On Friday, Blink Charging Co (NASDAQ: BLNK) opened higher 1.12% from the last session, before settling in for the closing price of $2.67. Price fluctuations for BLNK have ranged from $2.18 to $7.25 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 137.90%. Company’s average yearly earnings per share was noted 79.88% at the time writing. With a float of $92.75 million, this company’s outstanding shares have now reached $92.82 million.
Considering the fact that the conglomerate employs 706 people, you should pay attention to its efficiency factor.
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 8.22%, while institutional ownership is 27.78%. 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) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted -0.67 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.49) by -0.18. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 79.88% 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 2.28. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.74.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.80, a number that is poised to hit -0.18 in the next quarter and is forecasted to reach -0.29 in one year’s time.
Technical Analysis of Blink Charging Co (BLNK)
Compared to the last year’s volume of 6.44 million, its volume of 5.73 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 3.61%. Additionally, its Average True Range was 0.21.
During the past 100 days, Blink Charging Co’s (BLNK) raw stochastic average was set at 33.99%, which indicates a significant increase from 8.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.79% in the past 14 days, which was lower than the 89.45% 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 $2.98. Nevertheless, the first resistance level for the watch stands at $2.73 in the near term. At $2.76, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.82. If the price goes on to break the first support level at $2.64, it is likely to go to the next support level at $2.58. Should the price break the second support level, the third support level stands at $2.55.
Blink Charging Co (NASDAQ: BLNK) Key Stats
There are currently 101,060K shares outstanding in the company with a market cap of 272.86 million. Presently, the company’s annual sales total 140,600 K according to its annual income of -203,690 K. Last quarter, the company’s sales amounted to 37,570 K and its income totaled -17,170 K.
