Blink Charging (NASDAQ: BLNK) trades lower after short seller Culper Research calls the company a scheme to pillage minority investors to the benefit of insiders. "We believe that the Company has vastly exaggerated the size of its EV charging network in order to siphon money from the pockets of investors to insiders.
Why did Blink charging stock collapse today?
Shares of electric-car charging network operator Blink Charging ( NASDAQ:BLNK) collapsed today, falling 9.2% by 1:30 p.m. EST, and for reasons having nothing to do with its business. It was the company's CEO who seems to have shot Blink in the foot.
How much did David Farkas lose selling Blink stock?
Farkas reaped total gross proceeds of $22.1 million from his stock sale, but Blink shareholders are taking a $200 million loss to market capitalization today as investors digest last night's news, and wonder why Blink's own boss was willing to sell so many shares at such a discount to Blink's then-current price.
When is Blink charging's next quarterly earnings announcement?
Blink Charging is scheduled to release its next quarterly earnings announcement on Thursday, March 24th 2022. View our earnings forecast for Blink Charging. How were Blink Charging's earnings last quarter? Blink Charging Co. (NASDAQ:BLNK) issued its quarterly earnings data on Thursday, November, 11th.
What are analysts'target prices for Blink charging's stock?
6 Wall Street analysts have issued 1-year target prices for Blink Charging's stock. Their forecasts range from $29.00 to $50.00. On average, they expect Blink Charging's share price to reach $38.50 in the next twelve months. This suggests a possible upside of 45.2% from the stock's current price.
Is Blink stock a good buy?
The Blink Charging Co stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock.
Is Blink Charging 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.
What is the future of Blink stock?
Stock Price Forecast The 7 analysts offering 12-month price forecasts for Blink Charging Co have a median target of 25.00, with a high estimate of 50.00 and a low estimate of 16.00. The median estimate represents a +58.13% increase from the last price of 15.81.
Does Blink Charging have a future?
Traders and investors who participated in our study said shares of Blink will increase off heightening interest for their proprietary cloud-based electric vehicle charging station software and an embrace towards clean energy by the incoming Biden administration.
Is BLNK profitable?
Blink Charging isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing.
How does Blink charging make money?
The company, which employs about 150 people following the Blue Corner deal, makes money by selling stations to commercial and residential customers. It also owns some stations and makes money through contracts with property owners, splitting the revenue generated through the sale of electricity to drivers.
Where will BLNK stock be in 5 years?
Based on our forecasts, a long-term increase is expected, the "BLNK" stock price prognosis for 2027-06-04 is 41.943 USD. With a 5-year investment, the revenue is expected to be around +131.98%. Your current $100 investment may be up to $231.98 in 2027. Get It Now!
What is Nio price target?
The 30 analysts offering 12-month price forecasts for NIO Inc have a median target of 30.36, with a high estimate of 82.31 and a low estimate of 21.92. The median estimate represents a +67.35% increase from the last price of 18.14.
Does BLNK stock pay dividends?
BLINK CHARGING (NASDAQ: BLNK) does not pay a dividend.
Why is blink stock higher than ChargePoint?
ChargePoint has more revenue, charging stations and market cap, but Blink looks positioned to grow faster. So there is a risk and return trade-off: more risk-averse investors can choose ChargePoint, and investors who are looking for more upside can choose Blink.
How many Blink charging stations are there in the USA?
Operated by Car Charging Group Inc., Blink offers over 4,000 public charging stations in the United States. You can see the live availability of their stations on the ChargeHub charging station map.. It also offers residential charging stations.
How many employees does Blink charging have?
67 totalBlink Charging Co. has 67 total employees across all of its locations and generates $20.94 million in sales (USD).
Why is blink stock higher than ChargePoint?
ChargePoint has more revenue, charging stations and market cap, but Blink looks positioned to grow faster. So there is a risk and return trade-off: more risk-averse investors can choose ChargePoint, and investors who are looking for more upside can choose Blink.
Is EVgo a good stock to buy?
In short, EVgo is progressing well and has immense growth potential, considering the increase in EVs and the rising demand for charging infrastructure. However, the stock is suitable only for investors with a high appetite for risk.
How many Blink charging stations are there?
About Blink Charging Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a leader in electric vehicle (EV) charging equipment that has deployed over 23,000 charging stations, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of its charging locations worldwide.
How do I invest in EV markets?
Key Takeaways. The two key ways to invest in electric vehicles are to buy the stock of automakers that focus on making EVs, such as Tesla, or buy an exchange-traded fund that invests primarily in companies tied to EVs.
Is Blink Charging a buy right now?
8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Blink Charging in the last year. There are currently 5 h...
When is Blink Charging's next earnings date?
Blink Charging is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022. View our earnings forecast for Bli...
How were Blink Charging's earnings last quarter?
Blink Charging Co. (NASDAQ:BLNK) posted its quarterly earnings data on Monday, May, 9th. The company reported ($0.36) EPS for the quarter, topping...
What price target have analysts set for BLNK?
8 analysts have issued 1-year target prices for Blink Charging's stock. Their forecasts range from $17.00 to $50.00. On average, they anticipate Bl...
