Is Blink Charging Co. (NASDAQ: BLNK) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Blink Charging Co. (BLNK) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.17, or -5.86%, to $18.79. Volume reached 2,649 shares, with price reaching a high of $18.8 and a low of $18.63. Most recently, Yahoo Finance reported about the stock as it publicized that Brown Investment Properties & Windsor Companies Power Up the Battleground Office Building with SemaConnect EV Charging Stations.

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Stocks Info

BLNK belongs to the Consumer Cyclical sector of the NASDAQ while operating in the Specialty Retail industry. At the end of the last regular session, the stock closed at $18.63 and fluctuated between $20.04 as its day high and $17.89 as its day low. The current market capitalization of Blink Charging Co. is $998.01M. A total of 1.4 million shares were traded on the day, compared to an average of 959.70K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, BLNK has seen 10 BUY and 0 SELL insider trades, representing the acquisition of 633,713 and the disposition of 0 shares. Over the last 12 months, there were 22 BUYs and 13 SELLs from insiders. Insiders purchased 919,628 shares during that period but sold 350,000.

In the most recent transaction, Reddy Mahidhar sold 10,815 shares of BLNK for 20.83 per share on Sep 20. After the transaction, the CEO of a Blink Subsidiary now owns 178,104 company shares. In a previous transaction on Sep 19, Reddy Mahidhar sold 10,815 shares at 21.98 per share. BLNK shares that CEO of a Blink Subsidiary owns now total 188,919.

Among the insiders who sold shares, Reddy Mahidhar disposed of 10,815 shares on Sep 16 at a per-share price of $21.85. This resulted in the CEO of a Blink Subsidiary holding 199,734 shares of BLNK after the transaction. In another insider transaction, Hillo Aviv sold 10,000 shares at $23.77 per share on Sep 15. Company shares held by the General Counsel now total 115,026.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for BLNK in the last 3 months, the mean price target is $27.13 with high estimates of $50.00 and low estimates of $15.00. In terms of 52-week highs and lows, BLNK has a high of $49.00 and a low of $13.60.

As of this writing, BLNK has an earnings estimate of $-0.45 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $-0.32 per share and a lower estimate of $-0.56. The company reported an EPS of $-0.41 in the last quarter, which was -13.89% lower than expectations of $-0.36.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 8 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BLNK is Overweight with a score of 3.71. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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