S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
NASDAQ:BLNK

Blink Charging (BLNK) Stock Price, News & Analysis

$2.98
+0.38 (+14.62%)
(As of 03/27/2024 ET)
Today's Range
$2.61
$2.99
50-Day Range
$2.24
$3.54
52-Week Range
$2.18
$8.90
Volume
10.87 million shs
Average Volume
8.33 million shs
Market Capitalization
$300.95 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$9.00

Blink Charging MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
202.0% Upside
$9.00 Price Target
Short Interest
Bearish
19.36% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.78mentions of Blink Charging in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.84) to ($0.48) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.73 out of 5 stars

Computer And Technology Sector

356th out of 591 stocks

Miscellaneous Transportation Equipment Industry

3rd out of 6 stocks

BLNK stock logo

About Blink Charging Stock (NASDAQ:BLNK)

Blink Charging Co. is a leading electric vehicle (EV) charging equipment and services provider in the United States. The company aims to accelerate EV adoption by providing reliable and affordable charging solutions. With a comprehensive network of charging stations, Blink is committed to making EV charging accessible to all.

Blink Charging Co. was founded in 2009 and is headquartered in Miami Beach, Florida. The company designs, manufactures, and operates EV charging equipment and software platforms for commercial and residential use. Its products include Level 2 AC charging stations, DC fast charging stations, and mobile charging solutions.

Blink's charging stations are strategically located in high-traffic areas such as shopping malls, airports, hotels, and parking garages. Its target market includes individual EV owners, fleet operators, and property owners looking to provide charging services to their tenants and customers.

Blink Charging Co. has partnered with major automakers, including BMW, Nissan, and General Motors. In addition, the company has received several awards and recognitions for its innovative technology, including the CES Innovation Award and the Frost & Sullivan New Product Innovation Award.

Blink Charging Co.'s management team is led by Michael D. Farkas, founder and Chief Executive Officer. Farkas has over 25 years of experience in the finance and real estate industries and has been instrumental in the growth of Blink Charging Co.

The company's leadership team also includes several seasoned executives with extensive experience in the EV industry. President and Director Brendan S. Jones has over 20 years of experience in corporate finance and has held senior positions at several publicly traded companies.

Chief Financial Officer, Michael Rama, has over 30 years of experience in the automotive industry and has previously held leadership roles at Ford Motor Company and General Motors.

Blink Charging Co.'s revenue has grown rapidly over the past few years. However, the company has reported net losses in these years, primarily due to significant investments in research and development and expansion efforts.

With these losses, Blink Charging Co.'s balance sheet has weakened, with cash flow changing from a positive $152 million in 2021 to a negative $138 million at the end of 2022. The company's debt levels are low, but in the same timeframe of 2021 to 2022, the company's debt level increased over five times. These liabilities are primarily comprised of lease obligations. In addition, the company has completed several successful financing rounds, including a $350 million equity offering in March 2021.

Blink Charging Co.'s valuation metrics are higher than the industry average, with price-to-sales and price-to-book ratios much higher than Blink's peers. The company has been addressing its valuation concerns, including announcing plans to expand its charging network and partnering with several major automakers to provide charging solutions for their electric vehicles. These initiatives have helped to restore investor confidence in the company's growth potential.

Blink Charging operates in the electric vehicle (EV) charging infrastructure industry, which is expected to experience significant growth in the coming years. The global EV charging infrastructure market is expected to grow from $25 billion in 2020 to $190 billion by 2030, representing a compound annual growth rate of over 25%.

The industry is highly competitive, with several established players such as ChargePoint, EVgo, and Electrify America already in the market. Additionally, there is a risk of new entrants, including traditional energy companies and automakers, looking to expand their presence in the EV charging infrastructure space.

To maintain its competitive position, Blink Charging focuses on expanding its charging network and partnering with automakers to provide charging solutions for its customers. The company has also been investing in technology to improve the user experience and reduce charging times, which it believes will be a key factor in driving the adoption of electric vehicles.

Blink Charging has several growth opportunities, including expanding its charging network, partnering with automakers, and expanding into new markets.

One of the critical risks facing Blink Charging is the risk of competition from established players in the EV charging infrastructure industry. The industry is highly competitive, with several companies vying for market share. Another risk facing Blink Charging is the risk of regulatory changes that could impact the industry. Governments worldwide are introducing policies to promote the adoption of electric vehicles, which could benefit the industry. However, there is also a risk that governments could change policies or regulations to impact the sector negatively.

Blink Charging is also exposed to the risk of changes in consumer preferences. While the adoption of electric vehicles is expected to grow in the coming years, there is a risk that consumers could shift towards alternative modes of transportation, such as hydrogen fuel cell vehicles or autonomous vehicles, which could impact the growth prospects of the EV charging infrastructure industry.

