Blinkx (BLNX) Share Price LSE Monday 3 November 2014
Last week saw a slight drop in the price of Blinkx (BLNX) shares. Having opened on Monday at 29.50p the shares dropped suddenly to 27p on Wednesday but soon recovered back to 29.05p on Thursday before closing the week down at 28p.
Despite rising early in October, the shares lost value throughout the rest of the month as revenue growth continued to slow.
Therefore it is not surprising that brokers have differing assessments of the shares. Jefferies International has assessed the shares as ‘Hold’ while Numis has assessed them as ‘Buy’.
While things are looking bad for the company at present, they do have an estimated £70 million in cash reserves which they can use to invest in their future. However, investors aren’t convinced and on Friday 57.42% of Blinkx shares traded were sold while 42.58% were bought.