A new trading day began on Monday, with Blink Charging Co (NASDAQ: BLNK) stock price up 10.04% from the previous day of trading, before settling in for the closing price of $0.95. BLNK’s price has ranged from $0.87 to $3.75 over the past 52 weeks.
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During the last 5-year period, the sales growth of Industrials Sector giant was 165.07%. Meanwhile, its annual earnings per share averaged 75.24%. With a float of $92.07 million, this company’s outstanding shares have now reached $101.17 million.
Let’s determine the extent of company efficiency that accounts for 706 employees. In terms of profitability, gross margin is -8.0%, operating margin of -103.06%, and the pretax margin is -104.44%.
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 9.00%, while institutional ownership is 33.82%. 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
According to the Wall Street analysts, stocks earnings will be around 75.24% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 55.85% during the next five years compared to -39.82% drop over the previous five years of trading.
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 0.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.96, a number that is poised to hit -0.13 in the next quarter and is forecasted to reach -0.31 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 6.3 million, which is a jump from its year-to-date volume of 4.51 million. As of the previous 9 days, the stock’s Stochastic %D was 40.65%. Additionally, its Average True Range was 0.09.
During the past 100 days, Blink Charging Co’s (BLNK) raw stochastic average was set at 12.41%, which indicates a significant decrease from 75.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 108.96% in the past 14 days, which was higher than the 78.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.1918, while its 200-day Moving Average is $1.9566. However, in the short run, Blink Charging Co’s stock first resistance to watch stands at $1.0967. Second resistance stands at $1.1433. The third major resistance level sits at $1.2217. If the price goes on to break the first support level at $0.9717, it is likely to go to the next support level at $0.8933. Should the price break the second support level, the third support level stands at $0.8467.
Blink Charging Co (NASDAQ: BLNK) Key Stats
With a market capitalization of 106.23 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.
