Blink Charging Co. (BLNK): Why I’m Not Investing In This Stock Today

Blink Charging Co. (NASDAQ:BLNK) is one of the hottest stocks trading today on the U.S. Markets as the company shares are 5.73% or 0.16 points lower from last closing price of $2.79, reaching $2.6301 at last check. Any clue why there is so much of action in the BLNK stock? The share price has dropped in 1 of the last 5 days and is down -3.79% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -10,453 shares, and in total 129547 shares valued at $340722 were seen changing hands compared with 140000 shares valued at $390600 recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the BLNK stock is near its bottom.

Blink Charging Co. (BLNK) shares have notched a 3-month decline of about -3.79%, but has still advanced 62.21% year to date. By comparison, the stock sank -55.14% over the past 12 months, while it jumped 0.36% over the 1 month. The company’s market cap is around $71.7M, with its short interest ratio standing at 2.97%.

In the current trading session for BLNK, the stock witnessed two major price actions, it rose to a high of $2.79 and was down as much as $2.6131 at one point. The high recorded is very low when compared to their 52-week high which is $1.56. The 52-week high is now at -56.32 distance from current price. Their recent low of $6.09 represents a 70.51% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for BLNK is $5, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.

The stock of Blink Charging Co. earned $1.3 per share in the trailing 12 months and has a P/E ratio of 2.02. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 23.85 and lower compared to the sector’s average of 23. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. BLNK also has P/S multiple of 25.03. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 2.91x.

The company recorded an interesting insider purchase transaction by the Director on Dec 03, 2018. A Securities and Exchanges Commission filings show that Donald Engel bought a total of 45,000 BLNK shares that day for a sum of around $99,000. Blink Charging Co. (BLNK) insiders have acquired no shares in the stock within the past three months. In total, individual insiders traded no shares in the business, which makes up 0% of 1,081,482 shares that were traded over a year. In the past 12 months, insiders have purchased 464,942 shares while the seller parted with 616,540 shares.

BLNK‘s last price was up 2.99% as compared to the average trading price of 50 days recorded at $2.55 while enlarging the period to 200 trading days, the average closing price was $2.82. At present, there are 25.7 million in the total number of common shares owned by the public and among those 15.31 million shares have been available to trade. The percentage of shares being held by the company management was 9.1% while institutions stake was 12.8%. The company has generated negative returns on equity over the last 12 months (0%). It managed to keep its gross profit margin at 29.4% over the past 12 months.

When assessing the full upside of the BLNK stock, there is another set of technicals that should be looked into and considered. Its 5.25% gain from moving average of $2.5 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 3.55 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.

Most of the analysts surveyed by Thomson/First Call think quite highly of Blink Charging Co. — 1 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $5 on shares of Blink Charging Co. (NASDAQ:BLNK), which corresponds to 90.11% upside potential than its current market price of $2.6301 and implies potential despite the recent drop in the price. However, their current target price has fallen from $5 a month ago and is down handily from the consensus target of $5 a quarter ago.

In the last five years, the EPS of the company has been roughly 44.4%. Though the percentage looks encouraging, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by 0%. The revenue of the company has risen at an average annualized rate of about 41.9 over the last five years. The company recently recorded a drop of 0%, but this figure is rather unattractive.

Let’s briefly check the hedge fund interest towards BLNK stock. BlackRock Inc. added position in the company after it grew 46.5% or 251,204 shares of its common stock. The hedge fund now owns 368,014 shares worth $967,914, SEC documents show. Raymond James & Associates shored up assets in the stock as 11812.3 shares have been purchased, increasing its stake by 23.6% to 14,600 shares which are currently valued at $38,399. In addition, Raymond James Financial Services Advisors Inc. recently reported that it now owns 10,600 shares making a total of $27,879 based on the recent price. This refelects a change of 50% in their ownership.