Blink Charging Co (NASDAQ: BLNK): Analyst View Points To Future Growth

Blink Charging Co (BLNK) concluded trading on Thursday at a closing price of $1.56, with 3.49 million shares of worth about $5.44 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -50.79% during that period and on November 28, 2024 the price saw a gain of about 0.65%. Currently the company’s common shares owned by public are about 101.17M shares, out of which, 95.23M shares are available for trading.

Stock saw a price change of 1.63% in past 5 days and over the past one month there was a price change of -26.76%. Year-to-date (YTD), BLNK shares are showing a performance of -53.98% which decreased to -54.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.48 but also hit the highest price of $4.48 during that period. The average intraday trading volume for Blink Charging Co shares is 4.69 million. The stock is currently trading -9.94% below its 20-day simple moving average (SMA20), while that difference is down -15.56% for SMA50 and it goes to -38.17% lower than SMA200.

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Blink Charging Co (NASDAQ: BLNK) currently have 101.17M outstanding shares and institutions hold larger chunk of about 35.68% of that.

The stock has a current market capitalization of $158.85M and its 3Y-monthly beta is at 2.57. It has posted earnings per share of -$1.45 in the same period. It has Quick Ratio of 1.85 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 6.03% while standing at 7.27% over the month.

Stock’s fiscal year EPS is expected to rise by 59.66% while it is estimated to increase by 64.72% in next year.

Coverage by UBS stated Blink Charging Co (BLNK) stock as a Neutral in their note to investors on November 14, 2024, suggesting a price target of $2 for the stock. On July 31, 2024, The Benchmark Company Initiated their recommendations, while on January 08, 2024, Needham Upgrade their ratings for the stock with a price target of $7. Stock get a Buy rating from UBS on September 27, 2023.

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