During the last session, ChargePoint Holdings Inc. (NYSE:CHPT)’s traded shares were 6.2 million. At the end of the trading day, the stock’s price was $25.96, reflecting an intraday gain of 5.83% or $1.43. The 52-week high for the CHPT share is $49.48, that puts it down -90.6 from that peak though still a striking 61.36% gain since the share price plummeted to a 52-week low of $10.03. The company’s market capitalization is $8.06B, and the average intraday trading volume over the past 10 days was 8.65 million shares, and the average trade volume was 5.98 million shares over the past three months.
ChargePoint Holdings Inc. (CHPT) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.70. CHPT has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.14.
ChargePoint Holdings Inc. (NYSE:CHPT) trade information
ChargePoint Holdings Inc. (CHPT) registered a 5.83% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.83% in intraday trading to $25.96 this Wednesday, 07/21/21, hitting a weekly high. The stock’s 5-day price performance is 5.87%, and it has moved by -20.39% in 30 days. Based on these gigs, the overall price performance for the year is 156.02%. The short interest in ChargePoint Holdings Inc. (NYSE:CHPT) is 14.24 million shares and it means that shorts have 3.39 day(s) to cover.
The consensus price target of analysts on Wall Street is $39.00, which implies an increase of 33.44% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $29.00 and $46.00 respectively. As a result, CHPT is trading at a discount of -77.2% off the target high and -11.71% off the low.
ChargePoint Holdings Inc. (CHPT) estimates and forecasts
In the rating firms’ projections, revenue will increase 40.50% compared to the previous financial year.
Revenue for the current quarter is expected to be $48.9 million as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $54.97 million by the end of Oct 2021.
While earnings are projected to return 93.40% in 2021.
ChargePoint Holdings Inc. is due to release its next quarterly earnings between August 11 and August 16. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
ChargePoint Holdings Inc. (NYSE:CHPT)’s Major holders
ChargePoint Holdings Inc. insiders own 4.33% of total outstanding shares while institutional holders control 69.43%, with the float percentage being 72.57%. RHO Capital Partners Inc is the largest shareholder of the company, while 203 institutions own stock in it. As of Mar 30, 2021, the company held over 25.06 million shares (or 8.18% of all shares), a total value of $669.0 million in shares.
The next largest institutional holding, with 13.75 million shares, is of Canada Pension Plan Investment Board’s that is approximately 4.49% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $367.25 million.
Also, the Mutual Funds coming in first place with the largest holdings of ChargePoint Holdings Inc. (CHPT) shares are Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Vanguard Total Stock Market Index Fund. Data provided on May 30, 2021 indicates that Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF owns about 1.42 million shares. This amounts to just over 0.46 percent of the company’s overall shares, with a $34.63 million market value. The same data shows that the other fund manager holds slightly less at 0.92 million, or about 0.30% of the stock, which is worth about $24.51 million.