Blink Charging Co. (BLNK)’s valuation ratios: A closer look


The closing price of Blink Charging Co. (NASDAQ: BLNK) was $3.58 for the day, down -8.91% from the previous closing price of $3.93. In other words, the price has decreased by -$0.3500 from its previous closing price. On the day, 2836821 shares were traded. BLNK stock price reached its highest trading level at $3.8710 during the session, while it also had its lowest trading level at $3.5700.

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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 1.80 and its Current Ratio is at 2.50. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on March 28, 2023, initiated with a Equal Weight rating and assigned the stock a target price of $11.

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 15 when FARKAS MICHAEL D sold 26,000 shares for $3.93 per share. The transaction valued at 102,258 led to the insider holds 2,812,616 shares of the business.

FARKAS MICHAEL D sold 26,000 shares of BLNK for $93,860 on Sep 14. The Former Director Chairman & CEO now owns 2,838,616 shares after completing the transaction at $3.61 per share. On Sep 13, another insider, FARKAS MICHAEL D, who serves as the Former Director Chairman & CEO of the company, sold 26,000 shares for $3.77 each. As a result, the insider received 97,994 and left with 2,864,616 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 229.09M and an Enterprise Value of 170.54M. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.49 while its Price-to-Book (P/B) ratio in mrq is 0.69. Its current Enterprise Value per Revenue stands at 1.81 whereas that against EBITDA is -1.58.

Stock Price History:

Over the past 52 weeks, BLNK has reached a high of $22.50, while it has fallen to a 52-week low of $3.46. The 50-Day Moving Average of the stock is 5.2692, while the 200-Day Moving Average is calculated to be 8.2282.

Shares Statistics:

BLNK traded an average of 2.18M shares per day over the past three months and 2.07M shares per day over the past ten days. A total of 61.88M shares are outstanding, with a floating share count of 54.27M. 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 Aug 30, 2023 were 15.98M with a Short Ratio of 15.98M, compared to 14.73M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 24.97% and a Short% of Float of 28.78%.

Earnings Estimates

The firm’s stock currently is rated by 7 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 -$0.7, while EPS last year was -$0.51. The consensus estimate for the next quarter is -$0.47, with high estimates of -$0.32 and low estimates of -$0.69.

Analysts are recommending an EPS of between -$1.91 and -$2.17 for the fiscal current year, implying an average EPS of -$2.06. EPS for the following year is -$1.33, with 7 analysts recommending between -$0.84 and -$1.64.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $31.71M to a low estimate of $25M. As of the current estimate, Blink Charging Co.’s year-ago sales were $15.38M, an estimated increase of 91.50% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $33.11M, an increase of 46.50% less than the figure of $91.50% in the same quarter last year. There is a high estimate of $34.2M for the next quarter, whereas the lowest estimate is $30.5M.

A total of 7 analysts have provided revenue estimates for BLNK’s current fiscal year. The highest revenue estimate was $119.82M, while the lowest revenue estimate was $106.32M, resulting in an average revenue estimate of $115.78M. In the same quarter a year ago, actual revenue was $61.14M, up 89.40% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $164.68M in the next fiscal year. The high estimate is $192.92M and the low estimate is $132.8M. The average revenue growth estimate for next year is up 42.20% from the average revenue estimate for this year.


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