Blink Charging Co (NASDAQ:BLNK) shares, rose in value, with the stock price down by -0.86% to the previous day’s close as strong demand from buyers drove the stock to $2.31.
Actively observing the price movement in the last trading, the stock closed the session at $2.33. Referring to stock’s 52-week performance, its high was $7.70, and the low was $2.18. On the whole, BLNK has fluctuated by -11.15% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 170.59M, with a low estimate of 27M and a high estimate of 36.77M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 33.38M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BLNK’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BLNK currently trading nearly -10.55% and -18.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.68, while the 7-day volatility ratio is showing 5.95% which for the 30-day chart, stands at 6.26%. Furthermore, Blink Charging Co (BLNK)’s beta value is 2.84, and its average true range (ATR) is 0.17.
A comparison of Blink Charging Co (BLNK) with its peers suggests the former has fared considerably weaker in the market. BLNK showed an intraday change of -0.86% in last session, and over the past year, it shrunk by -66.67%%.
Data on historical trading for Blink Charging Co (NASDAQ:BLNK) indicates that the trading volumes over the past 3 months, they’ve averaged 6.53 million. According to company’s latest data on outstanding shares, there are 100.99 million shares outstanding.
Nearly 7.15% of Blink Charging Co’s shares belong to company insiders and institutional investors own 29.85% of the company’s shares. The stock has fallen by -31.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BLNK stock heading into the next quarter.
