The closing price of Blink Charging Co (NASDAQ: BLNK) was $2.39 for the day, down -8.78% from the previous closing price of $2.62. In other words, the price has decreased by -$0.2300 from its previous closing price. On the day, 9268634 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 2.49 and its Current Ratio is at 3.18. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.02.
On September 27, 2023, UBS started tracking the stock assigning a Buy rating and target price of $7.
On March 28, 2023, Barclays started tracking the stock assigning a Equal Weight rating and target price of $11.Barclays initiated its Equal Weight rating on March 28, 2023, with a $11 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 28 ’23 when FARKAS MICHAEL D sold 52,000 shares for $3.04 per share. The transaction valued at 158,184 led to the insider holds 2,578,616 shares of the business.
FARKAS MICHAEL D sold 26,000 shares of BLNK for $81,692 on Sep 27 ’23. The Former Director Chairman & CEO now owns 2,630,616 shares after completing the transaction at $3.14 per share. On Sep 26 ’23, another insider, FARKAS MICHAEL D, who serves as the Former Director Chairman & CEO of the company, sold 26,000 shares for $3.02 each. As a result, the insider received 78,546 and left with 2,656,616 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 241.88M and an Enterprise Value of 138.13M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.72 while its Price-to-Book (P/B) ratio in mrq is 0.77. Its current Enterprise Value per Revenue stands at 0.99 whereas that against EBITDA is -1.48.
Stock Price History:
Over the past 52 weeks, BLNK has reached a high of $8.90, while it has fallen to a 52-week low of $2.18. The 50-Day Moving Average of the stock is 2.8120, while the 200-Day Moving Average is calculated to be 3.8969.
Shares Statistics:
BLNK traded an average of 8.98M shares per day over the past three months and 9.79M shares per day over the past ten days. A total of 92.82M shares are outstanding, with a floating share count of 90.93M. Insiders hold about 9.97% of the company’s shares, while institutions hold 29.84% stake in the company. Shares short for BLNK as of Feb 29, 2024 were 18.34M with a Short Ratio of 2.04, compared to 19.75M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 27.20% and a Short% of Float of 31.11%.
Earnings Estimates
The firm’s stock currently is rated by 6 analysts. On average, analysts expect EPS of -$0.24 for the current quarter, with a high estimate of -$0.17 and a low estimate of -$0.34, while EPS last year was -$0.53. The consensus estimate for the next quarter is -$0.2, with high estimates of -$0.15 and low estimates of -$0.28.
Analysts are recommending an EPS of between -$0.54 and -$1.06 for the fiscal current year, implying an average EPS of -$0.74. EPS for the following year is -$0.32, with 5 analysts recommending between -$0.05 and -$0.64.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $35.7M to a low estimate of $27M. As of the current estimate, Blink Charging Co’s year-ago sales were $21.92M, an estimated increase of 50.20% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $40.75M, an increase of 24.10% less than the figure of $50.20% in the same quarter last year. There is a high estimate of $43.37M for the next quarter, whereas the lowest estimate is $36.91M.
A total of 5 analysts have provided revenue estimates for BLNK’s current fiscal year. The highest revenue estimate was $174.91M, while the lowest revenue estimate was $157.11M, resulting in an average revenue estimate of $168.12M. In the same quarter a year ago, actual revenue was $140.6M, up 19.60% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $226.63M in the next fiscal year. The high estimate is $234.52M and the low estimate is $219.5M. The average revenue growth estimate for next year is up 34.80% from the average revenue estimate for this year.
