Blink Charging Co. (NASDAQ:BLNK - Free Report) - B. Riley issued their Q4 2024 earnings per share (EPS) estimates for Blink Charging in a note issued to investors on Tuesday, March 4th. B. Riley analyst R. Pfingst forecasts that the company will post earnings per share of ($0.18) for the quarter. The consensus estimate for Blink Charging's current full-year earnings is ($0.64) per share. B. Riley also issued estimates for Blink Charging's FY2025 earnings at ($0.58) EPS.
BLNK has been the subject of a number of other reports. Needham & Company LLC reiterated a "buy" rating on shares of Blink Charging in a report on Wednesday, January 15th. UBS Group lowered their price objective on Blink Charging from $2.00 to $1.70 and set a "neutral" rating on the stock in a report on Monday, January 27th. Benchmark reaffirmed a "buy" rating and set a $5.00 target price on shares of Blink Charging in a research note on Tuesday, November 12th. Finally, Barclays lowered their price target on Blink Charging from $3.00 to $1.50 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $5.09.
Check Out Our Latest Analysis on Blink Charging
Blink Charging Price Performance
Shares of Blink Charging stock traded down $0.12 during trading on Thursday, hitting $0.92. The stock had a trading volume of 6,467,435 shares, compared to its average volume of 4,970,697. The stock has a market cap of $93.33 million, a PE ratio of -0.61 and a beta of 2.86. Blink Charging has a 12 month low of $0.87 and a 12 month high of $3.75. The firm's fifty day simple moving average is $1.24 and its 200-day simple moving average is $1.59.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of BLNK. Geode Capital Management LLC boosted its holdings in shares of Blink Charging by 10.7% in the third quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company's stock worth $3,982,000 after buying an additional 222,949 shares during the period. Barclays PLC raised its stake in shares of Blink Charging by 238.4% during the 3rd quarter. Barclays PLC now owns 173,704 shares of the company's stock worth $299,000 after purchasing an additional 122,367 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Blink Charging in the third quarter valued at approximately $48,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Blink Charging by 10.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 819,108 shares of the company's stock valued at $1,409,000 after purchasing an additional 79,969 shares during the last quarter. Finally, Orion Portfolio Solutions LLC bought a new stake in shares of Blink Charging during the 3rd quarter worth about $90,000. 44.64% of the stock is owned by institutional investors and hedge funds.
Blink Charging Company Profile
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Blink Charging Co, through its subsidiaries, owns, operates, manufactures, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types.
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