In the last trading session, 10.11 million shares of the ChargePoint Holdings Inc (NYSE:CHPT) were traded, and its beta was 1.69. Most recently the company’s share price was $1.13, and it changed around $0.01 or 0.89% from the last close, which brings the market valuation of the company to $487.69M. CHPT currently trades at a discount to its 52-week high of $3.13, offering almost -176.99% off that amount. The share price’s 52-week low was $1.08, which indicates that the current value has risen by an impressive 4.42% since then. We note from ChargePoint Holdings Inc’s average daily trading volume that its 10-day average is 16.23 million shares, with the 3-month average coming to 11.97 million.
ChargePoint Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.94. If we narrow it down even further, the data shows that 1 out of 23 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 14 recommended CHPT as a Hold, whereas 5 deemed it a Buy, and 2 rated it as Underweight. ChargePoint Holdings Inc is expected to report earnings per share of -0.09 for the current quarter.
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ChargePoint Holdings Inc (NYSE:CHPT) trade information
Instantly CHPT has showed a green trend with a performance of 0.89% at the end of last trading. The rise to weekly highs of 1.1700 on recent trading dayincreased the stock’s daily price by 3.42%. On the other hand, ChargePoint Holdings Inc (NYSE:CHPT) is -14.39% down in the 30-day period. We can see from the shorts that 117.83 million shares have been sold at a short interest cover period of 11.79 day(s).
The consensus price target as assigned by Wall Street analysts is $8.26, which translates to bulls needing to increase their stock price by 86.32% from its current value. Analyst projections state that CHPT is forecast to be at a low of $1.25 and a high of $46.
ChargePoint Holdings Inc (CHPT) estimates and forecasts
ChargePoint Holdings Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -35.06 percent over the past six months and at a 51.90% annual growth rate that is well above the industry average of 9.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 66.71% in revenue this quarter, and will report an increase of 41.91% in the next quarter. The year-over-year growth rate is expected to be -13.53%, down from the previous year.
Consensus estimates provided by 16 financial analysts predict the company will bring in an average of 97.7M in revenue for the current quarter. 15 analysts expect ChargePoint Holdings Inc to make 114.93M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 110.28M and 115.83M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -11.41%. Forecasts for the next quarter put sales growth at -0.78%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -149.12%.
CHPT Dividends
ChargePoint Holdings Inc’s next quarterly earnings report is expected to be released in December.
ChargePoint Holdings Inc (NYSE:CHPT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.93% of ChargePoint Holdings Inc shares, and 51.60% of them are in the hands of institutional investors. The stock currently has a share float of 52.62%. ChargePoint Holdings Inc stock is held by 418.0 institutions, with ANTARA CAPITAL LP being the largest institutional investor. By 2024-06-30, it held 10.6688% of the shares, which is about 45.16 million shares worth $68.19 million.
VANGUARD GROUP INC, with 8.9503% or 37.89 million shares worth $57.21 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
