A new trading day began on Monday, with Blink Charging Co (NASDAQ: BLNK) stock price up 3.95% from the previous day of trading, before settling in for the closing price of $1.52. BLNK’s price has ranged from $1.50 to $4.66 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%. Meanwhile, its annual earnings per share averaged 59.66%. With a float of $95.23 million, this company’s outstanding shares have now reached $101.17 million.
Considering the fact that the conglomerate employs 706 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is -7.24%, operating margin of -102.33%, and the pretax margin is -103.7%.
Blink Charging Co (BLNK) Insider Activity
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 5.88%, while institutional ownership is 35.65%. The most recent insider transaction that took place on Sep 26 ’24, was worth 34,000. In this transaction Director of this company bought 20,000 shares at a rate of $1.70, taking the stock ownership to the 175,718 shares. Before that another transaction happened on Sep 19 ’24, when Company’s Director sold 24,077 for $1.80, making the entire transaction worth $43,377. This insider now owns 0 shares in total.
Blink Charging Co (BLNK) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.28 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 -0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 59.66% 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 1.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.45, a number that is poised to hit -0.17 in the next quarter and is forecasted to reach -0.46 in one year’s time.
Technical Analysis of Blink Charging Co (BLNK)
Compared to the last year’s volume of 5.69 million, its volume of 5.81 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 8.35%. Additionally, its Average True Range was 0.15.
During the past 100 days, Blink Charging Co’s (BLNK) raw stochastic average was set at 3.56%, which indicates a significant decrease from 12.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 113.20% in the past 14 days, which was higher than the 84.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.8816, while its 200-day Moving Average is $2.5605. Nevertheless, the first resistance level for the watch stands at $1.6300 in the near term. At $1.6800, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.7400. If the price goes on to break the first support level at $1.5200, it is likely to go to the next support level at $1.4600. Should the price break the second support level, the third support level stands at $1.4100.
Blink Charging Co (NASDAQ: BLNK) Key Stats
With a market capitalization of 150.92 million, the company has a total of 101,175K Shares Outstanding. Currently, annual sales are 140,600 K while annual income is -203,690 K. The company’s previous quarter sales were 25,190 K while its latest quarter income was -87,390 K.
