Analysts Update Their Price Forecasts For Blink Charging Co (BLNK)

Blink Charging Co (BLNK) concluded trading on Thursday at a closing price of $2.36, with 2.76 million shares of worth about $6.51 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -26.25% during that period and on April 18, 2024 the price saw a loss of about -0.84%. Currently the company’s common shares owned by public are about 100.99M shares, out of which, 93.77M shares are available for trading.

However, the stock later moved at a day high price of 2.5891, or with a loss of -0.84%. Stock saw a price change of -8.17% in past 5 days and over the past one month there was a price change of -8.88%. Year-to-date (YTD), BLNK shares are showing a performance of -30.38% which decreased to -68.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.18 but also hit the highest price of $7.82 during that period. The average intraday trading volume for Blink Charging Co shares is 6.88 million. The stock is currently trading -10.69% below its 20-day simple moving average (SMA20), while that difference is down -17.86% for SMA50 and it goes to -34.42% lower than SMA200.

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Blink Charging Co (NASDAQ: BLNK) currently have 100.99M outstanding shares and institutions hold larger chunk of about 29.74% of that.

The stock has a current market capitalization of $238.34M and its 3Y-monthly beta is at 2.83. It has posted earnings per share of -$3.15 in the same period. It has Quick Ratio of 2.49 while making debt-to-equity ratio of 0.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BLNK, volatility over the week remained 6.68% while standing at 6.66% over the month.

Stock’s fiscal year EPS is expected to rise by 76.81% while it is estimated to increase by 51.09% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Needham on January 08, 2024 offering a Buy rating for the stock and assigned a target price of $7 to it. Coverage by UBS stated Blink Charging Co (BLNK) stock as a Buy in their note to investors on September 27, 2023, suggesting a price target of $7 for the stock. Stock get a Buy rating from Needham on October 20, 2022.

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