Likely to Underpin Top-Line Growth: Blink Charging Co. (BLNK)

As it stands, a total of 1 analysts are covering BLNK stock, with 1 of them rating it as a Buy while 0 of them rating it as Overweight. 0 analysts meanwhile advised investors to Hold, 0 rated it as Underweight while the 0 rated it as a Sell. A look at the overall ratings means that Blink Charging Co. (BLNK) stock has an average rating of Buy.

Blink Charging Co. (BLNK) which is currently valued at 71.61 million, with the company publishing its last earnings report on 11/12/2019, for the recent quarter of 2019. In that quarter, the company recorded a revenue of 1.01 million, which was same as the forecast of 1.01 million made by some analysts. For that same quarter, Blink Charging Co. (BLNK) posted $0.03 earnings per share (EPS) which was above the analyst consensus estimate of -$0.13 by $0.16, which represents an increase by 123.10%.

The stock market has a tendency to become sophisticated sometimes, even for seasoned investors and traders. Even when a trader got what he/she had expected, the market sometimes decides to move in the opposite direction. This volatility sometimes leads to some traders doubting and second-guessing their moves. This is why getting to know historical price performance, as well as both long-term and short-term trends, is very important. Over the past one week, BLNK price has surged by 39.58%. A look at its price performance over the past three months sees the stock go up by 29.47%, while it has gain 0.37% over the past six months and 24.65% since the start of the year.

Let us now look at some of its likely support and resistance level. Recent research on Blink Charging Co. (BLNK) has seen its stock trading -21.18% below its three-month high price. A look at the other side also sees stock trading +78.67% above its three-month low. A wider look sees BLNK trading -21.18% below its 52-week high and 78.67% above from its 52-week low price.

Shareholders of the company sometimes like to find out how their investments are growing. Blink Charging Co. (BLNK) has so far given an ROE of -62.90%. When the ROE is low, it means that the company isn’t generating enough profits. The Return on Assets (ROA) ratio meanwhile is an indication of how profitable a company is relative to the total asset it owns. Blink Charging Co. (BLNK)’s ROA at the moment stands at -46.20%. Any company that is managing its assets better will have a higher return while one that manages assets poorly would result in low returns.

Blink Charging Co. (BLNK) has a return on investment (ROI) of -43.30%. The higher the ROI percentage, the higher the profit exceeds the costs, thus analysts consider such investments as an overall gain. A negative ROI, however, means that the cost is higher than the profits, a scenario analysts consider as a net loss.

Let us now take a look at Blink Charging Co. (BLNK)’s trading volatility. Its 7-day volatility is around 23.36%, while it has a monthly volatility of 8.79%. BLNK has an ATR (Average True Range) of 0.23 and a beta factor of 3.43. The volatility of a stock is an indication of the stock’s drop or gain in case the wider market drops or surges. A beta score higher than 1 means that a stock is highly volatile while below 1 means that the volatility of a stock is low.

The price of BLNK lifted by $0.43 during the normal trading session on Thursday to trade at $2.68. The Blink Charging Co. (BLNK) stock has a trading volume of 9.21 million shares, which is high, compared to its average daily volume of 311.83K shares.