ChargePoint Holdings Inc (NYSE: CHPT): Is This The Time To Buy?

ChargePoint Holdings Inc (NYSE:CHPT)’s traded shares stood at 8.42 million during the last session, with the company’s beta value hitting 1.69. At the close of trading, the stock’s price was $1.27, to imply a decrease of -2.31% or -$0.03 in intraday trading. The CHPT share’s 52-week high remains $3.54, putting it -178.74% down since that peak but still an impressive 4.72% since price per share fell to its 52-week low of $1.21. The company has a valuation of $548.11M, with an average of 9.04 million shares in intraday trading volume over the past 10 days and average of 11.24 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for ChargePoint Holdings Inc (CHPT), translating to a mean rating of 2.83. Of 15 analyst(s) looking at the stock, 0 analyst(s) give CHPT a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 12 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.09.

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ChargePoint Holdings Inc (NYSE:CHPT) trade information

After registering a -2.31% downside in the last session, ChargePoint Holdings Inc (CHPT) has traded red over the past five days. The 5-day price performance for the stock is -6.62%, and -6.62% over 30 days. With these gigs, the year-to-date price performance is -45.73%. Short interest in ChargePoint Holdings Inc (NYSE:CHPT) saw shorts transact 109.49 million shares and set a 8.31 days time to cover.

The extremes give us $1.25 and $46 for target low and target high price respectively. As such, CHPT has been trading -3522.05% off suggested target high and 1.57% from its likely low.

ChargePoint Holdings Inc (CHPT) estimates and forecasts

Looking at statistics comparing ChargePoint Holdings Inc share performance against respective industry, we note that the company has outperformed competitors. Revenue is forecast to grow 67.90% this quarter before jumping 41.70% for the next one. The rating firms project that company’s revenue will shrink -18.90% compared to the previous financial year.

Revenue forecast for the current quarter as set by 11 analysts is 90.71M. Meanwhile, for the current quarter, a total of 11 analyst(s) estimate revenue growth to 105.81M.

CHPT Dividends

ChargePoint Holdings Inc has its next earnings report out on 2024-Nov-11. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

ChargePoint Holdings Inc insiders hold 1.91% of total outstanding shares, with institutional holders owning 57.55% of the shares at 58.67% float percentage. In total, 57.55% institutions holds shares in the company, led by ANTARA CAPITAL LP. As of 2024-06-30, the company held over 45.16 million shares (or 10.6688% of shares), all amounting to roughly $68.19 million.

The next major institution holding the largest number of shares is VANGUARD GROUP INC with 37.89 million shares, or about 8.9503% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $57.21 million.