Investors In ChargePoint Holdings Inc (CHPT) Will Start Making Money Again

ChargePoint Holdings Inc (NYSE:CHPT) has a beta value of 1.69 and has seen 1.77 million shares traded in the recent trading session. The CHPT stock price is -180.6% off its 52-week high price of $3.76 and 9.7% above the 52-week low of $1.21. If we look at the company’s 10-day average daily trading volume, we find that it stood at 11.74 million shares traded. The 3-month trading volume is 12.77 million shares.

The consensus among analysts is that ChargePoint Holdings Inc (CHPT) is Buy stock at the moment, with a recommendation rating of 2.83. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 15 have rated it as a Hold, with 12 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.09.

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ChargePoint Holdings Inc (NYSE:CHPT) trade information

Sporting -0.37% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CHPT stock price touched $1.34 or saw a rise of 8.22%. Year-to-date, ChargePoint Holdings Inc shares have moved -42.95%, while the 5-day performance has seen it change -9.18%. Over the past 30 days, the shares of ChargePoint Holdings Inc (NYSE:CHPT) have changed -2.55%. Short interest in the company has seen 109.49 million shares shorted with days to cover at 8.31.

Wall Street analysts have a consensus price target for the stock at $8.26, which means that the shares’ value could jump 83.78% from the levels at last check today.. The projected low price target is $1.25 while the price target rests at a high of $46.0. In that case, then, we find that the latest price level in today’s session is -3332.84% off the targeted high while a plunge would see the stock lose 6.72% from the levels at last check today..

ChargePoint Holdings Inc (CHPT) estimates and forecasts

Figures show that ChargePoint Holdings Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -15.51% over the past 6 months, with this year growth rate of 54.43%, compared to 7.10% for the industry. Revenue growth from the last financial year stood is estimated to be -18.90%.

11 analysts offering their estimates for the company have set an average revenue estimate of 90.71M for the current quarter. 11 have an estimated revenue figure of 105.81M for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -149.12% over the past 5 years.

CHPT Dividends

ChargePoint Holdings Inc is expected to release its next earnings report on 2024-Nov-11 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 1.91% of the company shares, while shares held by institutions stand at 57.60% with a share float percentage of 58.72%. Investors are also buoyed by the number of investors in a company, with ChargePoint Holdings Inc having a total of 434.0 institutions that hold shares in the company. The top two institutional holders are ANTARA CAPITAL LP with over 45.16 million shares worth more than $68.19 million. As of 2024-06-30, ANTARA CAPITAL LP held 10.6688% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 37.89 million shares as of 2024-06-30. The firm’s total holdings are worth over $57.21 million and represent 8.9503% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 2.71% shares in the company for having 11.68 shares of worth $15.36 million while later fund manager owns 10.29 shares of worth $13.53 million as of Aug 31, 2024 , which makes it owner of about 2.38% of company’s outstanding stock.