Do Blink Charging Co (NASDAQ: BLNK) Fit In A Value Investing Philosophy?

Currently, there are 67.41M common shares owned by the public and among those 60.69M shares have been available to trade.

Insiders at the company have transacted a total of 89 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 1,678,835 shares. Insider sales of the common stock occurred on 74 occasions, with total insider shares sold totaling 2,414,187 shares.

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However, the script later moved the day high at 2.3737, down -6.61%. The company’s stock has a 5-day price change of -14.72% and -11.37% over the past three months. BLNK shares are trading -33.33% year to date (YTD), with the 12-month market performance down to -84.93% lower. It has a 12-month low price of $2.18 and touched a high of $15.27 over the same period. BLNK has an average intraday trading volume of 7.87 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -12.02%, -24.29%, and -50.77% respectively.

Institutional ownership of Blink Charging Co (NASDAQ: BLNK) shares accounts for 43.53% of the company’s 67.41M shares outstanding.

It has a market capitalization of $152.35M and a beta (3y monthly) value of 2.74. The earnings-per-share (ttm) stands at -$3.61. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.72% over the week and 8.24% over the month.

Analysts forecast that Blink Charging Co (BLNK) will achieve an EPS of -$0.31 for the current quarter, -$0.29 for the next quarter and -$0.94 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.4 while analysts give the company a high EPS estimate of -$0.27. Comparatively, EPS for the current quarter was -$0.55 a year ago. Earnings per share for the fiscal year are expected to decrease by -84.75%, and 67.40% over the next financial year.

Looking at the support for the BLNK, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on January 08, 2024, with the firm’s price target at $7.

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