Blink Charging Co (NASDAQ:BLNK) price on Wednesday, May 09, fall -0.68% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.90.
A look at the stock’s price movement, the close in the last trading session was $2.92. Turning to its 52-week performance, $7.70 and $2.18 were the 52-week high and 52-week low respectively. Overall, BLNK moved 9.43% over the past month.
Blink Charging Co’s market cap currently stands at around $292.87 million.
Analysts have a consensus estimate of 33.73M for the company’s revenue for the quarter, with a low and high estimate of 27M and 36.77M respectively. The average forecast suggests up to a 53.90% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 170.64M, representing a 21.40% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BLNK is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
BLNK’s current price about 14.42% and 4.92% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.74, while 7-day volatility ratio is 7.08% and 6.37% in the 30-day chart. Further, Blink Charging Co (BLNK) has a beta value of 2.75, and an average true range (ATR) of 0.19.
If we refocus on Blink Charging Co (NASDAQ:BLNK), historical trading data shows that trading volumes averaged 6.60 million over the past 3 months. The company’s latest data on shares outstanding shows there are 100.99 million shares.
The 7.15% of Blink Charging Co’s shares are in the hands of company insiders while institutional holders own 27.96% of the company’s shares. Current price change has pushed the stock -14.45% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BLNK stock continues to rise going into the next quarter.