Blink Charging Co (BLNK) kicked off at the price of $2.93: Venture capitalists have an exciting new opportunity

A new trading day began on Monday, with Blink Charging Co (NASDAQ: BLNK) stock price up 5.02% from the previous day of trading, before settling in for the closing price of $2.79. BLNK’s price has ranged from $2.18 to $11.33 over the past 52 weeks.

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During the last 5-year period, the sales growth of Industrials Sector giant was 139.88%. Meanwhile, its annual earnings per share averaged -84.75%. With a float of $60.69 million, this company’s outstanding shares have now reached $67.41 million.

Blink Charging Co (BLNK) Breakdown of a Key Holders of the stock

As we move forward, let’s examine how large-scale investors are investing in this stock of the Engineering & Construction Industry. The insider ownership of Blink Charging Co is 9.97%, while institutional ownership is 43.55%. 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) Recent Fiscal highlights

In its latest quarterly report, released on 9/29/2023, the company reported earnings of -$1.74 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.29 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -84.75% per share during the next fiscal year.

Blink Charging Co (NASDAQ: BLNK) Trading Performance Indicators

Here are Blink Charging Co’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.71. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.64.

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 -0.99 in one year’s time.

Technical Analysis of Blink Charging Co (BLNK)

Looking closely at Blink Charging Co (NASDAQ: BLNK), its last 5-days average volume was 5.94 million, which is a drop from its year-to-date volume of 7.01 million. As of the previous 9 days, the stock’s Stochastic %D was 90.19%. Additionally, its Average True Range was 0.23.

During the past 100 days, Blink Charging Co’s (BLNK) raw stochastic average was set at 30.24%, which indicates a significant decrease from 86.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 83.80% in the past 14 days, which was lower than the 100.34% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.88, while its 200-day Moving Average is $4.45. However, in the short run, Blink Charging Co’s stock first resistance to watch stands at $3.06. Second resistance stands at $3.18. The third major resistance level sits at $3.33. If the price goes on to break the first support level at $2.79, it is likely to go to the next support level at $2.64. Now, if the price goes above the second support level, the third support stands at $2.52.

Blink Charging Co (NASDAQ: BLNK) Key Stats

With a market capitalization of 197.51 million, the company has a total of 67,408K Shares Outstanding. Currently, annual sales are 61,140 K while annual income is -91,560 K. The company’s previous quarter sales were 43,380 K while its latest quarter income was -112,720 K.