BLNK Stock Price History

BLNK Stock News Headlines

The 7 Best Penny Stocks to Buy in Q2 2024
3 EV Charging Stocks to Buy on the Dip: March 2024
Altcoin FRENZY Alert…
Bitcoin recently crossed the highest price in its 15-year history… Less than 2 years after one of the most vicious crypto market meltdowns we've ever seen! Bitcoin's BOOM also sent shockwaves through the altcoin market, with select coins seeing HUGE moves in a matter of days… Like Fetch.ai, that gained over 350% in just the last 30 days…
The 3 Best EV Charging Stocks to Buy in Q2 2024
the most reliable asset on earth is making a comeback
Global tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.
BLNK Mar 2024 7.000 call
See More Headlines
Receive BLNK Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Blink Charging and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
11/09/2023
Today
3/27/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous transportation equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:BLNK
Employees
564
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$9.00
High Stock Price Target
$15.00
Low Stock Price Target
$5.00
Potential Upside/Downside
+202.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$-203,690,000.00
Net Margins
-144.88%
Pretax Margin
-143.81%

Debt

Sales & Book Value

Annual Sales
$140.60 million
Cash Flow
$0.15 per share
Book Value
$3.12 per share

Miscellaneous

Free Float
85,138,000
Market Cap
$300.95 million
Optionable
Optionable
Beta
2.78
A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for April 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

Key Executives

  • Mr. Brendan S. Jones (Age 60)
    CEO, President & Director
    Comp: $867.9k
  • Mr. Michael D. Farkas (Age 52)
    Founder
    Comp: $3.4M
  • Mr. Michael P. Rama (Age 58)
    Chief Financial Officer
    Comp: $903.2k
  • Mr. Harjinder S. Bhade (Age 60)
    Chief Technology Officer
    Comp: $689.91k
  • Mr. Aviv Hillo Adv. (Age 60)
    Esq., General Counsel, Executive VP of M&A and Director
    Comp: $627.16k
  • Mr. Mahidhar Reddy (Age 63)
    Director & Chief Executive Officer of SemaConnect, LLC
    Comp: $210.51k
  • Mr. Michael C. Battaglia (Age 53)
    Chief Operating Officer
  • Mr. Vitalie Stelea
    Vice President of Investor Relations
  • Ms. Jenifer Yokley
    Senior Vice President of Global Marketing
  • Mr. Miko de Haan
    President of Blink Europe & Emerging Markets

BLNK Stock Analysis - Frequently Asked Questions

Should I buy or sell Blink Charging stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blink Charging in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BLNK shares.
View BLNK analyst ratings
or view top-rated stocks.

What is Blink Charging's stock price target for 2024?

6 brokerages have issued 1 year price targets for Blink Charging's stock. Their BLNK share price targets range from $5.00 to $15.00. On average, they anticipate the company's stock price to reach $9.00 in the next twelve months. This suggests a possible upside of 202.0% from the stock's current price.
View analysts price targets for BLNK
or view top-rated stocks among Wall Street analysts.

How have BLNK shares performed in 2024?

Blink Charging's stock was trading at $3.39 at the beginning of 2024. Since then, BLNK stock has decreased by 12.1% and is now trading at $2.98.
View the best growth stocks for 2024 here
.

Are investors shorting Blink Charging?

Blink Charging saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 19,550,000 shares, an increase of 6.6% from the February 29th total of 18,340,000 shares. Based on an average trading volume of 8,940,000 shares, the days-to-cover ratio is currently 2.2 days.
View Blink Charging's Short Interest
.

When is Blink Charging's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our BLNK earnings forecast
.

How were Blink Charging's earnings last quarter?

Blink Charging Co. (NASDAQ:BLNK) announced its earnings results on Thursday, November, 9th. The company reported ($0.16) EPS for the quarter, beating analysts' consensus estimates of ($0.46) by $0.30. The firm had revenue of $43.38 million for the quarter, compared to analysts' expectations of $30.29 million. Blink Charging had a negative trailing twelve-month return on equity of 29.26% and a negative net margin of 144.88%. The business's revenue was up 151.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.47) earnings per share.

What guidance has Blink Charging issued on next quarter's earnings?

Blink Charging issued an update on its FY 2024 earnings guidance on Thursday, March, 14th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $165.0 million-$175.0 million, compared to the consensus revenue estimate of $171.2 million.

What other stocks do shareholders of Blink Charging own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Blink Charging investors own include NIO (NIO), NVIDIA (NVDA), Workhorse Group (WKHS), Advanced Micro Devices (AMD), Tesla (TSLA), Plug Power (PLUG), Inovio Pharmaceuticals (INO), Sorrento Therapeutics (SRNE), Micron Technology (MU) and QUALCOMM (QCOM).

When did Blink Charging IPO?

Blink Charging (BLNK) raised $23 million in an initial public offering on the week of February 12th 2018. The company issued 4,600,000 shares at a price of $5.00 per share. Joseph Gunnar acted as the underwriter for the IPO and Benchmark and Dawson James Securities were co-managers.

Who are Blink Charging's major shareholders?

Blink Charging's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (4.29%), Vanguard Group Inc. (4.29%), Barclays PLC (1.50%), Stifel Financial Corp (1.11%), Citadel Advisors LLC (0.00%) and Quadrature Capital Ltd (0.68%). Insiders that own company stock include Aviv Hillo, Donald Engel, Jack Levine, Mahidhar Reddy and Michael D Farkas.
View institutional ownership trends
.

How do I buy shares of Blink Charging?

Shares of BLNK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:BLNK) was last updated on 3/28/2024 by MarketBeat.com Staff

From Our Partners