In yesterday’s Wall Street session, ChargePoint Holdings Inc. (NYSE:CHPT) shares traded at $5.37, down -4.45% from the previous session.
As of this writing, 21 analysts cover ChargePoint Holdings Inc. (NYSE:CHPT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $17.00 and a low of $7.00, we find $10.00. Given the previous closing price of $5.62, this indicates a potential upside of 77.94 percent. CHPT stock price is now -29.33% away from the 50-day moving average and -42.36% away from the 200-day moving average. The market capitalization of the company currently stands at $2.08B.
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There are 4 analysts who have given it a hold rating, whereas 15 have given it a buy rating. Brokers who have rated the stock have averaged $10.88 as their price target over the next twelve months.
With the price target of $9, RBC Capital Mkts recently initiated with Outperform rating for ChargePoint Holdings Inc. (NYSE: CHPT).
In other news, Linse Michael, Director sold 852,085 shares of the company’s stock on Sep 15. The stock was sold for $4,823,382 at an average price of $5.66. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 14, Hughes Michael D sold 58,000 shares of the business’s stock. A total of $348,099 was realized by selling the stock at an average price of $6.00. This leaves the insider owning 883,670 shares of the company worth $4.75 million. Insiders disposed of 27,613,668 shares of company stock worth roughly $148.29 million over the past 1 year. A total of 2.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CHPT stock. A new stake in ChargePoint Holdings Inc. shares was purchased by TRILLIUM ASSET MANAGEMENT, LLC during the first quarter worth $1,743,000. POINT72 EUROPE (LONDON) LLP invested $1,643,000 in shares of CHPT during the first quarter. In the first quarter, PRIMORIS WEALTH ADVISORS, LLC acquired a new stake in ChargePoint Holdings Inc. valued at approximately $1,245,000. MARSHALL WACE, LLP acquired a new stake in CHPT for approximately $926,000. NEBULA RESEARCH & DEVELOPMENT LLC purchased a new stake in CHPT valued at around $385,000 in the second quarter. In total, there are 514 active investors with 53.40% ownership of the company’s stock.
Monday morning saw ChargePoint Holdings Inc. (NYSE: CHPT) opened at $5.62. During the past 12 months, ChargePoint Holdings Inc. has had a low of $4.96 and a high of $18.82. As of last week, the company has a debt-to-equity ratio of 1.07, a current ratio of 2.00, and a quick ratio of 1.60. The fifty day moving average price for CHPT is $7.53 and a two-hundred day moving average price translates $9.29 for the stock.
The latest earnings results from ChargePoint Holdings Inc. (NYSE: CHPT) was released for Jul, 2023. According to the Specialty Retail Company, earnings per share came in at -$0.24, missing analysts’ expectations of -$0.16 by -0.08. This compares to -$0.28 EPS in the same period last year. The net profit margin was -65.80% and return on equity was -113.50% for CHPT. The company reported revenue of $150.49 million for the quarter, compared to $108.29 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 38.97 percent. For the current quarter, analysts expect CHPT to generate $156.74M in revenue.
ChargePoint Holdings Inc.(CHPT) Company Profile
ChargePoint Holdings, Inc., together with its subsidiaries, provides electric vehicle (EV) charging networks and charging solutions in the United States and internationally. It offers a portfolio of hardware, software, and services for commercial, fleet, and residential customers. ChargePoint Holdings, Inc. was founded in 2007 and is headquartered in Campbell, California.
