Monday, March 1, 2021
Only Bitcoin Market News
Advertisement
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

Bitcoin Tops $48,000 for the First Time After Tesla’s Purchase

3 weeks ago
in stock
2 min read
Bitcoin Tops $48,000 for the First Time After Tesla’s Purchase
Share on FacebookShare on Twitter


Bloomberg

EV Company With Almost No Revenue Posts 3,000% Gain in 8 Months

(Bloomberg) — There is nothing about the finances of Blink Charging Co. that would suggest it’s one of the hottest stocks in America.It’s never posted an annual profit in its 11-year history; it warned last year it could go bankrupt; it’s losing market share, pulls in anemic revenue and has churned through management in recent years.And yet a hot stock it is. Investors have bid Blink’s share price up 3,000% over the past eight months. Only seven stocks — out of about 2,700 that are worth at least $1 billion — have risen more over that time. The reason: Blink is a green-energy company, an owner and operator of charging stations that power up electric vehicles. And if investors are certain of one thing in the mania that is sweeping through financial markets, it is that green companies are can’t-miss, must-own investments of the future.No stock better captures this euphoria than Blink. With a market capitalization of $2.17 billion as of Monday, its enterprise value-to-sales ratio — a common metric to gauge whether a stock is overvalued — has blown out to 481. For some context, at Tesla Inc. — the darling of the EV world and a company with a very rich valuation itself — that number is just 26.“Everything about it is wrong,” said Andrew Left, the founder of Citron Research. “It is just a cute name which caught the eye of retail investors.”Citron was one of a handful of firms that bet against Blink last year, putting on short-sale trades that would pay off if the share price fell. It’s one of several wagers against stocks favored by the retail-investment crowd that have gone against Citron — with GameStop Corp. being the most high-profile — and prompted Left to declare Jan. 29 that the firm was abandoning its research into short-selling targets. Overall short interest on Blink — a gauge of the amount of wagers against the stock — has fallen to under 25% of free-floating shares from more than 40% in late December.For the short-sellers, one of the things that raised alarms is that several figures tied to Blink, including CEO and Chairman Michael Farkas, were linked to companies that ran afoul of securities regulations years ago.Farkas dismisses this and the other criticisms lobbied by the shorts. “There have been and always will be naysayers,” Farkas said in an email. “When I founded the business, the naysayers questioned whether the shift to EV was real. Now, as the value of our business grows, the naysayers tend to be the short sellers.”Also See: Bloomberg Intelligence’s Environmental, Social, and Corporate Governance DashboardIn the CrosshairsMaking money on charging is, historically, a losing proposition. In theory, a model like Blink’s that involves both equipment sales and collecting user fees could become consistently profitable as government support accelerates EV adoption. But no one’s done it yet.“This market is still too…



Read more:Bitcoin Tops $48,000 for the First Time After Tesla’s Purchase

Related articles

Bitcoin Tumbles to $43K, Lowest in Three Weeks

Bitcoin Tumbles to $43K, Lowest in Three Weeks

February 28, 2021
Bitcoin bombshell: Crypto king’s slump nears $44,000 as it heads for biggest weekly

Bitcoin bombshell: Crypto king’s slump nears $44,000 as it heads for biggest weekly

February 28, 2021
Tags: Bitcoinbitcoin news todayPurchaseTeslasTimeTops

Related Posts

Bitcoin Tumbles to $43K, Lowest in Three Weeks

Bitcoin Tumbles to $43K, Lowest in Three Weeks

by Bitcoin Market
February 28, 2021
0

BloombergBuffett’s ‘Tone Deaf’ Annual Letter Skirts Major Controversies(Bloomberg) -- Warren Buffett’s 15-page annual letter to shareholders on Saturday made...

Bitcoin bombshell: Crypto king’s slump nears $44,000 as it heads for biggest weekly

Bitcoin bombshell: Crypto king’s slump nears $44,000 as it heads for biggest weekly

by Bitcoin Market
February 28, 2021
0

The decline in Bitcoin prices has pushed its market cap down from $1.04 trillion last Sunday to $833 billion...

Bank of America Issues Warning About Potential Stock Market Bubble

Bank of America Issues Warning About Potential Stock Market Bubble

by Bitcoin Market
February 27, 2021
0

bunhill / Getty ImagesAs Bitcoin breaks the $50,000 mark and the Dow hovers in the low 30,000s, a new...

Market Wrap: Bitcoin Heads for Worst Week Since March as Prices Hold Around $46.5K

Market Wrap: Bitcoin Heads for Worst Week Since March as Prices Hold Around $46.5K

by Bitcoin Market
February 27, 2021
0

Bitcoin’s price turned choppy on Friday as the No. 1 cryptocurrency by market capitalization logged its worst weekly performance...

Bitcoin Slides in Worst Weekly Drop Since March Amid Selloff

Bitcoin Slides in Worst Weekly Drop Since March Amid Selloff

by Bitcoin Market
February 26, 2021
0

BloombergErcot Still Short $1.3 Billion in Energy Payments: Texas Update(Bloomberg) -- A second day of marathon hearings on Texas’s...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
Bitcoin boom backstopped by central banks’ easy-money policies

Bitcoin boom backstopped by central banks’ easy-money policies

February 4, 2021
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
Bitcoin flash crash knocks Elon Musk off rich list top spot

Bitcoin flash crash knocks Elon Musk off rich list top spot

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
Bitcoin flash crash knocks Elon Musk off rich list top spot

Bitcoin flash crash knocks Elon Musk off rich list top spot

March 1, 2021
Applied Elliott Wave Webinar: Bitcoin, Crude, Gold, SPX, Nifty & Amazon [Video]

Applied Elliott Wave Webinar: Bitcoin, Crude, Gold, SPX, Nifty & Amazon [Video]

March 1, 2021
Tether Allegedly Received Ransom Note Demanding 500 BTC – CoinDesk

Tether Allegedly Received Ransom Note Demanding 500 BTC – CoinDesk

March 1, 2021
Bitcoin uses more electricity than Argentina, Norway, study finds

Bitcoin uses more electricity than Argentina, Norway, study finds

March 1, 2021
As Crypto Markets Plunge $400 Billion, Coinbase Reveals Major Bitcoin And Ethereum

As Crypto Markets Plunge $400 Billion, Coinbase Reveals Major Bitcoin And Ethereum

March 1, 2021
Crypto Exchange INX to Raise C$25M, List on TSVX for ‘Added Credibility’

Crypto Exchange INX to Raise C$25M, List on TSVX for ‘Added Credibility’

March 1, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$47,337.003.92%
  • bitcoin-cashBitcoin Cash(BCH)$482.873.82%
  • binance-coinBinance Coin(BNB)$236.859.45%
  • bitcoin-goldBitcoin Gold(BTG)$25.351.71%
  • bitcoin-privateBitcoin Private(BTCP)$0.71360.93%
  • blocktixBlocktix(TIX)$0.0200.00%