|Bid||27.80 x 1000|
|Ask||27.87 x 900|
|Day's Range||26.00 - 29.80|
|52 Week Range||1.25 - 34.67|
|Beta (5Y Monthly)||2.79|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 12, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||15.00|
What happened The stock of Blink Charging (NASDAQ: BLNK), a maker of charging stations for electric vehicles (EVs), is continuing its wild ride today. Shares soared earlier in the week, rising about 80%, before dropping nearly 30% from the week's high.
Electric vehicle stocks have had a great year in 2020, despite a global pandemic that has hampered auto sales and dramatically lowered the number of miles people are driving. Three of our Foolish contributors got together to lay out their most overvalued EV stocks right now, and it should be no surprise that Tesla (NASDAQ: TSLA), Workhorse Group (NASDAQ: WKHS), and Blink Charging (NASDAQ: BLNK) made the list.
Shares of Chinese automaker Li Auto (NASDAQ: LI) are down 6% as of 11:45 a.m. EST. Shares of EV charging station suppliers Blink Charging (NASDAQ: BLNK) and Switchback Energy Acquisition (NYSE: SBE) are dropping 8% and 3%, respectively. Recent investor excitement about EV companies was primed when several Chinese manufacturers reported October sales figures.