During the last session, ChargePoint Holdings Inc. (NYSE:CHPT)’s traded shares were 11.63 million. At the end of the trading day, the stock’s price was $15.55, reflecting an intraday gain of 9.12% or $1.3. The 52-week high for the CHPT share is $36.86, that puts it down -137.04 from that peak though still a striking 45.34% gain since the share price plummeted to a 52-week low of $8.50. The company’s market capitalization is $4.69B, and the average intraday trading volume over the past 10 days was 10.85 million shares, and the average trade volume was 9.75 million shares over the past three months.
ChargePoint Holdings Inc. (CHPT) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.10. CHPT has a Sell rating from 0 analyst(s) out of 20 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 13 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 -$0.19.
ChargePoint Holdings Inc. (NYSE:CHPT) trade information
ChargePoint Holdings Inc. (CHPT) registered a 9.12% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 9.12% in intraday trading to $15.55 this Thursday, 06/23/22, hitting a weekly high. The stock’s 5-day price performance is 16.39%, and it has moved by 37.61% in 30 days. Based on these gigs, the overall price performance for the year is -52.75%. The short interest in ChargePoint Holdings Inc. (NYSE:CHPT) is 35.0 million shares and it means that shorts have 4.35 day(s) to cover.
The consensus price target of analysts on Wall Street is $23.18, which implies an increase of 32.92% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12.00 and $46.00 respectively. As a result, CHPT is trading at a discount of -195.82% off the target high and 22.83% off the low.
ChargePoint Holdings Inc. (CHPT) estimates and forecasts
Statistics show that ChargePoint Holdings Inc. has outperformed its competitors in share price, compared to the industry in which it operates. ChargePoint Holdings Inc. (CHPT) shares have gone down -17.02% during the last six months, with a year-to-date growth rate more than the industry average at 55.15% against 4.60. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -5.60% this quarter and then drop -46.20% in the quarter after that. In the rating firms’ projections, revenue will increase 96.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $75.66 million as predicted by 15 analyst(s). Meanwhile, a consensus of 15 analyst(s) estimates revenue growth to $105.92 million by the end of Jul 2022.
While earnings are projected to return -18.10% in 2022.
ChargePoint Holdings Inc. is due to release its next quarterly earnings between March 09 and March 14. 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 2.38% of total outstanding shares while institutional holders control 49.29%, with the float percentage being 50.50%. Linse Capital Llc is the largest shareholder of the company, while 432 institutions own stock in it. As of Dec 30, 2021, the company held over 51.1 million shares (or 15.21% of all shares), a total value of $973.49 million in shares.
The next largest institutional holding, with 19.13 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 5.69% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $364.38 million.
Also, the Mutual Funds coming in first place with the largest holdings of ChargePoint Holdings Inc. (CHPT) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Dec 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 6.42 million shares. This amounts to just over 1.91 percent of the company’s overall shares, with a $122.29 million market value. The same data shows that the other fund manager holds slightly less at 5.69 million, or about 1.69% of the stock, which is worth about $108.31 million.