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ChargePoint Holdings Inc. (NYSE: CHPT) Loss Of -19.20 Percent Over The Past 30 Days: Any Trouble To Come?

ChargePoint Holdings Inc. (NYSE:CHPT)’s traded shares stood at 7.19 million during the last session, with the company’s beta value hitting 1.73. At the close of trading, the stock’s price was $9.26, to imply a decrease of -1.91% or -$0.18 in intraday trading. The CHPT share’s 52-week high remains $20.99, putting it -126.67% down since that peak but still an impressive 12.85% since price per share fell to its 52-week low of $8.07. The company has a valuation of $3.33B, with an average of 10.74 million shares in intraday trading volume over the past 10 days and average of 10.03 million shares over the past 3 months.

Analysts have given a consensus recommendation of a Buy for ChargePoint Holdings Inc. (CHPT), translating to a mean rating of 1.90. Of 21 analyst(s) looking at the stock, 1 analyst(s) give CHPT a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 17 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.17.

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ChargePoint Holdings Inc. (NYSE:CHPT) trade information

After registering a -1.91% downside in the last session, ChargePoint Holdings Inc. (CHPT) has traded red over the past five days. The stock hit a weekly high of 10.72 this Wednesday, 03/15/23, dropping -1.91% in its intraday price action. The 5-day price performance for the stock is -11.47%, and -19.20% over 30 days. With these gigs, the year-to-date price performance is -2.83%. Short interest in ChargePoint Holdings Inc. (NYSE:CHPT) saw shorts transact 48.56 million shares and set a 4.62 days time to cover.

Analysts on Wall Street suggest a consensus price target of $18.21, implying an increase of 49.15% to the stock’s current value. The extremes give us $12.00 and $26.00 for target low and target high price respectively. As such, CHPT has been trading -180.78% off suggested target high and -29.59% from its likely low.

ChargePoint Holdings Inc. (CHPT) estimates and forecasts

Looking at statistics comparing ChargePoint Holdings Inc. share performance against respective industry, we note that the company has outperformed competitors. ChargePoint Holdings Inc. (CHPT) shares are -47.21% down over the last 6 months, with its year-to-date growth rate higher than industry average at 30.00% against 18.70%. The rating firms project that company’s revenue will grow 99.90% compared to the previous financial year.

Revenue forecast for the current quarter as set by 12 analysts is $166.16 million. Meanwhile, for the quarter ending Apr 2023, a total of 8 analyst(s) estimate revenue growth to $148.74 million.Earnings reports from the last fiscal year show that sales brought in $80.67 million and $81.63 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 106.00% before jumping 82.20% in the following quarter.

CHPT Dividends

ChargePoint Holdings Inc. has its next earnings report out between May 30 and June 05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. ChargePoint Holdings Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

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

ChargePoint Holdings Inc. insiders hold 3.41% of total outstanding shares, with institutional holders owning 54.01% of the shares at 55.91% float percentage. In total, 54.01% institutions holds shares in the company, led by Linse Capital Llc. As of Sep 29, 2022, the company held over 33.3 million shares (or 9.74% of shares), all amounting to roughly $491.47 million.

The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 22.47 million shares, or about 6.58% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $331.65 million.

We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the ChargePoint Holdings Inc. (CHPT) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 7.56 million shares. This is just over 2.21% of the total shares, with a market valuation of $111.53 million. Data from the same date shows that the other fund manager holds a little less at 6.42 million, or 1.88% of the shares, all valued at about 94.71 million.

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