Blink Charging - BLNK Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Blink Charging in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BLNK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BLNK, but not buy additional shares or sell existing shares.
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6 analysts have issued 1 year target prices for Blink Charging's shares. Their BLNK share price forecasts range from $14.00 to $50.00. On average, they predict the company's stock price to reach $22.88 in the next year. This suggests a possible upside of 198.6% from the stock's current price.
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Blink Charging's stock was trading at $10.97 at the beginning of the year. Since then, BLNK stock has decreased by 30.2% and is now trading at $7.66.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
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Blink Charging Co. (NASDAQ:BLNK) released its quarterly earnings data on Thursday, November, 11th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.24) by $0.12. The firm earned $6.40 million during the quarter, compared to analysts' expectations of $4.68 million. Blink Charging had a negative trailing twelve-month return on equity of 32.47% and a negative net margin of 149.76%. During the same period last year, the company posted ($0.12) EPS.

ETFs with the largest weight of Blink Charging (NASDAQ:BLNK) stock in their portfolio include Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV), WisdomTree Battery Value Chain and Innovation Fund (WBAT), SPDR S&P Kensho Intelligent Structures ETF (SIMS), SPDR S&P Kensho Smart Mobility ETF (HAIL), Invesco WilderHill Clean Energy ETF (PBW), Fidelity Electric Vehicles and Future Transportation ETF (FDRV), ALPS Clean Energy ETF (ACES) and iShares Self-Driving EV and Tech ETF (IDRV).

Blink Charging issued an update on its FY 2023 earnings guidance on Tuesday, February, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $100.00 million-$110.00 million, compared to the consensus revenue estimate of $91.57 million.

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).

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

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

Blink Charging's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Credit Suisse AG (2.36%), Geode Capital Management LLC (1.45%), Susquehanna International Group LLP (0.00%), First Trust Advisors LP (0.64%), Bank of America Corp DE (0.00%) and Charles Schwab Investment Management Inc. (0.56%). Insiders that own company stock include Aviv Hillo, Donald Engel, Jack Levine, Kenneth R Marks, Mahidhar Reddy and Michael D Farkas.
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Shares of BLNK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BLNK stock can currently be purchased for approximately $7.66.

Blink Charging (NASDAQ:BLNK) has a market capitalization of $462.43 million and generates $61.14 million in revenue each year. The company earns $-91,560,000.00 in net income (profit) each year or ($1.94) on an earnings per share basis.

The company employs 191 workers across the globe.

Blink Charging's mailing address is 407 LINCOLN ROAD, MIAMI BEACH FL, 33139. The official website for the company is www.blinkcharging.com. The company can be reached via phone at (305) 521-0200, via email at ir@blinkcharging.com, or via fax at 305-521-0201.