During the recent session, ChargePoint Holdings Inc (NYSE:CHPT)’s traded shares were 2.73 million, with the beta value of the company hitting 1.69. At the last check today, the stock’s price was $1.22, reflecting an intraday loss of -2.40% or -$0.03. The 52-week high for the CHPT share is $3.54, that puts it down -190.16 from that peak though still a striking 0.82% gain since the share price plummeted to a 52-week low of $1.21. The company’s market capitalization is $526.53M, and the average intraday trading volume over the past 10 days was 8.57 million shares, and the average trade volume was 11.01 million shares over the past three months.
ChargePoint Holdings Inc (CHPT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.83. CHPT has a Sell rating from 0 analyst(s) out of 15 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 12 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.09.
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ChargePoint Holdings Inc (NYSE:CHPT) trade information
ChargePoint Holdings Inc (CHPT) registered a -2.40% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.40% in intraday trading to $1.22, hitting a weekly high. The stock’s 5-day price performance is -6.15%, and it has moved by -6.87% in 30 days. Based on these gigs, the overall price performance for the year is -51.97%. The short interest in ChargePoint Holdings Inc (NYSE:CHPT) is 113.45 million shares and it means that shorts have 10.02 day(s) to cover.
The consensus price target of analysts on Wall Street is $8.26, which implies an increase of 85.23% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.25 and $46 respectively. As a result, CHPT is trading at a discount of -3670.49% off the target high and -2.46% off the low.
ChargePoint Holdings Inc (CHPT) estimates and forecasts
Statistics show that ChargePoint Holdings Inc has outperformed its competitors in share price, compared to the industry in which it operates. ChargePoint Holdings Inc (CHPT) shares have gone down -19.74% during the last six months, with a year-to-date growth rate more than the industry average at 54.43% against 6.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 67.90% this quarter and then jump 41.70% in the quarter after that. In the rating firms’ projections, revenue will decrease -18.90% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 90.71M as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to 105.81M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -149.12%. While earnings are projected to return 50.38% in 2024.
CHPT Dividends
ChargePoint Holdings Inc is due to release its next quarterly earnings on 2024-Nov-11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
ChargePoint Holdings Inc (NYSE:CHPT)’s Major holders
ChargePoint Holdings Inc insiders own 1.91% of total outstanding shares while institutional holders control 57.49%, with the float percentage being 58.61%. ANTARA CAPITAL LP is the largest shareholder of the company, while 429.0 institutions own stock in it. As of 2024-06-30, the company held over 45.16 million shares (or 10.6688% of all shares), a total value of $68.19 million in shares.
The next largest institutional holding, with 37.89 million shares, is of VANGUARD GROUP INC’s that is approximately 8.9503% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $57.21 million.
