ChargePoint Holdings Inc (NYSE: CHPT): The Stock For Success Over The Next Few Months

In the latest trading session, 18.9 million ChargePoint Holdings Inc (NYSE:CHPT) shares changed hands as the company’s beta touched 1.65. With the company’s most recent per share price at $2.05 changing hands around $0.03 or 1.63% at last look, the market valuation stands at $739.15M. CHPT’s current price is a discount, trading about -565.85% off its 52-week high of $13.65. The share price had its 52-week low at $1.95, which suggests the last value was 4.88% up since then. When we look at ChargePoint Holdings Inc’s average trading volume, we note the 10-day average is 21.7 million shares, with the 3-month average coming to 16.33 million.

ChargePoint Holdings Inc (NYSE:CHPT) trade information

Instantly CHPT is in green as seen in intraday trades today. With action -25.35%, the performance over the past five days has been red. The jump to weekly highs of 3.54 on Friday, 11/17/23 added 1.63% to the stock’s daily price. The company’s shares are showing year-to-date downside of -78.46%, with the 5-day performance at -25.35% in the red. However, in the 30-day time frame, ChargePoint Holdings Inc (NYSE:CHPT) is -30.88% down. Looking at the short shares, we see there were 66.8 million shares sold at short interest cover period of 3.38 days.

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ChargePoint Holdings Inc (CHPT) estimates and forecasts

Data shows that the ChargePoint Holdings Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -75.30% over the past 6 months, a 11.43% in annual growth rate that is considerably lower than the industry average of 20.40%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for ChargePoint Holdings Inc will fall -18.80%, while the growth in revenue is estimated to hit 7.70% for the next quarter. Year-over-year growth is forecast to reach 21.30% up from the last financial year.

Consensus estimates given by 19 financial analysts project the company’s revenue in the current quarter to hit an average of $132.37 million. 19 analysts are of the opinion that ChargePoint Holdings Inc’s revenue for the quarter ending Jan 2024 will be $146.56 million. The estimates for the next quarter sales put growth at -4.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -140.39%. The 2023 estimates are for ChargePoint Holdings Inc earnings to decrease by -54.12%.

CHPT Dividends

ChargePoint Holdings Inc is expected to release its next quarterly earnings report on December 06.

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

If we look at who the major shareholders are, we find that insiders hold 2.23% of ChargePoint Holdings Inc shares while 54.64% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 55.89%. There are 54.64% institutions holding the ChargePoint Holdings Inc stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 7.18% of the shares, roughly 25.84 million CHPT shares worth $227.1 million.

Linse Capital Llc holds the second largest percentage of outstanding shares, with 4.32% or 15.55 million shares worth $136.64 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 9.07 million shares estimated at $79.72 million under it, the former controlled 2.52% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.03% of the shares, roughly 7.29 million shares worth around $64.1 million.

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