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One-Page Summary of Equity Valuations: Blink Charging Co. (BLNK) Stock

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Needham raised the price target for the Blink Charging Co. (NASDAQ:BLNK) stock to “a Buy”. The rating was released on May 11, 2021. The research report from ROTH Capital has initiated the stock to Buy, with a price target set at $67.


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Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of -$0.18 during the last quarter as opposed to a consensus estimate of -$0.17, which indicates the company missed its estimate by -$0.01, which implies that the company surprised the market by -5.90%. It appears that the average earnings per share estimate for the current quarter (ending in Jun 2021) is -$0.16. This is an average of 3 analysts’ earnings, where the high earnings per share estimate is -$0.12 and the low earnings per share estimate is -$0.2. According to 3 analyst estimates, an average revenue estimate of $2.67M is projected for the current quarter with a high revenue estimate of $3.1M and a low estimate of $2.4M.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of Blink Charging Co. (NASDAQ:BLNK) raised 3.49% to close Friday’s market session at $34.09, higher as compared to yesterday’s close. The stock price fluctuated between $32.5702 and $34.13 throughout the trading session with the volume trading being 2541442 shares, which represented a significant variation when compared to the three months average volume of 4.28 million shares. The firm’s stock price fluctuated 13.82% within the last five trades and -3.56% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 130.65% in the last 6 months and -19.33% was subtracted to its value over the previous 3 months. BLNK stock is trading at a margin of 1.54%, -6.65% and 23.52% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, BLNK deals in the Consumer Cyclical domain. The stock is trading -47.15 percent below its 52-week high and 1979.04 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 119.71. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Blink Charging Co.’s Profitability and Valuation Ratios Tell Us About the Stock?

The stock’s market cap achieved a total value of $1.38 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 192.09 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 5.77, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 3.60 percent of Blink Charging Co. shares are owned by insiders, and 28.20 percent are held by financial institutions. Engel Donald, the Business Development Officer at Blink Charging Co. (BLNK) has sold 46,113 shares of firm on Feb 01 at a price of $48.81 against the total amount of $2.25 million. In another inside trade, Engel Donald, Business Development Officer of Blink Charging Co. (NASDAQ:BLNK) sold 60,868 shares of the firm on Jan 29 for a total worth of $3.05 million at a price of $50.05. An inside trade which took place on Jan 28, Business Development Officer of Blink Charging Co. Engel Donald sold 60,000 shares of firm against total price of $3.29 million at the cost of $54.87 per share.

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