Shares of Blink Charging Co. Are Skyrocketing - Can This Trend Continue?

This morning we watched Blink Charging Co. rise 1.8% to a price of $7.67 per share. The small-cap Oil & Gas Equipment & Services company is now trading -63.07% below its average target price of $20.78. Analysts have set target prices ranging from $11.0 to $50.0 per share for Blink Charging Co., and have given the stock an average rating of hold.

The stock has an unusually large proportion of its shares sold short at 23.7%, and a short ratio of 4.86. 16.59% of the corporation's outstanding shares are owned by its managers and directors, indicating a strong degree of alignment between their interests and those of other shareholders. Finally, we also note that only a small number of institutional investors are invested in the stock, with 30.2% of Blink Charging Co.'s shares being owned by this investor type.

Institutions Invested in Blink Charging Co.

Date Reported Holder Percentage Shares Value
2022-12-31 Blackrock Inc. 12% 2,979,948 $22,871,101
2022-12-31 Vanguard Group, Inc. (The) 9% 2,185,138 $16,770,934
2022-12-31 State Street Corporation 5% 1,300,066 $9,978,006
2022-12-31 Credit Suisse Ag/ 5% 1,216,878 $9,339,538
2022-12-31 Invesco Ltd. 4% 949,436 $7,286,921
2022-12-31 Great-West Life Assurance Company 3% 850,457 $6,527,257
2022-12-31 Geode Capital Management, LLC 3% 749,360 $5,751,338
2022-12-31 Candriam Luxembourg S.C.A. 3% 707,343 $5,428,857
2022-12-31 Wellington Management Group, LLP 2% 468,050 $3,592,283
2022-12-31 Bank of America Corporation 2% 402,301 $3,087,660

Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Blink Charging Co..

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.