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Wednesday, February 8, 2023

Taking On Challenges And Growing? – Blink Charging Co. (BLNK)

After Hours

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. After-hours trades for Blink Charging Co. (BLNK) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.09%, to $11.24. The Blink Charging Co. has recorded 3,285 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Blink Charging Unveils Five Next-Generation Electric Vehicle Charging Products at CES 2023, Advancing Electrification Around the World.

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Stocks Info

This NASDAQ-listed company operates within the Specialty Retail industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $11.23 and fluctuated between $11.43 as its day high and $10.88 as its day low. The current market capitalization of Blink Charging Co. is $530.62M. A total of 1.24 million shares were traded on the day, compared to an average of 1.16M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, BLNK has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 19 BUYs and 17 SELLs from insiders. Insiders purchased 809,628 shares during that period but sold 125,940.

In the most recent transaction, LEVINE JACK bought 10,000 shares of BLNK for 10.22 per share on Dec 28. After the transaction, the Director now owns 131,641 company shares. In a previous transaction on Sep 27, Hillo Aviv sold 10,000 shares at 18.45 per share. BLNK shares that General Counsel owns now total 105,026.

Among the insiders who sold shares, Reddy Mahidhar disposed of 10,815 shares on Sep 20 at a per-share price of $20.83. This resulted in the CEO of a Blink Subsidiary holding 178,104 shares of BLNK after the transaction. In another insider transaction, Reddy Mahidhar sold 10,815 shares at $21.98 per share on Sep 19. Company shares held by the CEO of a Blink Subsidiary now total 188,919.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for BLNK in the last 3 months, the mean price target is $23.90 with high estimates of $50.00 and low estimates of $12.30. In terms of 52-week highs and lows, BLNK has a high of $29.99 and a low of $9.85.

As of this writing, BLNK has an earnings estimate of -$0.52 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.49 per share and a lower estimate of -$0.56. The company reported an EPS of -$0.36 in the last quarter, which was 12.20% higher than expectations of -$0.41.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 7 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 4 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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