In the last trading session, 19.49 million shares of the ChargePoint Holdings Inc (NYSE:CHPT) were traded, and its beta was 1.68. Most recently the company’s share price was $1.29, and it changed around -$0.11 or -7.86% from the last close, which brings the market valuation of the company to $570.62M. CHPT currently trades at a discount to its 52-week high of $3.13, offering almost -142.64% off that amount. The share price’s 52-week low was $1.05, which indicates that the current value has risen by an impressive 18.6% since then. We note from ChargePoint Holdings Inc’s average daily trading volume that its 10-day average is 19.75 million shares, with the 3-month average coming to 12.97 million.
ChargePoint Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.95. If we narrow it down even further, the data shows that 0 out of 19 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 13 recommended CHPT as a Hold, whereas 3 deemed it a Buy, and 2 rated it as Underweight. ChargePoint Holdings Inc is expected to report earnings per share of -0.08 for the current quarter.
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ChargePoint Holdings Inc (NYSE:CHPT) trade information
Instantly CHPT has showed a red trend with a performance of -7.86% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.5000 on recent trading dayincreased the stock’s daily price by 14.0%. The company’s shares are currently down -44.87% year-to-date, but still up 11.21% over the last five days. On the other hand, ChargePoint Holdings Inc (NYSE:CHPT) is 14.16% up in the 30-day period. We can see from the shorts that 129.64 million shares have been sold at a short interest cover period of 10.76 day(s).
The consensus price target as assigned by Wall Street analysts is $2, which translates to bulls needing to increase their stock price by 35.5% from its current value. Analyst projections state that CHPT is forecast to be at a low of $1.25 and a high of $4.
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 -27.93 percent over the past six months and at a 50.63% annual growth rate that is well above the industry average of 7.70%. The year-over-year growth rate is expected to be -18.13%, down from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 100.5M in revenue for the current quarter. 7 analysts expect ChargePoint Holdings Inc to make 102.06M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 115.83M and 107.04M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -13.24%. Forecasts for the next quarter put sales growth at -4.65%.
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 January.
ChargePoint Holdings Inc (NYSE:CHPT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.89% of ChargePoint Holdings Inc shares, and 50.38% of them are in the hands of institutional investors. The stock currently has a share float of 51.35%. ChargePoint Holdings Inc stock is held by 417.0 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.
