. Over the past 52 weeks, BLNK has reached a high of $3.75, while it has fallen to a 52-week low of $0.63. The 50-Day Moving Average of the stock is 16.08%, while the 200-Day Moving Average is calculated to be -28.23%.
Shares Statistics:
BLNK traded an average of 3.14M shares per day over the past three months and 5570340 shares per day over the past ten days. A total of 102.72M shares are outstanding, with a floating share count of 93.43M. Insiders hold about 9.04% of the company’s shares, while institutions hold 32.97% stake in the company. Shares short for BLNK as of 1749772800 were 23460793 with a Short Ratio of 7.47, compared to 1747267200 on 25032027. Therefore, it implies a Short% of Shares Outstanding of 23460793 and a Short% of Float of 23.01.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
Currently, 1.0 analysts are dedicated to thoroughly evaluating and rating the performance of Blink Charging Co (BLNK) in the stock market.The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.12 and low estimates of -$0.12.
Analysts are recommending an EPS of between -$0.44 and -$0.44 for the fiscal current year, implying an average EPS of -$0.44.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $24.03M to a low estimate of $20.4M. As of the current estimate, Blink Charging Co’s year-ago sales were $33.26MFor the next quarter, 4 analysts are estimating revenue of $25.09M. There is a high estimate of $28.95M for the next quarter, whereas the lowest estimate is $21.1M.
A total of 4 analysts have provided revenue estimates for BLNK’s current fiscal year. The highest revenue estimate was $110.21M, while the lowest revenue estimate was $85.2M, resulting in an average revenue estimate of $97.78M. In the same quarter a year ago, actual revenue was $126.2MBased on 5 analysts’ estimates, the company’s revenue will be $139.3M in the next fiscal year. The high estimate is $183.5M and the low estimate is $119.4M.
