Blink Charging Co (NASDAQ: BLNK): Stock That Needs Special Handling

Currently, there are 101.06M common shares owned by the public and among those 95.11M shares have been available to trade.

The company’s stock has a 5-day price change of -29.33% and -29.58% over the past three months. BLNK shares are trading -41.00% year to date (YTD), with the 12-month market performance down to -70.85% lower. It has a 12-month low price of $2.05 and touched a high of $7.25 over the same period. BLNK has an average intraday trading volume of 5.35 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 -36.14%, -34.12%, and -32.02% respectively.

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Institutional ownership of Blink Charging Co (NASDAQ: BLNK) shares accounts for 30.41% of the company’s 101.06M shares outstanding.

It has a market capitalization of $202.12M and a beta (3y monthly) value of 2.78. The earnings-per-share (ttm) stands at -$2.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.06% over the week and 8.94% over the month.

Earnings per share for the fiscal year are expected to increase by 77.47%, and 50.17% over the next financial year.

Looking at the support for the BLNK, a number of firms have released research notes about the stock. The Benchmark Company stated their Buy rating for the stock in a research note on July 31, 2024, with the firm’s price target at $5. Needham coverage for the Blink Charging Co (BLNK) stock in a research note released on January 08, 2024 offered a Buy rating with a price target of $7. UBS was of a view on September 27, 2023 that the stock is Buy, while Barclays gave the stock Equal Weight rating on March 28, 2023, issuing a price target of $11. Needham on their part issued Hold rating on March 02, 2023.

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