The price of ChargePoint Holdings Inc (NYSE:CHPT) shares last traded on Wall Street rose 4.95% to $2.12.
Based on available information, 23 analysts follow 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 $2.00, we find $5.00. Given the previous closing price of $2.02, this indicates a potential upside of 147.52 percent. CHPT stock price is now -44.87% away from the 50-day moving average and -72.55% away from the 200-day moving average. The market capitalization of the company currently stands at $763.31M.
Among analysts, 12 rate the stock a hold while 10 rate it a buy. Brokers who have rated the stock have averaged $6.18 as their price target over the next twelve months.
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 $4.18 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 $1.84 million. Insiders disposed of 38,879,302 shares of company stock worth roughly $82.42 million over the past 1 year. A total of 21.38% of the company’s stock is owned by insiders.
A candlestick chart of ChargePoint Holdings Inc (NYSE: CHPT) showed a price of $2.0200 on Monday morning. During the past 12 months, ChargePoint Holdings Inc has had a low of $1.95 and a high of $13.65. 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 $3.8452 and a two-hundred day moving average price translates $7.7237 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 -67.20% 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. For the current quarter, analysts expect CHPT to generate $132.37M 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.