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Blink Charging (BLNK): too late to buy?

May 17, 2018


Blink Charging (NASDAQ:BLNK) is up 36% in today's training upon reporting excellent Q1 results. What can you expect now? And if you're a trader, is it too late to buy? Let's look at the results first. The two main lines of business reported double-digit growth: charging service revenue increased 14% (to $306K) and network fee revenue climbed 16% ($57K). Blink Charging Chairman Michael Farkas noted that the company is focused on the nationwide growth of charging stations at commercial and residential properties, as Electric Vehicles (EVs) gain a more significant share of the vehicle market. Now, let's look at the technical analysis of the stock. While the short- and mid-term sentiment looks very strong, long-term sentiment seems to be a little more pessimistic.

S&P Capital notes that the stock is overvalued, and its analysis of the stock also indicates low quality and stability. The quality metric uses fundamental data to assess a company’s overall earnings quality in relation to its peers. Growth Stability is an assessment of how stable the growth of earnings and cash flow has been over time.


The traders are excited about the overall potential for the company and are by-and-large ignoring the fundamentals. Important to note is that this company that owns, operates and provides EV charging equipment and services, swang to profit in Q1. Net income for the quarter was at $2.2 million (in contrast to a loss of $3.1 million in the prior-year period), and the market reacted accordingly.

Blink Charging (BLNK): too late to buy?  

Finstead Bites Read our insightful, bite-sized news about the stock market. Get your investment scoop quickly and efficiently.

Blink Charging (BLNK): too late to buy?  

Finstead Bites Read our insightful, bite-sized news about the stock market. Get your investment scoop quickly and efficiently.

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