The sell-off in growth stocks amid rising inflation and interest rates only exacerbated investors' fears, which is why Blink Charging stock ended May on such a weak note. Now what Despite Blink Charging's big losses and cash burn, investor interest in the stock is unlikely to wane.
Full Answer
What happened to Blink charging stock in May?
Blink Charging ( BLNK 5.55%) was among the several clean energy stocks that announced its first-quarter earnings in May. The dramatic jump in Blink Charging's first-quarter revenue susprised many, but the electric vehicle (EV) charging stock still ended the month down 16.6%, according to data provided by S&P Global Market Intelligence.
How did Blink charging’s earnings beat analysts’ estimates?
Blink Charging reported quarterly losses of 45 cents per share which missed the analyst consensus estimate of a loss of 39 cents. Blink Charging also reported quarterly sales of $7.95 million which beat the analyst consensus estimate of $5.43 million by 46%.
What is the Wall Street consensus on Blink charging stock?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blink Charging in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Blink Charging stock. View analyst ratings for Blink Charging or view top-rated stocks.
Does Blink charging boast high insider ownership?
17.10% of the stock of Blink Charging is held by insiders. A high percentage of insider ownership can be a sign of company health. Only 37.96% of the stock of Blink Charging is held by institutions.
Why is blink stock going down?
Blink Charging Stock Forecast: The Bottom Line It's mostly due to the cost of lithium batteries used to power everything, and those prices are going down as we speak. This leads the way for a brighter future with less carbon waste from gas-guzzling vehicles like the Tesla Cybertruck and Nissan Leaf.
Should I sell Blink Charging stock?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blink Charging in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Blink Charging stock.
Is blink a good investment?
Blink Charging has been incurring losses for years. ChargePoint, too, is incurring losses since it went public in early 2021. ChargePoint is still years away from profits, and the company expects to generate positive EBITDA in 2024.
Should I buy or sell Blink stock?
The consensus among 7 Wall Street analysts covering (NASDAQ: BLNK) stock is to Buy BLNK stock.
Does Blink charging have a future?
Market experts suggest that Blink Charging is a good buying option right now. It has already had a few good years and is likely to continue growing in the future. If you're looking for a strong stock investment, you've found it in BLNK.
Is BLNK overvalued?
Valuation metrics show that Blink Charging Co. may be overvalued. Its Value Score of F indicates it would be a bad pick for value investors. The financial health and growth prospects of BLNK, demonstrate its potential to underperform the market.
Does Tesla use blink?
Blink chargers can be used with ALL EVs. We use J1772 plugs and Tesla-compatible adapters, perfect for cars charging at any level.
How is Blink stock doing?
Stock Quote (U.S.: Nasdaq) | MarketWatch....Performance.5 Day4.86%1 Month-13.21%3 Month-33.56%YTD-39.80%1 Year-58.92%
Which EV charging stock is the best?
Volta Inc. (NYSE:VLTA) is among the top EV charging stocks to buy now because of its volatile approach of combining digital media with charging stations to drive its revenue.
Does BLNK stock pay dividends?
BLINK CHARGING (NASDAQ: BLNK) does not pay a dividend.
Is NIO a buy or sell?
Out of 33 analysts covering Nio stock, 31 rate it a buy. Two analysts have a hold and no one has a sell, FactSet says.
How does blink make money?
Blink pays for the equipment and the installation, while the host pays low monthly fees to Blink, yet the host sets their own charging fees and keeps 100% of the charging revenue for themselves. All equipment is monitored and maintained by Blink. With this business model, you can begin to make a profit quickly.