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.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

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.