During the recent session, ChargePoint Holdings Inc (NYSE:CHPT)’s traded shares were 1.35 million, with the beta value of the company hitting 1.68. At the last check today, the stock’s price was $1.14, reflecting an intraday gain of 1.33% or $0.01. The 52-week high for the CHPT share is $3.13, that puts it down -174.56 from that peak though still a striking 7.89% gain since the share price plummeted to a 52-week low of $1.05. The company’s market capitalization is $494.16M, and the average intraday trading volume over the past 10 days was 14.16 million shares, and the average trade volume was 12.10 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 2.94. 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 1.33% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.33% in intraday trading to $1.14, hitting a weekly high. The stock’s 5-day price performance is 2.23%, and it has moved by -11.92% in 30 days. Based on these gigs, the overall price performance for the year is -41.88%. The short interest in ChargePoint Holdings Inc (NYSE:CHPT) is 117.83 million shares and it means that shorts have 11.79 day(s) to cover.
The consensus price target of analysts on Wall Street is $8.26, which implies an increase of 86.2% 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 -3935.09% off the target high and -9.65% 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 -35.67% during the last six months, with a year-to-date growth rate more than the industry average at 51.90% against 9.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 66.71% this quarter and then jump 41.91% in the quarter after that. In the rating firms’ projections, revenue will decrease -13.92% 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 97.7M as predicted by 16 analyst(s). Meanwhile, a consensus of 15 analyst(s) estimates revenue growth to 112.56M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 110.28M and 115.83M respectively. In this case, analysts expect current quarter sales to shrink by -11.41% and then drop by -2.83% in the coming quarter.
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 49.78% in 2024.
CHPT Dividends
ChargePoint Holdings Inc is due to release its next quarterly earnings in December. 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 1.93% of total outstanding shares while institutional holders control 51.29%, with the float percentage being 52.30%. ANTARA CAPITAL LP is the largest shareholder of the company, while 418.0 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.
Also, the Mutual Funds coming in first place with the largest holdings of ChargePoint Holdings Inc (CHPT) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 11.68 shares. This amounts to just over 2.71 percent of the company’s overall shares, with a $13.44 million market value. The same data shows that the other fund manager holds slightly less at 10.16, or about 2.35% of the stock, which is worth about $11.69 million.
