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 87 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 14 of these insider trades were purchases, accounting for 1,313,353 shares. Insider sales of the common stock occurred on 73 occasions, with total insider shares sold totaling 2,270,553 shares.
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However, the script later moved the day high at 3.3250, down -7.76%. The company’s stock has a 5-day price change of 5.46% and -26.95% over the past three months. BLNK shares are trading -8.85% year to date (YTD), with the 12-month market performance down to -70.60% lower. It has a 12-month low price of $2.18 and touched a high of $10.58 over the same period. BLNK has an average intraday trading volume of 8.37 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 14.42%, 7.20%, and -29.43% respectively.
Institutional ownership of Blink Charging Co (NASDAQ: BLNK) shares accounts for 44.49% of the company’s 67.41M shares outstanding.
It has a market capitalization of $208.30M and a beta (3y monthly) value of 2.78. 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 10.83% over the week and 8.50% 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 -$0.96 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 -97.33%, and 69.52% 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. UBS coverage for the Blink Charging Co (BLNK) stock in a research note released on September 27, 2023 offered a Buy rating with a price target of $7. Needham on their part issued Buy rating on October 20, 2022.
