In the latest trading session, 0.98 million ChargePoint Holdings Inc (NYSE:CHPT) shares changed hands as the company’s beta touched 1.69. With the company’s most recent per share price at $1.30 changed hands at -$0.02 or -1.14% at last look, the market valuation stands at $563.21M. CHPT’s current price is a discount, trading about -172.31% off its 52-week high of $3.54. The share price had its 52-week low at $1.21, which suggests the last value was 6.92% up since then. When we look at ChargePoint Holdings Inc’s average trading volume, we note the 10-day average is 9.83 million shares, with the 3-month average coming to 11.44 million.
Analysts gave the ChargePoint Holdings Inc (CHPT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.83. If we narrow down to specifics, the data shows that 0 out of 15 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended CHPT as a Hold, 12 felt it is a Buy and 0 rated the stock as Underweight. ChargePoint Holdings Inc’s EPS for the current quarter is expected to be -0.09.
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ChargePoint Holdings Inc (NYSE:CHPT) trade information
Instantly CHPT was in red as seen in intraday trades today. With action -1.14%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -44.23%, with the 5-day performance at -1.14% in the red. However, in the 30-day time frame, ChargePoint Holdings Inc (NYSE:CHPT) is -3.33% down. Looking at the short shares, we see there were 109.49 million shares sold at short interest cover period of 8.31 days.
The consensus price target for the stock as assigned by Wall Street analysts is 8.26, meaning bulls need an upside of 84.26% from its recent market value. According to analyst projections, CHPT’s forecast low is 1.25 with 46 as the target high. To hit the forecast high, the stock’s price needs a -3438.46% plunge from its current level, while the stock would need to tank 3.85% for it to hit the projected low.
ChargePoint Holdings Inc (CHPT) estimates and forecasts
Data shows that the ChargePoint Holdings Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -2.61% over the past 6 months, a 54.43% in annual growth rate that is considerably higher than the industry average of 6.90%. Year-over-year growth is forecast to reach -18.90% down from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 90.71M. 11 analysts are of the opinion that ChargePoint Holdings Inc’s revenue for the current quarter will be 105.81M. The estimates for the next quarter sales put growth at -8.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -149.12%. The 2024 estimates are for ChargePoint Holdings Inc earnings to increase by 50.08%.
CHPT Dividends
ChargePoint Holdings Inc is expected to release its next quarterly earnings report on 2024-Nov-11.
ChargePoint Holdings Inc (NYSE:CHPT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.91% of ChargePoint Holdings Inc shares while 57.55% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 58.67%. There are 57.55% institutions holding the ChargePoint Holdings Inc stock share, with ANTARA CAPITAL LP the top institutional holder. As of 2024-06-30, the company held 10.6688% of the shares, roughly 45.16 million CHPT shares worth $68.19 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.9503% or 37.89 million shares worth $57.21 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 11.68 shares estimated at $15.36 million under it, the former controlled 2.71% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.35% of the shares, roughly 10.16 shares worth around $13.36 million.
