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Blink Stock Joins Elite Group As RS Rating Climbs To 83: Stocks To Watch

Electric vehicle stocks have been on a tear this year. Owners of all those EVs need a place to charge their cars. Blink Charging (BLNK) is among the pioneer charging companies. On Wednesday, Blink stock’s Relative Strength (RS) Rating jumped 12 points to a strong 83, up from 71 the day before.

The 83 RS Rating for Blink stock means the owner/operator of a network of EV charging stations is outperforming 83% of all stocks. Market research shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating as they launch their biggest price moves.

Blink Stock Flashes Strong Growth Signal

Among other key ratings, Blink stock has a 59 Composite Rating, putting it in the top 41% of stocks on a group of key fundamental and technical metrics. The charging companies group that Blink stock belongs to has an excellent A+ Group Rating. Like other young companies it’s spending money to build out infrastructure. So it’s no surprise that it’s losing money. Despite that, institutional investors are intrigued and it boasts a B Accumulation/Distribution Rating, pointing to moderately heavy buying of its shares.

In addition to market leader Tesla (TSLA), nearly every car company is scrambling to launch an EV. That includes legacy giants like General Motors (GM), Ford (F) and Toyota (TM). Also startups like Rivian (RIVN) and Lucid (LCID) in the U.S. It also includes leaders in China like Nio (NIO) and Xpeng (XPEV).

In terms of fundamentals, Miami Beach-based Blink lost 37 cents a share last quarter. The stock watchlist candidate’s revenue surged 603%. Still, it only brought it to $6.4 million for the quarter. The prior three periods its sales rose 250%, 72% and 178%.


Looking For The Best Stocks To Buy And Watch? Start Here


Blink stock is well extended above its 50-day and 10-week lines. However, it’s not currently offering a proper buying opportunity. See if the stock goes on to form a promising consolidation that could kick off a new price move.

Peers In Alternative Energy Group

Blink stock holds the No. 21 rank among its peers in the Energy-Alternative/Other industry group. Enviva Partners (EVA) and Rex American Resources (REX) are among the group’s highest-rated stocks.

As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

This exclusive rating from Investor’s Business Daily measures share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price movement over the last 52 weeks holds up against all the other stocks in our database.

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