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

Blink Charging Co (BLNK) concluded trading on Thursday at a closing price of $1.29, with 5.98 million shares of worth about $7.71 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -61.26% during that period and on January 23, 2025 the price saw a loss of about -4.09%. Currently the company’s common shares owned by public are about 101.15M shares, out of which, 92.25M shares are available for trading.

Stock saw a price change of -12.24% in past 5 days and over the past one month there was a price change of -11.64%. Year-to-date (YTD), BLNK shares are showing a performance of -7.19% which decreased to -50.00% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.31 but also hit the highest price of $3.75 during that period. The average intraday trading volume for Blink Charging Co shares is 4.96 million. The stock is currently trading -14.07% below its 20-day simple moving average (SMA20), while that difference is down -17.33% for SMA50 and it goes to -42.98% lower than SMA200.

Blink Charging Co (NASDAQ: BLNK) currently have 101.15M outstanding shares and institutions hold larger chunk of about 35.64% of that.

The stock has a current market capitalization of $130.52M and its 3Y-monthly beta is at 2.58. 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 7.32% while standing at 7.12% over the month.

Analysts are in expectations that Blink Charging Co (BLNK) stock would likely to be making an EPS of -0.14 in the current quarter, while forecast for next quarter EPS is -0.11 and it is -0.29 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.14 which is -0.14 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -0.28 in the same quarter a year ago. 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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