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.