Blink Charging Co (NASDAQ:BLNK) shares, rose in value on Wednesday, March 26, with the stock price down by -6.46% to the previous day’s close as strong demand from buyers drove the stock to $0.94.
Actively observing the price movement in the last trading, the stock closed the session at $1.01, falling within a range of $0.9393 and $1.01. The value of beta (5-year monthly) was 2.859. Referring to stock’s 52-week performance, its high was $3.75, and the low was $0.87. On the whole, BLNK has fluctuated by -2.53% over the past month.
With the market capitalization of Blink Charging Co currently standing at about $95.59 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-12.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 126.4M, with a low estimate of 26.12M and a high estimate of 28.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 27.6M.
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 price of BLNK currently trading nearly -4.67% and -14.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.15, while the 7-day volatility ratio is showing 5.39% which for the 30-day chart, stands at 8.63%. Furthermore, Blink Charging Co (BLNK)’s beta value is 2.95, and its average true range (ATR) is 0.08.
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 -6.46% in last session, and over the past year, it shrunk by -60.47%%.
Data on historical trading for Blink Charging Co (NASDAQ:BLNK) indicates that the trading volumes over the past 10 days have averaged 4.08 and over the past 3 months, they’ve averaged 4.28 million. According to company’s latest data on outstanding shares, there are 101.17 million shares outstanding.
Nearly 8.74% of Blink Charging Co’s shares belong to company insiders and institutional investors own 33.61% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 23.94 million shares as on 2025-03-14, resulting in a short ratio of 5.44. According to the data, the short interest in Blink Charging Co (BLNK) stood at 2510.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 25.73 million. The stock has fallen by -32.03% 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.
