After A -2.50% Drop In Share Price, Is ChargePoint Holdings Inc. (NYSE:CHPT) A Better Trade Than Others? – Marketing Sentinel
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After A -2.50% Drop In Share Price, Is ChargePoint Holdings Inc. (NYSE:CHPT) A Better Trade Than Others?

In recent trading session, ChargePoint Holdings Inc. (NYSE:CHPT) saw 4.04 million shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $14.42 trading at -$0.37 or -2.50% at last check today assigns it a market valuation of $5.03B. That most recent trading price of CHPT’s stock is at a discount of -212.07% from its 52-week high price of $45.00 and is indicating a discount of -2.57% from its 52-week low price of $14.79. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.61 million shares which gives us an average trading volume of 9.98 million if we extend that period to 3-months.

For ChargePoint Holdings Inc. (CHPT), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.20. Splitting up the data highlights that, out of 17 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 11 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.15 in the current quarter.

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ChargePoint Holdings Inc. (NYSE:CHPT) trade information

Upright in the red during last session for losing -2.50%, in the last five days CHPT remained trading in the red while hitting it’s week-highest on Monday, 01/10/22 when the stock touched $14.42 price level, adding 14.01% to its value on the day. ChargePoint Holdings Inc.’s shares saw a change of -22.36% in year-to-date performance and have moved -14.76% in past 5-day. ChargePoint Holdings Inc. (NYSE:CHPT) showed a performance of -24.15% in past 30-days. Number of shares sold short was 28.24 million shares which calculate 2.58 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $31.38 to the stock, which implies a rise of 54.05% to its recent value today. Analysts have been projecting $20.00 as a low price target for the stock while placing it at a high target of $46.00. It follows that stock’s current price would drop -219.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -38.7% for stock’s current value.

ChargePoint Holdings Inc. (CHPT) estimates and forecasts

The company is estimating its revenue growth to increase by 91.30% in the current quarter and calculating 22.20% increase in the next quarter. This year revenue growth is estimated to rise 62.20% from the last financial year’s standing.

15 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $75.95 million for the same. And 9 analysts are in estimates of company making revenue of $81.99 million in the next quarter that will end on Apr 2022.

CHPT Dividends

ChargePoint Holdings Inc. is more likely to be releasing its next quarterly report between March 09 and March 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

ChargePoint Holdings Inc. (NYSE:CHPT)’s Major holders

Insiders are in possession of 2.25% of company’s total shares while institution are holding 67.64 percent of that, with stock having share float percentage of 69.20%. Investors also watch the number of corporate investors in a company very closely, which is 67.64% institutions for ChargePoint Holdings Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at CHPT for having 13.49 million shares of worth $269.69 million. And as of Sep 29, 2021, it was holding 4.08% of the company’s outstanding shares.

The second largest institutional holder is SPT Invest Management Sarl, which was holding about 12.39 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 3.74% of outstanding shares, having a total worth of $247.77 million.

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On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 4.35 million shares of worth $87.01 million or 1.31% of the total outstanding shares. The later fund manager was in possession of 3.82 million shares on Sep 29, 2021, making its stake of worth around $76.28 million in the company or a holder of 1.15% of company’s stock.

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