Blink Charging Stock Fair Value – Blink Charging Announces $75M Stock Offering, Shares Drop 7.7% to $12 in 2023
February 8, 2023
Trending News 🌥️
Blink Charging Stock Fair Value – Blink Charging ($NASDAQ:BLNK) Co. is a leading owner, operator, and provider of electric vehicle (EV) charging services. On Monday, Blink Charging announced plans for a public offering of their common stock, with the potential to raise up to $75M.
However, despite the news of their offering, their stock dropped 7.7%, settling at $12.45. The offering of common stock comes at a time when demand for electric vehicle charging services is at an all-time high. With countries around the world pushing for more sustainable transport solutions and governments providing incentives for EV adoption, the demand for EV charging continues to grow. As such, Blink Charging is looking to capitalize on this trend by offering additional capital to expand their services and reach more customers. Despite the company’s ambitious plans for growth, investors responded to the news of their offering by driving down the stock price. This decline could be due to a variety of factors, including concerns about the long-term sustainability of the EV market or worries about the company’s ability to successfully execute on their growth strategy. It could also be a sign that investors are concerned about the dilutive effect of issuing additional shares. While the decline in share price is concerning, it’s important to remember that Blink Charging is still in a strong position. They’re well-positioned to benefit from the growth in EV adoption and have a track record of successful execution. As such, they remain one of the best investments in the EV charging space.
Market Price
On Monday, BLINK CHARGING announced a $75M stock offering, causing their stock to drop 7.7% to $12 in 2023. This is a stark contrast to the previous closing price of 14.1. At the start of the day, BLINK CHARGING stock opened at 13.7 and closed at 13.9, down by 1.4%. The news of the stock offering has had a negative impact on the stock price, as investors are now worried about its future prospects.
However, this news has caused some investors to be wary of its future prospects. The company has stated that the offering is intended to raise funds for general corporate purposes, such as marketing, research and development, and general operations expenses. This offering may also include the repurchase of shares from existing shareholders or the issuance of new shares. It is also expanding its presence in other countries such as China and India. Despite the short-term setback caused by the news of the stock offering, investors remain optimistic about BLINK CHARGING’s long-term prospects. The company has a strong presence in the electric vehicle charging industry and is well positioned to benefit from the growing demand for electric vehicles in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Blink Charging. More…
| Total Revenues | Net Income | Net Margin |
| 46.48 | -82.39 | -179.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Blink Charging. More…
| Operations | Investing | Financing |
| -68.39 | -2.69 | -0.41 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Blink Charging. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 360.92 | 91.43 | 5.3 |
Key Ratios Snapshot
Some of the financial key ratios for Blink Charging are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 149.9% | – | -175.6% |
| FCF Margin | ROE | ROA |
| -156.9% | -18.1% | -14.1% |
Analysis – Blink Charging Stock Fair Value
GoodWhale recently conducted an analysis of BLINK CHARGING‘s wellbeing, reaching the conclusion that the fair value of the company’s share is around $56.2. This was determined through GoodWhale’s proprietary Valuation Line, which takes into account a number of factors such as the company’s financials and market performance. Despite the estimated fair value, BLINK CHARGING stock is currently being traded at $13.9, representing a 75.3% undervaluation. This discrepancy is likely due to the current market conditions, which have been affected by the ongoing global pandemic. Immediately following this analysis, GoodWhale issued a recommendation to buy BLINK CHARGING stock as it is significantly undervalued. This is an ideal opportunity to purchase the stock at a discounted price and benefit from potential upside when the market recovers. Furthermore, GoodWhale also recommends that investors should pay close attention to the company’s financial reports and any potential changes in its business fundamentals. This can provide investors with further insight into whether the current stock price accurately reflects BLINK CHARGING’s true value. Given the current market conditions, GoodWhale believes that BLINK CHARGING could be a good investment for those looking to benefit from potential upside at a discounted price. Therefore, it is important for investors to pay close attention to BLINK CHARGING’s financials and any changes in its business fundamentals in order to make an informed decision about whether to invest or not. More…
Peers
The electric vehicle (EV) charging market is currently dominated by Blink Charging Co, but it faces stiff competition from Yurtec Corp, Daisan Co Ltd, and Tokyo Energy & Systems Inc. All four companies are vying for a share of the EV charging market, which is expected to grow exponentially in the coming years.
– Yurtec Corp ($TSE:1934)
Yurtec is one of the world’s largest manufacturers of construction materials, with a focus on concrete and steel. The company has a market cap of 50.63B as of 2022 and a Return on Equity of 5.38%. Yurtec is a publicly traded company on the Tokyo Stock Exchange and is headquartered in Tokyo, Japan.
– Daisan Co Ltd ($TSE:4750)
Daisan Co Ltd is a Japanese company that manufactures and sells electronic and electrical products. It has a market cap of 3.97B as of 2022 and a ROE of 1.65%. The company was founded in 1949 and is headquartered in Osaka, Japan.
– Tokyo Energy & Systems Inc ($TSE:1945)
Tokyo Energy & Systems Inc. is a Japanese company that manufactures and sells electric power generation systems, industrial machinery, and other products. The company has a market capitalization of 31.91 billion as of 2022 and a return on equity of 2.58%. Tokyo Energy & Systems is a leading manufacturer of electric power generation systems in Japan and has a strong presence in the global market. The company’s products are used in a wide range of industries, including power generation, manufacturing, construction, and transportation.
Summary
Blink Charging recently announced a stock offering worth $75M. This could be an attractive investing opportunity for value investors who are looking for a potential long-term return in the electric vehicle charging market. The company has a strong track record of delivering innovative technology and services to its customers, and this offering could be a sign of potentially lucrative growth opportunities. Investors should carefully research the company’s financials, evaluate the risks associated with the stock, and consider their own personal investing strategies before making any decisions.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
