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NASDAQ:BLNK

Blink Charging (BLNK) Stock Price, News & Analysis

$2.29
-0.07 (-2.97%)
(As of 04:37 PM ET)
Today's Range
$2.28
$2.38
50-Day Range
$2.29
$3.54
52-Week Range
$2.18
$7.70
Volume
2.67 million shs
Average Volume
7.09 million shs
Market Capitalization
$231.27 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$9.00

Blink Charging MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
293.0% Upside
$9.00 Price Target
Short Interest
Bearish
22.00% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.40mentions of Blink Charging in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.84) to ($0.48) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.79 out of 5 stars

Computer And Technology Sector

449th out of 585 stocks

Miscellaneous Transportation Equipment Industry

5th out of 6 stocks

BLNK stock logo

About Blink Charging Stock (NASDAQ:BLNK)

Blink Charging Co. is a leading electric vehicle (EV) charging equipment and services provider in the United States. The company aims to accelerate EV adoption by providing reliable and affordable charging solutions. With a comprehensive network of charging stations, Blink is committed to making EV charging accessible to all.

Blink Charging Co. was founded in 2009 and is headquartered in Miami Beach, Florida. The company designs, manufactures, and operates EV charging equipment and software platforms for commercial and residential use. Its products include Level 2 AC charging stations, DC fast charging stations, and mobile charging solutions.

Blink's charging stations are strategically located in high-traffic areas such as shopping malls, airports, hotels, and parking garages. Its target market includes individual EV owners, fleet operators, and property owners looking to provide charging services to their tenants and customers.

Blink Charging Co. has partnered with major automakers, including BMW, Nissan, and General Motors. In addition, the company has received several awards and recognitions for its innovative technology, including the CES Innovation Award and the Frost & Sullivan New Product Innovation Award.

Blink Charging Co.'s management team is led by Michael D. Farkas, founder and Chief Executive Officer. Farkas has over 25 years of experience in the finance and real estate industries and has been instrumental in the growth of Blink Charging Co.

The company's leadership team also includes several seasoned executives with extensive experience in the EV industry. President and Director Brendan S. Jones has over 20 years of experience in corporate finance and has held senior positions at several publicly traded companies.

Chief Financial Officer, Michael Rama, has over 30 years of experience in the automotive industry and has previously held leadership roles at Ford Motor Company and General Motors.

Blink Charging Co.'s revenue has grown rapidly over the past few years. However, the company has reported net losses in these years, primarily due to significant investments in research and development and expansion efforts.

With these losses, Blink Charging Co.'s balance sheet has weakened, with cash flow changing from a positive $152 million in 2021 to a negative $138 million at the end of 2022. The company's debt levels are low, but in the same timeframe of 2021 to 2022, the company's debt level increased over five times. These liabilities are primarily comprised of lease obligations. In addition, the company has completed several successful financing rounds, including a $350 million equity offering in March 2021.

Blink Charging Co.'s valuation metrics are higher than the industry average, with price-to-sales and price-to-book ratios much higher than Blink's peers. The company has been addressing its valuation concerns, including announcing plans to expand its charging network and partnering with several major automakers to provide charging solutions for their electric vehicles. These initiatives have helped to restore investor confidence in the company's growth potential.

Blink Charging operates in the electric vehicle (EV) charging infrastructure industry, which is expected to experience significant growth in the coming years. The global EV charging infrastructure market is expected to grow from $25 billion in 2020 to $190 billion by 2030, representing a compound annual growth rate of over 25%.

The industry is highly competitive, with several established players such as ChargePoint, EVgo, and Electrify America already in the market. Additionally, there is a risk of new entrants, including traditional energy companies and automakers, looking to expand their presence in the EV charging infrastructure space.

To maintain its competitive position, Blink Charging focuses on expanding its charging network and partnering with automakers to provide charging solutions for its customers. The company has also been investing in technology to improve the user experience and reduce charging times, which it believes will be a key factor in driving the adoption of electric vehicles.

Blink Charging has several growth opportunities, including expanding its charging network, partnering with automakers, and expanding into new markets.

One of the critical risks facing Blink Charging is the risk of competition from established players in the EV charging infrastructure industry. The industry is highly competitive, with several companies vying for market share. Another risk facing Blink Charging is the risk of regulatory changes that could impact the industry. Governments worldwide are introducing policies to promote the adoption of electric vehicles, which could benefit the industry. However, there is also a risk that governments could change policies or regulations to impact the sector negatively.

Blink Charging is also exposed to the risk of changes in consumer preferences. While the adoption of electric vehicles is expected to grow in the coming years, there is a risk that consumers could shift towards alternative modes of transportation, such as hydrogen fuel cell vehicles or autonomous vehicles, which could impact the growth prospects of the EV charging infrastructure industry.

