NASDAQ:BLNKBlink Charging Stock Price, Forecast & News

$7.55

+0.46 (+6.49 %)

(As of 07/9/2020 04:00 PM ET)

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Today's Range

$7.22

Now: $7.55▼

$8.35

50-Day Range

$1.65

MA: $2.89▼

$8.40

52-Week Range

$1.25

Now: $7.55▼

$8.50

Volume11.76 million shs

Average Volume10.20 million shs

Market Capitalization$212.16 million

P/E RatioN/A

Dividend YieldN/A

Beta2.54

Blink Charging Co. owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based software that operates, maintains, and tracks various Blink EV charging stations and associated charging data, as well as provides property owners, managers, and parking companies with cloud-based services that enable the remote monitoring and management of EV charging stations and payment processing. In addition, the company provides EV charging hardware, site recommendations, and maintenance services. It has strategic partnerships across transit/destination locations, including airports, auto dealers, healthcare/medicals, hotels, mixed-use, municipal locations, multifamily residential and condos, parks and recreation areas, parking lots, religious institutions, restaurants, retailers, schools and universities, stadiums, supermarkets, transportation hubs, and workplace locations. The company offers its services through field sales force and reseller partners. As of March 20, 2018, it had approximately 14,165 charging stations. It has a strategic partnership with Hubject GmbH. The company was formerly known as Car Charging Group, Inc. and changed its name to Blink Charging Co. in August 2017. Blink Charging Co. is headquartered in Hollywood, Florida.

Beat the Market (BTM) Rank^™

1.5 Analyst's Opinion

Consensus Rating
Blink Charging has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $5.00, Blink Charging has a potential downside of 33.8% from its current price of $7.55.
Amount of Analyst Coverage
Blink Charging has only been the subject of 1 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Blink Charging has received 106 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Blink Charging has received 120 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Blink Charging has received 53.10% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Blink Charging and other stocks. Vote “Outperform” if you believe BLNK will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BLNK will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Blink Charging does not currently pay a dividend.
Dividend Growth
Blink Charging does not have a long track record of dividend growth.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Blink Charging insiders have bought more of their company's stock than they have sold. Specifically, they have bought $129,781.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 28.70% of the stock of Blink Charging is held by insiders.
Percentage Held by Institutions
Only 6.02% of the stock of Blink Charging is held by institutions.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Blink Charging are expected to grow in the coming year, from ($0.36) to ($0.22) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Blink Charging is -18.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Blink Charging is -18.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Blink Charging has a P/B Ratio of 26.96. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.49 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Power, distribution & specialty transformers

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:BLNK

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.blinkcharging.com

Phone305-521-0200

Debt

Debt-to-Equity Ratio0.01

Current Ratio1.42

Quick Ratio1.09

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$2.76 million

Price / Sales76.87

Cash FlowN/A

Price / Cash FlowN/A

Book Value$0.28 per share

Price / Book26.96

Profitability

EPS (Most Recent Fiscal Year)($0.37)

Net Income$-9,650,000.00

Net Margins-307.75%

Return on Equity-123.47%

Return on Assets-80.15%

Miscellaneous

Employees39

Outstanding Shares28,100,000

Market Cap$212.16 million

Next Earnings Date8/12/2020 (Estimated)

OptionableOptionable

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Blink Charging (NASDAQ:BLNK) Frequently Asked Questions

How has Blink Charging's stock been impacted by COVID-19 (Coronavirus)?

Blink Charging's stock was trading at $2.12 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, BLNK stock has increased by 256.1% and is now trading at $7.55. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Blink Charging?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blink Charging in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Blink Charging.

When is Blink Charging's next earnings date?

Blink Charging is scheduled to release its next quarterly earnings announcement on Wednesday, August 12th 2020. View our earnings forecast for Blink Charging.

How were Blink Charging's earnings last quarter?

Blink Charging Co (NASDAQ:BLNK) announced its earnings results on Wednesday, May, 13th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.09) by $0.02. The company earned $1.30 million during the quarter, compared to the consensus estimate of $1.19 million. Blink Charging had a negative return on equity of 123.47% and a negative net margin of 307.75%. View Blink Charging's earnings history.

What price target have analysts set for BLNK?

2 brokerages have issued 1 year price targets for Blink Charging's stock. Their forecasts range from $5.00 to $5.00. On average, they anticipate Blink Charging's share price to reach $5.00 in the next year. This suggests that the stock has a possible downside of 33.8%. View analysts' price targets for Blink Charging.

Has Blink Charging been receiving favorable news coverage?

Press coverage about BLNK stock has trended neutral this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Blink Charging earned a news sentiment score of 0.5 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news about Blink Charging.

Are investors shorting Blink Charging?

Blink Charging saw a increase in short interest in June. As of June 30th, there was short interest totaling 1,860,000 shares, an increase of 7.5% from the June 15th total of 1,730,000 shares. Based on an average daily trading volume, of 472,700 shares, the short-interest ratio is presently 3.9 days. Currently, 9.2% of the company's stock are sold short. View Blink Charging's Current Options Chain.

Who are some of Blink Charging's key competitors?

Some companies that are related to Blink Charging include QAD (QADA), Tucows (TC), Monotype Imaging (TYPE), Stratasys (SSYS), CEVA (CEVA), Criteo (CRTO), Carbonite (CARB), Calix (CALX), Nasstar (NASA), 3D Systems (DDD), Eventbrite (EB), i3 Verticals (IIIV), Oxford Instruments (OXIG), Sitime (SITM) and Nearmap (NEA). View all competitors.

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 General Electric (GE), Alibaba Group (BABA), NIO (NIO), NVIDIA (NVDA), Advanced Micro Devices (AMD), Bank of America (BAC), Cronos Group (CRON), AT&T (T), Intel (INTC) and Walt Disney (DIS).

Who are Blink Charging's key executives?

Blink Charging's management team includes the following people:

Mr. Michael D. Farkas, Founder, Chairman & CEO (Age 47)
Mr. James C. Christodoulou, Pres, COO & Director (Age 59)
Mr. Jonathan New, Chief Financial Officer (Age 59)
Mr. Michael J. Calise Jr., Sr. VP of Sales (Age 58)
Mr. Ira B. Feintuch, Advisor (Age 48)

When did Blink Charging IPO?

(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.

What is Blink Charging's stock symbol?

Blink Charging trades on the NASDAQ under the ticker symbol "BLNK."

How do I buy shares of Blink Charging?

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

What is Blink Charging's stock price today?

One share of BLNK stock can currently be purchased for approximately $7.55.

How big of a company is Blink Charging?

Blink Charging has a market capitalization of $212.16 million and generates $2.76 million in revenue each year. The company earns $-9,650,000.00 in net income (profit) each year or ($0.37) on an earnings per share basis. Blink Charging employs 39 workers across the globe.

What is Blink Charging's official website?

The official website for Blink Charging is www.blinkcharging.com.

How can I contact Blink Charging?

Blink Charging's mailing address is 407 LINCOLN ROAD, MIAMI BEACH FL, 33139. The company can be reached via phone at 305-521-0200.

This page was last updated on 7/10/2020 by MarketBeat.com Staff

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