Blink Charging Co.’s filing revealed that its Chairman & CEO FARKAS MICHAEL D unloaded Company’s shares for reported $1.55 million on Feb 16. In the deal valued at $10.81 per share,143,634 shares were sold. As a result of this transaction, FARKAS MICHAEL D now holds 1,884,433 shares worth roughly $ 17.07 million.
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Then, LEVINE JACK bought 10,000 shares, generating $102,200 in total proceeds. Upon buying the shares at $10.22, the Director now owns 131,641 shares.
Before that, Hillo Aviv sold 10,000 shares. Blink Charging Co. shares valued at $184,500 were divested by the General Counsel at a price of $18.45 per share. As a result of the transaction, Hillo Aviv now holds 105,026 shares, worth roughly $0.95 million.
Needham reiterated its Blink Charging Co. [BLNK] rating to a Buy in a research note published on Monday, October 20, 2022; the price target was $18. PT values the company’s stock at a premium of 49.67 to its Monday closing price. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in mid June with a ‘”a Neutral”‘ rating. Tudor Pickering Holt & Co. began covering BLNK with “Hold” recommendation on April 21, 2022. Needham maintained its rating on February 22, 2022. It rated BLNK as “a Buy”.
Price Performance Review of BLNK
On Monday, Blink Charging Co. [NASDAQ:BLNK] saw its stock jump 0.22% to $9.06. On the same session, the stock had its day’s lowest price of $8.995, but rose to a high of $9.29. Over the last five days, the stock has lost -14.29%. Blink Charging Co. shares have fallen nearly -17.41% since the year began. Nevertheless, the stocks have fallen -62.55% over the past one year. While a 52-week high of $29.99 was reached on 02/02/23, a 52-week low of $8.96 was recorded on 02/24/23. SMA at 50 days reached $11.94, while 200 days put it at $15.97. A total of 2.07 million shares were traded, compared to the trading of 2.91 million shares in the previous session.
Levels Of Support And Resistance For BLNK Stock
The 24-hour chart illustrates a support level at 8.94, which if violated will result in even more drops to 8.82. On the upside, there is a resistance level at 9.24. A further resistance level may holdings at 9.41. The Relative Strength Index (RSI) on the 14-day chart is 31.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.14%. Stochastics %K at 2.94% indicates the stock is a buying.
How much short interest is there in Blink Charging Co.?
A steep rise in short interest was recorded in Blink Charging Co. stocks on Jan 30, 2023, dropping by -1.43 million shares to a total of 11.62 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 13.05 million shares. There was a decline of -12.31%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 25.78% of the overall stock float, the days-to-cover ratio (short ratio) fell to 10.39.
Blink Charging Co. [BLNK] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 2,543,548 shares, or roughly 5.00% of the outstanding BLNK shares. In other words, the investor’s shares have risen by 273,274 from its previous 13-F filing of 2270274.0. Additionally, The Vanguard Group, Inc. increased 0.36% of its stake after which the total value it holdings stand at $28,478,081, while SSgA Funds Management, Inc. added 21.19% of its stake to hold $17.69 million in the firm. Over the last quarter, Credit Suisse International purchased 1,044,675 shares of Blink Charging Co., while Invesco Capital Management LLC bought 160,411 shares. At present, Irish Life Investment Managers Lt is holding 875,561 shares valued at $11.92 million. Canada Life Investment Management owned 850,457 shares of the company at the time of its most recent 13F filing, worth $11.57 million.
However, 8 analysts have rated BLNK stock as an Overweight in their predictions for 2023.