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..
