A new trading day began on Friday, with Blink Charging Co (NASDAQ: BLNK) stock price down -3.50% from the previous day of trading, before settling in for the closing price of $2.57. BLNK’s price has ranged from $2.18 to $8.32 over the past 52 weeks.
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Annual sales at Industrials sector company grew by 137.90% over the past five years. Meanwhile, its annual earnings per share averaged 76.81%. With a float of $93.77 million, this company’s outstanding shares have now reached $100.99 million.
Let’s look at the performance matrix of the company that is accounted for 706 employees.
Blink Charging Co (BLNK) Insider and Institutional Ownership
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 6.65%, while institutional ownership is 29.75%. The most recent insider transaction that took place on Sep 28 ’23, 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 ’23, 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 763.40 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 76.81% 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 2.49. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.78.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.15, a number that is poised to hit -0.24 in the next quarter and is forecasted to reach -0.36 in one year’s time.
Technical Analysis of Blink Charging Co (BLNK)
Blink Charging Co (NASDAQ: BLNK) saw its 5-day average volume 3.36 million, a negative change from its year-to-date volume of 7.35 million. As of the previous 9 days, the stock’s Stochastic %D was 7.58%. Additionally, its Average True Range was 0.20.
During the past 100 days, Blink Charging Co’s (BLNK) raw stochastic average was set at 13.04%, which indicates a significant increase from 10.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.62% in the past 14 days, which was lower than the 99.72% 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 $3.65. Nevertheless, the first resistance level for the watch stands at $2.56 in the near term. At $2.63, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.68. If the price goes on to break the first support level at $2.44, it is likely to go to the next support level at $2.39. The third support level lies at $2.32 if the price breaches the second support level.
Blink Charging Co (NASDAQ: BLNK) Key Stats
With a market capitalization of 250.46 million, the company has a total of 100,994K Shares Outstanding. Currently, annual sales are 140,600 K while annual income is -203,690 K. The company’s previous quarter sales were 42,710 K while its latest quarter income was -19,690 K.
