Blink Charging (BLNK) Sees Large Volume Increase

Blink Charging Co (NASDAQ:BLNK) shares saw unusually-high trading volume on Wednesday . Approximately 966,296 shares traded hands during trading, a decline of 15% from the previous session’s volume of 1,130,267 shares.The stock last traded at $3.26 and had previously closed at $3.18.

BLNK has been the subject of a number of recent analyst reports. HC Wainwright reiterated a “buy” rating and set a $5.00 target price on shares of Blink Charging in a research report on Wednesday, April 3rd. Zacks Investment Research upgraded shares of Blink Charging from a “hold” rating to a “buy” rating and set a $3.25 target price for the company in a research report on Friday, April 5th.

The stock has a market capitalization of $83.39 million, a PE ratio of -2.51 and a beta of 5.42. The company has a current ratio of 3.97, a quick ratio of 3.74 and a debt-to-equity ratio of 0.02.

Blink Charging (NASDAQ:BLNK) last posted its quarterly earnings data on Monday, April 1st. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.05. The firm had revenue of $0.92 million during the quarter, compared to analysts’ expectations of $0.58 million. Blink Charging had a negative net margin of 127.89% and a negative return on equity of 24.88%. Equities research analysts expect that Blink Charging Co will post -0.45 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Essex Investment Management Co. LLC acquired a new stake in shares of Blink Charging during the 4th quarter worth approximately $128,000. Man Group plc bought a new position in Blink Charging during the 3rd quarter worth approximately $143,000. Vanguard Group Inc. boosted its stake in Blink Charging by 36.0% during the 3rd quarter. Vanguard Group Inc. now owns 490,049 shares of the company’s stock worth $1,201,000 after acquiring an additional 129,833 shares during the last quarter. Vanguard Group Inc boosted its stake in Blink Charging by 36.0% during the 3rd quarter. Vanguard Group Inc now owns 490,049 shares of the company’s stock worth $1,201,000 after acquiring an additional 129,833 shares during the last quarter. Finally, Blue Fin Capital Inc. bought a new position in Blink Charging during the 1st quarter worth approximately $1,050,000. Hedge funds and other institutional investors own 8.81% of the company’s stock.

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Blink Charging Company Profile (NASDAQ:BLNK)

Blink Charging Co owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based software that operates, maintains, and tracks various Blink EV charging stations and associated charging data, as well as provides property owners, managers, and parking companies with cloud-based services that enable the remote monitoring and management of EV charging stations and payment processing.

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