Future Outlook And Stock Price Trends Among ChargePoint Holdings Inc Stocks (NYSE: CHPT)

In today’s recent session, 10.34 million shares of the ChargePoint Holdings Inc (NYSE:CHPT) have been traded, and its beta is 1.69. Most recently the company’s share price was $1.25, and it changed around -$0.11 or -8.46% from the last close, which brings the market valuation of the company to $527.08M. CHPT at last check was trading at a discount to its 52-week high of $10.10, offering almost -708.0% off that amount. The share price’s 52-week low was $1.34, which indicates that the recent value has fallen by an impressive -7.2% since then. We note from ChargePoint Holdings Inc’s average daily trading volume that its 3-month average coming to 13.74 million.

ChargePoint Holdings Inc (NYSE:CHPT) trade information

Instantly CHPT has been showing red trend so far today with a performance of -8.46% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -46.79% year-to-date, but still down -21.20% over the last five days. On the other hand, ChargePoint Holdings Inc (NYSE:CHPT) is -34.13% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $17.48, which translates to bulls needing to increase their stock price by 92.85% from its current value. Analyst projections state that CHPT is forecast to be at a low of $2 and a high of $46.

ChargePoint Holdings Inc (CHPT) estimates and forecasts

ChargePoint Holdings Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -59.97 percent over the past six months and at a 56.96% annual growth rate that is well above the industry average of 12.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 13.30% in revenue this quarter, and will report an increase of 58.30% in the next quarter. The year-over-year growth rate is expected to be 10.00%, up from the previous year.

Consensus estimates provided by 14 financial analysts predict the company will bring in an average of $105.73 million in revenue for the current quarter. 14 analysts expect ChargePoint Holdings Inc to make $122.56 million in revenue for the quarter ending Jul 2024. The company’s sales for the same quarters a year ago were $128.14 million and -$ respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -17.50%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -149.12%.