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The $8.32 Is The Price At Which ChargePoint Holdings Inc. (NYSE: CHPT) Deserves Consideration

During the last session, ChargePoint Holdings Inc. (NYSE:CHPT)’s traded shares were 4.94 million, with the beta value of the company hitting 1.69. At the end of the trading day, the stock’s price was $8.32, reflecting an intraday loss of -0.48% or -$0.04. The 52-week high for the CHPT share is $19.92, that puts it down -139.42 from that peak though still a striking 6.01% gain since the share price plummeted to a 52-week low of $7.82. The company’s market capitalization is $3.01B, and the average intraday trading volume over the past 10 days was 7.64 million shares, and the average trade volume was 8.23 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 2.00. CHPT has a Sell rating from 1 analyst(s) out of 22 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 16 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 -$0.17.

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ChargePoint Holdings Inc. (NYSE:CHPT) trade information

ChargePoint Holdings Inc. (CHPT) registered a -0.48% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.48% in intraday trading to $8.32 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is 1.71%, and it has moved by -2.58% in 30 days. Based on these gigs, the overall price performance for the year is -20.08%. The short interest in ChargePoint Holdings Inc. (NYSE:CHPT) is 59.61 million shares and it means that shorts have 7.1 day(s) to cover.

The consensus price target of analysts on Wall Street is $16.74, which implies an increase of 50.3% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10.00 and $26.00 respectively. As a result, CHPT is trading at a discount of -212.5% off the target high and -20.19% 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 -27.59% during the last six months, with a year-to-date growth rate more than the industry average at 34.29% against 14.90. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 19.00% this quarter and then jump 27.80% in the quarter after that. In the rating firms’ projections, revenue will increase 50.50% compared to the previous financial year.

Revenue for the current quarter is expected to be $128.26 million as predicted by 17 analyst(s). Meanwhile, a consensus of 17 analyst(s) estimates revenue growth to $164.99 million by the end of Jul 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $81.63 million and $108.29 million respectively. In this case, analysts expect current quarter sales to grow by 57.10% and then jump by 52.40% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -34.20%. While earnings are projected to return -1.40% in 2023.

CHPT Dividends

ChargePoint Holdings Inc. is due to release its next quarterly earnings between May 30 and June 05. 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 3.25% of total outstanding shares while institutional holders control 51.47%, with the float percentage being 53.20%. Linse Capital Llc is the largest shareholder of the company, while 508 institutions own stock in it. As of Dec 30, 2022, the company held over 24.79 million shares (or 7.07% of all shares), a total value of $236.27 million in shares.

The next largest institutional holding, with 24.76 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 7.07% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $259.28 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, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 8.32 million shares. This amounts to just over 2.37 percent of the company’s overall shares, with a $79.29 million market value. The same data shows that the other fund manager holds slightly less at 7.01 million, or about 2.00% of the stock, which is worth about $66.76 million.

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