ChargePoint Holdings Inc (NYSE:CHPT)’s traded shares stood at 2.24 million during the latest session, with the company’s beta value hitting 1.67. At the last check today, the stock’s price was $1.11, to imply an increase of 0.91% or $0.01 in intraday trading. The CHPT share’s 52-week high remains $3.54, putting it -218.92% down since that peak but still an impressive 2.7% since price per share fell to its 52-week low of $1.08. The company has a valuation of $479.06M, with an average of 15.63 million shares in intraday trading volume over the past 10 days and average of 11.65 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 2.82. 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 0.91% upside in the latest session, ChargePoint Holdings Inc (CHPT) has traded red over the past five days. The 5-day price performance for the stock is -9.76%, and -17.16% over 30 days. With these gigs, the year-to-date price performance is -52.56%. Short interest in ChargePoint Holdings Inc (NYSE:CHPT) saw shorts transact 117.83 million shares and set a 11.79 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 -4044.14% off suggested target high and -12.61% 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. ChargePoint Holdings Inc (CHPT) shares are -40.32% down over the last 6 months, with its year-to-date growth rate higher than industry average at 51.90% against 9.10%. Revenue is forecast to grow 66.71% this quarter before jumping 41.91% for the next one. The rating firms project that company’s revenue will shrink -12.91% compared to the previous financial year.
Revenue forecast for the current quarter as set by 15 analysts is 98.28M. Meanwhile, for the current quarter, a total of 15 analyst(s) estimate revenue growth to 114.93M.Earnings reports from the last fiscal year show that sales brought in 110.28M and 115.83M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -10.89% before dropping -0.78% in the following quarter.
CHPT Dividends
ChargePoint Holdings Inc has its next earnings report out on 2024-Nov-14. 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 1.93% of total outstanding shares, with institutional holders owning 57.17% of the shares at 58.30% float percentage. In total, 57.17% 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.
