With 9.02% Distance From Low, Could ChargePoint Holdings Inc (NYSE:CHPT) Post Further Gains?

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In recent trading session, ChargePoint Holdings Inc (NYSE:CHPT) saw 2.14 million shares changing hands at last check today with its beta currently measuring 1.69. Company’s recent per share price level of $1.33 trading at -$0.01 or -1.12% at last check today assigns it a market valuation of $571.84M. That most recent trading price of CHPT’s stock is at a discount of -174.44% from its 52-week high price of $3.65 and is indicating a premium of 9.02% from its 52-week low price of $1.21. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 11.39 million shares which gives us an average trading volume of 11.94 million if we extend that period to 3-months.

For ChargePoint Holdings Inc (CHPT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.83. Splitting up the data highlights that, out of 15 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 12 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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ChargePoint Holdings Inc (NYSE:CHPT) trade information

Upright in the red during last session for losing -1.12%, in the last five days CHPT remained trading in the green while hitting it’s week-highest on Wednesday, 10/16/24 when the stock touched $1.33 price level, adding 1.48% to its value on the day. ChargePoint Holdings Inc’s shares saw a change of -43.38% in year-to-date performance and have moved 1.15% in past 5-day. ChargePoint Holdings Inc (NYSE:CHPT) showed a performance of -8.62% in past 30-days. Number of shares sold short was 109.49 million shares which calculate 8.31 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 8.26 to the stock, which implies a rise of 83.9% to its recent value today. Analysts have been projecting 1.25 as a low price target for the stock while placing it at a high target of 46. It follows that stock’s current price would jump 6.02% in reaching the projected high whereas dropping to the targeted low would mean a gain of 6.02% for stock’s current value.

ChargePoint Holdings Inc (CHPT) estimates and forecasts

Statistics highlight that ChargePoint Holdings Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -3.99% of value to its shares in past 6 months, showing an annual growth rate of 54.43% while that of industry is 7.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -149.12% during past 5 years.

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

Insiders are in possession of 1.91% of company’s total shares while institution are holding 57.51 percent of that, with stock having share float percentage of 58.63%. Investors also watch the number of corporate investors in a company very closely, which is 57.51% institutions for ChargePoint Holdings Inc that are currently holding shares of the company. ANTARA CAPITAL LP is the top institutional holder at CHPT for having 45.16 million shares of worth $68.19 million. And as of 2024-06-30, it was holding 10.6688 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 37.89 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.9503 of outstanding shares, having a total worth of $57.21 million.