Blink Charging Co. (NASDAQ:BLNK) Receives Average Recommendation of “Hold” from Brokerages

Shares of Blink Charging Co. (NASDAQ:BLNK) have been given an average recommendation of “Hold” by the five analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $3.00.

A number of research analysts have commented on BLNK shares. Wall Street Zen raised Blink Charging from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of Blink Charging in a report on Friday, May 22nd.

Institutional Trading of Blink Charging

Hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd bought a new stake in Blink Charging during the 3rd quarter valued at $31,000. Squarepoint Ops LLC bought a new stake in Blink Charging during the 3rd quarter valued at $33,000. Engineers Gate Manager LP raised its stake in Blink Charging by 58.8% during the 2nd quarter. Engineers Gate Manager LP now owns 29,312 shares of the company’s stock valued at $28,000 after acquiring an additional 10,851 shares in the last quarter. State of Wyoming bought a new stake in shares of Blink Charging in the 4th quarter worth $29,000. Finally, J. Derek Lewis & Associates Inc. bought a new stake in shares of Blink Charging in the 4th quarter worth $30,000. Institutional investors own 44.64% of the company’s stock.

Blink Charging Price Performance

Shares of NASDAQ BLNK opened at $0.65 on Friday. Blink Charging has a fifty-two week low of $0.45 and a fifty-two week high of $2.65. The business has a 50 day moving average price of $0.75 and a two-hundred day moving average price of $0.75. The firm has a market cap of $93.39 million, a PE ratio of -0.97 and a beta of 2.03.

Blink Charging (NASDAQ:BLNK) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. Blink Charging had a negative return on equity of 83.40% and a negative net margin of 73.75%.The firm had revenue of $20.78 million during the quarter, compared to analyst estimates of $21.70 million. On average, analysts anticipate that Blink Charging will post -0.17 earnings per share for the current year.

About Blink Charging

Blink Charging Co is a provider of electric vehicle (EV) charging solutions, offering a nationwide network of charging stations and related software services. The company designs, develops and markets Level 2 AC and DC fast charging equipment, as well as a cloud-based management platform that enables real-time monitoring, analytics and payment processing. Its integrated approach addresses the needs of commercial, residential and fleet customers looking to deploy EV infrastructure.

Blink’s product portfolio includes a suite of charging stations suitable for parking garages, retail locations, hospitality venues and multiunit dwellings.