BLNK Stock Price History

BLNK Stock News Headlines

3 EV Charging Stocks to Buy Now: Q2 Edition
Forget NVIDIA, buy this $2 AI stock now…
This company is at the center of a trillion-dollar industry, fighting for a piece of a massive $20 billion pentagon contract.
Forget NVIDIA, buy this $2 AI stock now…
This company is at the center of a trillion-dollar industry, fighting for a piece of a massive $20 billion pentagon contract.
The 7 Best Penny Stocks to Buy in Q2 2024
3 EV Charging Stocks to Buy on the Dip: March 2024
The 3 Best EV Charging Stocks to Buy in Q2 2024
BLNK Mar 2024 7.000 call
See More Headlines
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Company Calendar

Last Earnings
3/14/2024
Today
4/19/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous transportation equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:BLNK
Employees
684
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$9.00
High Stock Price Target
$15.00
Low Stock Price Target
$5.00
Potential Upside/Downside
+284.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$-203,690,000.00
Net Margins
-144.88%
Pretax Margin
-143.81%

Debt

Sales & Book Value

Annual Sales
$140.60 million
Cash Flow
$0.13 per share
Book Value
$3.12 per share

Miscellaneous

Free Float
85,138,000
Market Cap
$236.32 million
Optionable
Optionable
Beta
2.77
12 Stocks Corporate Insiders are Abandoning Cover

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Key Executives

  • Mr. Brendan S. Jones (Age 60)
    CEO, President & Director
    Comp: $867.9k
  • Mr. Michael D. Farkas (Age 52)
    Founder
    Comp: $3.4M
  • Mr. Michael P. Rama (Age 58)
    Chief Financial Officer
    Comp: $903.2k
  • Mr. Harjinder S. Bhade (Age 60)
    Chief Technology Officer
    Comp: $689.91k
  • Mr. Aviv Hillo Adv. (Age 60)
    Esq., General Counsel, Executive VP of M&A and Director
    Comp: $627.16k
  • Mr. Mahidhar Reddy (Age 63)
    Director & Chief Executive Officer of SemaConnect, LLC
    Comp: $210.51k
  • Mr. Michael C. Battaglia (Age 53)
    Chief Operating Officer
  • Mr. Vitalie Stelea
    Vice President of Investor Relations
  • Mr. Miko de Haan
    President of Blink Europe & Emerging Markets
  • Mr. Harsha Kollaramajalu
    Executive VP & Head of Global Manufacturing

BLNK Stock Analysis - Frequently Asked Questions

Should I buy or sell Blink Charging stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Blink Charging in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BLNK shares.
View BLNK analyst ratings
or view top-rated stocks.

What is Blink Charging's stock price target for 2024?

6 brokers have issued 1-year price objectives for Blink Charging's stock. Their BLNK share price targets range from $5.00 to $15.00. On average, they expect the company's share price to reach $9.00 in the next twelve months. This suggests a possible upside of 293.0% from the stock's current price.
View analysts price targets for BLNK
or view top-rated stocks among Wall Street analysts.

How have BLNK shares performed in 2024?

Blink Charging's stock was trading at $3.39 at the beginning of 2024. Since then, BLNK shares have decreased by 32.4% and is now trading at $2.29.
View the best growth stocks for 2024 here
.

Are investors shorting Blink Charging?

Blink Charging saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 22,220,000 shares, an increase of 13.7% from the March 15th total of 19,550,000 shares. Based on an average daily volume of 7,410,000 shares, the days-to-cover ratio is presently 3.0 days.
View Blink Charging's Short Interest
.

When is Blink Charging's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our BLNK earnings forecast
.

How were Blink Charging's earnings last quarter?

Blink Charging Co. (NASDAQ:BLNK) issued its earnings results on Thursday, March, 14th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.12. The firm had revenue of $42.71 million for the quarter, compared to the consensus estimate of $43.63 million. Blink Charging had a negative trailing twelve-month return on equity of 29.26% and a negative net margin of 144.88%.

What guidance has Blink Charging issued on next quarter's earnings?

Blink Charging issued an update on its FY 2024 earnings guidance on Thursday, March, 14th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $165.0 million-$175.0 million, compared to the consensus revenue estimate of $171.2 million.

What other stocks do shareholders of Blink Charging own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Blink Charging investors own include NIO (NIO), NVIDIA (NVDA), Workhorse Group (WKHS), Advanced Micro Devices (AMD), Tesla (TSLA), Plug Power (PLUG), Inovio Pharmaceuticals (INO), Sorrento Therapeutics (SRNE), Micron Technology (MU) and QUALCOMM (QCOM).

When did Blink Charging IPO?

Blink Charging (BLNK) raised $23 million in an initial public offering on the week of February 12th 2018. The company issued 4,600,000 shares at $5.00 per share. Joseph Gunnar served as the underwriter for the IPO and Benchmark and Dawson James Securities were co-managers.

Who are Blink Charging's major shareholders?

Blink Charging's stock is owned by a variety of retail and institutional investors. Top institutional investors include IMC Chicago LLC (0.00%) and Capital Advisors Wealth Management LLC (0.01%). Insiders that own company stock include Aviv Hillo, Donald Engel, Jack Levine, Mahidhar Reddy and Michael D Farkas.
View institutional ownership trends
.

How do I buy shares of Blink Charging?

Shares of BLNK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:BLNK) was last updated on 4/19/2024 by MarketBeat.com Staff

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