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Wednesday, September 27, 2023

Investors’ Patience Is Being Tested Right Now By Blink Charging Co. (NASDAQ: BLNK)

After Hours

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. After-hours trades for Blink Charging Co. (BLNK) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $3.93. The Blink Charging Co. has recorded 318,624 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Blink Charging Awarded Utah State Contract Making EV Charging Procurement Easier and More Convenient for Government Agencies.

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Stocks Info

Blink Charging Co. is listed on the NASDAQ as a member of the Industrials sector and is a part of the Engineering & Construction industry. At the end of the last regular session, the stock closed at $3.93 and fluctuated between $4.0595 as its day high and $3.8600 as its day low. The current market capitalization of Blink Charging Co. is $258.32M. A total of 3.47 million shares were traded on the day, compared to an average of 2.16M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, BLNK has seen 1 BUY and 13 SELL insider trades, representing the acquisition of 4,510 and the disposition of 528,391 shares. Over the last 12 months, there were 15 BUYs and 52 SELLs from insiders. Insiders purchased 1,538,835 shares during that period but sold 1,556,972.

In the most recent transaction, FARKAS MICHAEL D sold 26,000 shares of BLNK for 3.93 per share on Sep 15. After the transaction, the Former Director Chairman & CEO now owns 2,812,616 company shares. In a previous transaction on Sep 14, FARKAS MICHAEL D sold 26,000 shares at 3.61 per share. BLNK shares that Former Director Chairman & CEO owns now total 2,838,616.

Among the insiders who sold shares, FARKAS MICHAEL D disposed of 26,000 shares on Sep 13 at a per-share price of $3.77. This resulted in the Former Director Chairman & CEO holding 2,864,616 shares of BLNK after the transaction. In another insider transaction, FARKAS MICHAEL D sold 26,000 shares at $3.73 per share on Sep 12. Company shares held by the Former Director Chairman & CEO now total 2,890,616.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for BLNK in the last 3 months, the mean price target is $15.29 with high estimates of $50.00 and low estimates of $5.32. In terms of 52-week highs and lows, BLNK has a high of $24.23 and a low of $3.46.

As of this writing, BLNK has an earnings estimate of -$0.48 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.35 per share and a lower estimate of -$0.7. The company reported an EPS of -$0.53 in the last quarter, which was -15.20% lower than expectations of -$0.46.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. BLNK’s latest balance sheet shows that the firm has $174.79M in Cash & Short Term Investments as of fiscal 2021. There were $2.09M in debt and $16.23M in liabilities at the time. Its Book Value Per Share was $5.18, while its Total Shareholder’s Equity was $213.83M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 3.50.

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