How Is Blink Charging Co. (BLNK) Moving After Today's Reports?

BLNK investors were likely spooked this afternoon by Barrons's report: "Blink Charging Gets Big USPS Contract. The Stock Drops. ..." For more coverage, read the full article here. On the back of this news, Blink Charging Co. sank -1.81% to a price of $7.61. Are the markets overreacting?

Blink Charging Co. owns, operates and provides electric vehicle (EV) charging equipment and network EV charging services in the United States. The company belongs to the Industrials sector, which has an average price to earnings (P/E) ratio of 20.49 and an average price to book (P/B) ratio of 3.78. In contrast, Blink Charging Co. has a trailing 12 month P/E ratio of -4.07 and a P/B ratio of 2.348.

Blink Charging Co. has moved -67.52% over the last year compared to -11.78% for the S&P 500 -- a difference of -55.74%. Blink Charging Co. has a 52 week high of $29.99 and a 52 week low of $7.55. At today's price of $7.61 per share, Blink Charging Co. is -64.72% away from its target price of $21.57, and on average, analysts give the stock a rating of hold. 23% of the company's shares are linked to short positions, and 31% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.