Blink Charging Co. (NASDAQ:BLNK) Relative Strength Index (RSI) is 80.56, with weekly volatility at 18.24% and ATR at 4.68. The BLNK stock’s 52-week price range has touched low of $1.25 and a $39.71 high. Intraday shares traded counted 26.63 million, which was -160.85% lower than its 30-day average trading volume of 10.21M. Its shares traded higher over the last trading session, gaining 28.89% on 12/22/20. The shares fell to a low of $38.66 before closing at $48.49. BLNK’s previous close was $37.62 while the outstanding shares total 31.38M. The firm has a beta of 4.31.
Investors have identified the Specialty Retail company Blink Charging Co. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.52 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Blink Charging Co. (BLNK) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 19.17 million total, with 6.18 million as their total liabilities.
BLNK were able to record -10.84 million as free cash flow during the Q3 2020 quarter of the year, this saw their quarterly net cash flow reduce by 10.72 million. In cash movements, the company had a total of -10.16 million as operating cash flow.
Potential earnings growth for Blink Charging Co. (BLNK)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the Q3 2020 quarter of the year, Blink Charging Co. recorded a total of 0.91 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 15.56% coming in sequential stages and their sales for the Q3 2020 quarter reducing by -73.62%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 0.54 million trying to sell their products during the last quarter, with the result yielding a gross income of 0.37 million. This allows shareholders to hold on to 31.38M with the recently reported earning now reading -0.12 cents per share. This is a figure that compared to analyst’s prediction for their Q3 2020 (-0.12 cents a share).
Having a look at the company’s valuation, the company is expected to record -0.22 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on BLNK sounds very interesting.
Is the stock of BLNK attractive?
In related news, Director, Marks Kenneth R. bought 10,000 shares of the company’s stock in a transaction that recorded on Sep 01. The purchase was performed at an average price of 6.97, for a total value of 69,725. As the purchase deal closes, the Director, LEVINE JACK now bought 10,000 shares of the company’s stock, valued at 83,000. Also, Director, LEVINE JACK bought 10,000 shares of the company’s stock in a deal that was recorded on Aug 25. The shares were cost at an average price of 8.00 per share, with a total market value of 80,000. Following this completion of disposal, the Director, LEVINE JACK now holds 5,287 shares of the company’s stock, valued at 14,380. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.
1 out of 1 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Blink Charging Co.. 0 analysts has assigned a Sell rating on the BLNK stock. The 12-month mean consensus price target for the company’s shares has been set at $15.00.