Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, Blink Charging Co (NASDAQ: BLNK) closed at $1.39 down -5.44% from its previous closing price of $1.47. In other words, the price has decreased by -$5.44 from its previous closing price. On the day, 5.87 million shares were traded. BLNK stock price reached its highest trading level at $1.49 during the session, while it also had its lowest trading level at $1.31.
Ratios:
For a deeper understanding of Blink Charging Co’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.85 and its Current Ratio is at 2.52. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.04.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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. On Jun 25 ’24, another insider, Peterson Kristina A., who serves as the Director of the company, sold 4,510 shares for $2.77 each. As a result, the insider received 12,515 and left with 0 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 140633248 and an Enterprise Value of 87327816. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.01 while its Price-to-Book (P/B) ratio in mrq is 0.72. Its current Enterprise Value per Revenue stands at 0.629 whereas that against EBITDA is -1.437.
Stock Price History:
The Beta on a monthly basis for BLNK is 2.60, which has changed by -0.4189723 over the last 52 weeks, in comparison to a change of 0.23171377 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 $1.38. The 50-Day Moving Average of the stock is -12.37%, while the 200-Day Moving Average is calculated to be -38.94%.
Shares Statistics:
For the past three months, BLNK has traded an average of 4.93M shares per day and 4663500 over the past ten days. A total of 101.15M shares are outstanding, with a floating share count of 92.25M. Insiders hold about 8.82% of the company’s shares, while institutions hold 35.64% stake in the company. Shares short for BLNK as of 1735603200 were 24325868 with a Short Ratio of 4.93, compared to 1732838400 on 24061042. Therefore, it implies a Short% of Shares Outstanding of 24325868 and a Short% of Float of 25.509999999999998.
Earnings Estimates
Blink Charging Co (BLNK) is presently subject to a detailed evaluation by 1.0 analysts, each offering their unique perspectives on its market standing.The consensus estimate for the next quarter is -$0.11, with high estimates of -$0.1 and low estimates of -$0.12.
Analysts are recommending an EPS of between -$0.6 and -$0.6 for the fiscal current year, implying an average EPS of -$0.6. EPS for the following year is -$0.29, with 2.0 analysts recommending between -$0.29 and -$0.3.
Revenue Estimates
A total of 6 analysts believe the company’s revenue will be $30.77M this quarter.It ranges from a high estimate of $38.99M to a low estimate of $25.5M. As of the current estimate, Blink Charging Co’s year-ago sales were $42.71MFor the next quarter, 6 analysts are estimating revenue of $34.43M. There is a high estimate of $45.59M for the next quarter, whereas the lowest estimate is $28.1M.
A total of 6 analysts have provided revenue estimates for BLNK’s current fiscal year. The highest revenue estimate was $135.01M, while the lowest revenue estimate was $121.5M, resulting in an average revenue estimate of $126.8M. In the same quarter a year ago, actual revenue was $140.6MBased on 7 analysts’ estimates, the company’s revenue will be $158.86M in the next fiscal year. The high estimate is $182.71M and the low estimate is $140.54M.
