Blink Charging (NASDAQ:BLNK - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at HC Wainwright in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $5.00 target price on the stock. HC Wainwright's target price would suggest a potential upside of 385.44% from the stock's previous close.
BLNK has been the subject of a number of other reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Blink Charging in a research note on Tuesday, May 13th. Stifel Nicolaus cut their price objective on Blink Charging from $2.00 to $1.00 and set a "hold" rating for the company in a research report on Tuesday, May 27th. Finally, Barclays cut their price objective on Blink Charging from $1.50 to $1.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 23rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Blink Charging presently has a consensus rating of "Hold" and an average target price of $2.13.
View Our Latest Report on BLNK
Blink Charging Stock Performance
Shares of NASDAQ BLNK opened at $1.03 on Tuesday. The stock has a fifty day moving average price of $0.96 and a two-hundred day moving average price of $0.91. The firm has a market cap of $105.80 million, a P/E ratio of -0.52 and a beta of 2.96. Blink Charging has a 1 year low of $0.63 and a 1 year high of $2.32.
Blink Charging (NASDAQ:BLNK - Get Free Report) last issued its quarterly earnings results on Monday, August 18th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.09). The firm had revenue of $28.67 million for the quarter, compared to the consensus estimate of $22.46 million. Blink Charging had a negative net margin of 184.37% and a negative return on equity of 39.14%. On average, research analysts predict that Blink Charging will post -0.64 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Blink Charging
A number of institutional investors and hedge funds have recently modified their holdings of BLNK. Invesco Ltd. lifted its holdings in shares of Blink Charging by 19.4% in the fourth quarter. Invesco Ltd. now owns 987,444 shares of the company's stock valued at $1,373,000 after purchasing an additional 160,251 shares in the last quarter. Barclays PLC lifted its holdings in shares of Blink Charging by 14.0% in the fourth quarter. Barclays PLC now owns 198,075 shares of the company's stock valued at $275,000 after purchasing an additional 24,371 shares in the last quarter. PEAK6 LLC purchased a new stake in shares of Blink Charging in the fourth quarter valued at $139,000. Dimensional Fund Advisors LP purchased a new stake in shares of Blink Charging in the fourth quarter valued at $79,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Blink Charging by 29.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 155,833 shares of the company's stock valued at $217,000 after purchasing an additional 35,811 shares in the last quarter. Institutional investors and hedge funds own 44.64% of the company's stock.
Blink Charging Company Profile
(
Get Free Report)
Blink Charging Co, through its subsidiaries, owns, operates, manufactures, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types.
Further Reading
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