On November 20, 2023, Blink Charging Co (NASDAQ: BLNK) opened at $3.92, remained unchanged from the last session. During the day, the shares moved up to $4.07 and dropped to $3.86 before settling in for the closing price of $3.91. Price fluctuations for BLNK have ranged from $2.22 to $15.40 over the past 52 weeks.
Industrials Sector giant saw their annual sales surged by 113.86% over the last five years. Company’s average yearly earnings per share was noted -77.77% at the time writing. With a float of $60.65 million, this company’s outstanding shares have now reached $67.41 million.
The firm has a total of 620 workers. Let’s measure their productivity. In terms of profitability, gross margin is -87.07, operating margin of -139.64, and the pretax margin is -149.25.
Blink Charging Co (BLNK) Insider Activity
A key investor’s attitude towards the stock of the Engineering & Construction industry is another important factor to consider. The insider ownership of Blink Charging Co is 10.03%, while institutional ownership is 37.40%. The most recent insider transaction that took place on Sep 28, was worth 158,184. In this transaction Former Director Chairman & CEO of this company sold 52,000 shares at a rate of $3.04, taking the stock ownership to the 2,578,616 shares. Before that another transaction happened on Sep 27, when Company’s Former Director Chairman & CEO sold 26,000 for $3.14, making the entire transaction worth $81,692. This insider now owns 2,630,616 shares in total.
Blink Charging Co (BLNK) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted -$1.74 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -$0.46) by -$1.28. This company achieved a net margin of -149.76 while generating a return on equity of -38.57. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.33 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -77.77% per share during the next fiscal year.
Blink Charging Co (NASDAQ: BLNK) Trading Performance Indicators
Check out the current performance indicators for Blink Charging Co (BLNK). In the past quarter, the stock posted a quick ratio of 1.71. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.61, a number that is poised to hit -0.32 in the next quarter and is forecasted to reach -1.03 in one year’s time.
Technical Analysis of Blink Charging Co (BLNK)
Analysing the last 5-days average volume posted by the [Blink Charging Co, BLNK], we can find that recorded value of 6.7 million was better than the volume posted last year of 2.32 million. As of the previous 9 days, the stock’s Stochastic %D was 71.41%. Additionally, its Average True Range was 0.35.
During the past 100 days, Blink Charging Co’s (BLNK) raw stochastic average was set at 33.60%, which indicates a significant decrease from 68.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 134.00% in the past 14 days, which was higher than the 87.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.10, while its 200-day Moving Average is $6.04. Now, the first resistance to watch is $4.03. This is followed by the second major resistance level at $4.16. The third major resistance level sits at $4.24. If the price goes on to break the first support level at $3.82, it is likely to go to the next support level at $3.74. Should the price break the second support level, the third support level stands at $3.61.
Blink Charging Co (NASDAQ: BLNK) Key Stats
There are currently 67,408K shares outstanding in the company with a market cap of 263.57 million. Presently, the company’s annual sales total 61,140 K according to its annual income of -91,560 K. Last quarter, the company’s sales amounted to 43,380 K and its income totaled -112,720 K.