In the latest session, Blink Charging Co (NASDAQ: BLNK) closed at $3.19 up 2.57% from its previous closing price of $3.11. In other words, the price has increased by $+0.0800 from its previous closing price. On the day, 6966271 shares were traded. BLNK stock price reached its highest trading level at $3.3461 during the session, while it also had its lowest trading level at $3.1500.
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 1.71 and its Current Ratio is at 2.42. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.03.
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:
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 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 215.03M and an Enterprise Value of 164.32M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.78 while its Price-to-Book (P/B) ratio in mrq is 0.97. Its current Enterprise Value per Revenue stands at 1.37 whereas that against EBITDA is -0.85.
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 2.8573, while the 200-Day Moving Average is calculated to be 4.0949.
Shares Statistics:
For the past three months, BLNK has traded an average of 8.98M shares per day and 6.85M over the past ten days. A total of 67.41M shares are outstanding, with a floating share count of 60.69M. Insiders hold about 9.97% of the company’s shares, while institutions hold 44.71% stake in the company. Shares short for BLNK as of Feb 15, 2024 were 19.59M with a Short Ratio of 2.18, compared to 22.25M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 29.06% and a Short% of Float of 33.23%.
Earnings Estimates
There are 7 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.31 for the current quarter, with a high estimate of -$0.27 and a low estimate of -$0.4, while EPS last year was -$0.55. The consensus estimate for the next quarter is -$0.29, with high estimates of -$0.16 and low estimates of -$0.35.
Analysts are recommending an EPS of between -$3.23 and -$3.29 for the fiscal current year, implying an average EPS of -$3.26. EPS for the following year is -$0.96, with 7 analysts recommending between -$0.53 and -$1.32.
Revenue Estimates
A total of 8 analysts believe the company’s revenue will be $35.64M this quarter.It ranges from a high estimate of $43.63M to a low estimate of $33.2M. As of the current estimate, Blink Charging Co’s year-ago sales were $22.61M, an estimated increase of 57.70% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $35.85M, an increase of 63.50% over than the figure of $57.70% in the same quarter last year. There is a high estimate of $44M for the next quarter, whereas the lowest estimate is $27M.
A total of 8 analysts have provided revenue estimates for BLNK’s current fiscal year. The highest revenue estimate was $141.51M, while the lowest revenue estimate was $131.1M, resulting in an average revenue estimate of $133.55M. In the same quarter a year ago, actual revenue was $61.14M, up 118.40% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $171.2M in the next fiscal year. The high estimate is $198.01M and the low estimate is $157.11M. The average revenue growth estimate for next year is up 28.20% from the average revenue estimate for this year.
