While Blink Charging Co has underperformed by -1.11%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BLNK fell by -64.40%, with highs and lows ranging from $8.32 to $2.18, whereas the simple moving average fell by -28.41% in the last 200 days.
On January 08, 2024, Needham Upgraded Blink Charging Co (NASDAQ: BLNK) to Buy. A report published by UBS on September 27, 2023, Initiated its previous ‘Buy’ rating for BLNK. Barclays also rated BLNK shares as ‘Equal Weight’, setting a target price of $11 on the company’s shares in an initiating report dated March 28, 2023. Needham resumed its ‘Buy’ rating for BLNK, as published in its report on October 20, 2022. B. Riley Securities’s report from June 17, 2022 suggests a price prediction of $15 for BLNK shares, giving the stock a ‘Neutral’ rating. Tudor Pickering Holt & Co. also rated the stock as ‘Hold’.
Analysis of Blink Charging Co (BLNK)
Further, the quarter-over-quarter increase in sales is 88.94%, showing a positive trend in the upcoming months.
One of the most important indicators of Blink Charging Co’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -74.02% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.49, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and BLNK is recording 7.56M average volume. On a monthly basis, the volatility of the stock is set at 7.71%, whereas on a weekly basis, it is put at 5.11%, with a loss of -10.40% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.14, showing growth from the present price of $2.67, which can serve as yet another indication of whether BLNK is worth investing in or should be passed over.
How Do You Analyze Blink Charging Co Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 9.96%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 29.84% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BLNK shares are owned by institutional investors to the tune of 29.84% at present.