Who are Blink Charging's key executives?
Blink Charging's management team includes the following people: Mr. Michael D. Farkas , Founder, Chairman & CEO (Age 50, Pay $703.76k) Mr. Brend...
Who are some of Blink Charging's key competitors?
Some companies that are related to Blink Charging include Nabtesco (NCTKF) , Wallbox (WBX) , Volta (VLTA) , ADS-TEC Energy (ADSE) , T.J.T. (AX...
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 (...
When did Blink Charging IPO?
(BLNK) raised $23 million in an IPO on the week of February 12th 2018. The company issued 4,600,000 shares at a price of $5.00 per share. Joseph Gu...
What is Blink Charging's stock symbol?
Blink Charging trades on the NASDAQ under the ticker symbol "BLNK."
What happened
Blink Charging (NASDAQ: BLNK) stock tumbled 11.8% in 12:50 p.m. ET trading Monday after analysts at investment bank Cowen & Co. downgraded shares of the electric car -charging network builder.
So what
So when push came to shove, Cowen...blinked and downgraded the stock. In a note covered by StreetInsider.com this morning, Cowen pointed to the "torrid run" Blink stock has enjoyed "on renewed EV and EV charging euphoria," sending Blink stock up 51% since the beginning of October.
Now what
I'll say it is! At its current market capitalization north of $1.6 billion, Blink stock is richly valued for a stock that has never earned a profit in its history -- worse, a stock that no analysts see turning profitable at any time in the foreseeable future.
NASDAQ: BLNK
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What happened
Blink Charging ( BLNK -1.36% ) stock is tumbling today and was down 10.8% as of 10:45 a.m. EDT. Blame its second-quarter numbers that were released on Aug. 11 after market close.
So what
Consensus estimates called for 55% growth in Blink Charging's second-quarter revenue and a loss of $0.16 a share.
NASDAQ: BLNK
The electric-vehicle charging company's revenue jumped a whopping 177% year over year to $4.4 million, but it incurred a loss of $13.5 million, or $0.32 per share. Management cited two broad reasons for the loss: higher compensation and general and administrative expenses.
Now what
Blink Charging's Q2 sales growth was undeniably impressive, but the company barely generated $6.6 million in sales through the first half of 2021, is far from profitability, and continues to sell shares to raise cash.
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Signals & Forecast
The Blink Charging Co stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
Support, Risk & Stop-loss
Blink Charging Co finds support from accumulated volume at $24.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is Blink Charging Co stock A Buy?
Blink Charging Co holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Insiders are negative selling more shares than they are buying in Blink Charging Co
In the last 100 trades there were 1.42 million shares bought and 2.23 million shares sold. The last trade was done 79 days ago by Farkas Michael D who sold 100 thousand shares. In general the insiders are selling more stocks than they buy. There can be a variety of reasons for this, but in general it can be considered as a negative signal.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
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Where is Blink charging station?
Blink Charging Co’s (NASDAQ: BLNK) European subsidiary, Blue Corner, has signed a contract to sell and operate EV charging stations at the KU Leuven campuses across Belgium. The sales and operations contract is valued at about $1.8 million.
How much is the EV charging station market worth?
As the adoption of electric vehicles (EV) is rising, the demand for EV charging stations is also rising. According to a Fortune Business Insights report, the global EV charging station market was worth $39.70 billion in 2019 and is expected to reach $100.96 billion by 2027, indicating a compounded annual growth rate (CAGR) of 23.24% . Using the TipRanks Stock Comparison tool, let us compare two EV charging station companies, Blink Charging Co. and ChargePoint Holdings, and see how Wall Street an
Is blink charging a Russell 2000 stock?
Blink Charging ( NASDAQ: BLNK), the young company rid ing the current wa ve of popularity with electric vehicle companies, said Monday its stock will become a component of the Russell 2000 index. The Russell 2000 is the most popular index of small-cap stocks on the market, so fresh inclusion on it instantly raises a company's profile. It also makes it a target for the numerous index funds that concentrate on the Russell 2000 or trawl for small-cap companies on various indexes more generally.
Is ChargePoint bigger than Blink?
To begin with, ChargePoint is bigger than Blink Charging in terms of number of charging stations, revenue, and market share. Oilprice.com • 11 days ago.
How many shares does Farkas own in blink?
It's also worth noting that even after Tuesday's sale, Farkas continues to own 6.7 million shares of Blink, so he still has a big stake in Blink's success. This may be small comfort to shareholders who are smarting from today's losses, but at least it's some comfort.
Does Rich Smith have a position in Motley Fool?
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Prev. 1. 2.
Blink Charging Earnings
Estimates: Wall Street expected a net loss of 11 cents a share, flat vs. a year ago, as sales leap 141% to $1.69 million, according to Zacks Investment Research. The company has a history of losses and sales growth has been volatile. The company missed earnings views the last three quarters in a row.
Blink Charging Stock
Shares fell 3.9% late after closing up 0.4% at 35.22 in Thursday's stock market trading, well under the 50-day line after a sharp and broad sell-off for EV stocks. Blink Charging stock has lost almost half its value since peaking in January.