In yesterday’s Wall Street session, ChargePoint Holdings Inc (NYSE:CHPT) shares traded at $2.80, down -5.72% from the previous session.
As of this writing, 23 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 $2.97, this indicates a potential upside of 236.7 percent. CHPT stock price is now -49.86% away from the 50-day moving average and -67.35% away from the 200-day moving average. The market capitalization of the company currently stands at $1.01B.
There are 4 analysts who have given it a hold rating, whereas 17 have given it a buy rating. Brokers who have rated the stock have averaged $10.49 as their price target over the next twelve months.
With the price target of $9, UBS recently initiated with Buy rating for ChargePoint Holdings Inc (NYSE: CHPT).
In other news, JACKSON REX S, Chief Financial Officer sold 16,799 shares of the company’s stock on Sep 21. The stock was sold for $84,533 at an average price of $5.03. Upon completion of the transaction, the Chief Financial Officer now directly owns 1,973,546 shares in the company, valued at $5.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 21, Hughes Michael D sold 13,729 shares of the business’s stock. A total of $69,079 was realized by selling the stock at an average price of $5.03. This leaves the insider owning 869,942 shares of the company worth $2.44 million. Insiders disposed of 38,829,162 shares of company stock worth roughly $108.72 million over the past 1 year. A total of 23.19% 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 ASPIRIANT, LLC during the first quarter worth $1,400,000. SG AMERICAS SECURITIES, LLC invested $1,156,000 in shares of CHPT during the first quarter. In the first quarter, TRILLIUM ASSET MANAGEMENT, LLC acquired a new stake in ChargePoint Holdings Inc valued at approximately $909,000. POINT72 EUROPE (LONDON) LLP acquired a new stake in CHPT for approximately $857,000. PRIMORIS WEALTH ADVISORS, LLC purchased a new stake in CHPT valued at around $649,000 in the second quarter. In total, there are 514 active investors with 37.24% ownership of the company’s stock.
Monday morning saw ChargePoint Holdings Inc (NYSE: CHPT) opened at $2.9200. During the past 12 months, ChargePoint Holdings Inc has had a low of $2.94 and a high of $14.62. As of last week, the company has a debt-to-equity ratio of 1.14, a current ratio of 2.03, and a quick ratio of 1.61. The fifty day moving average price for CHPT is $5.5848 and a two-hundred day moving average price translates $8.5754 for the stock.
The latest earnings results from ChargePoint Holdings Inc (NYSE: CHPT) was released for Jul, 2023. The net profit margin was -65.71% and return on equity was -110.10% 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.
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.
