ChargePoint Holdings Inc (NYSE: CHPT) is -26.92% lower on its value in year-to-date trading and has touched a low of $1.56 and a high of $10.71 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CHPT stock was last observed hovering at around $1.72 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $1.71, the stock is -10.96% and -13.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.28 million and changing -0.58% at the moment leaves the stock -62.86% off its SMA200. CHPT registered -81.69% loss for a year compared to 6-month loss of -68.16%. The firm has a 50-day simple moving average (SMA 50) of $1.37 and a 200-day simple moving average (SMA200) of -$1.68.
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The stock witnessed a -20.09% gain in the last 1 month and extending the period to 3 months gives it a -37.13%, and is -6.56% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.47% over the week and 6.65% over the month.
ChargePoint Holdings Inc (CHPT) has around 1650 employees, a market worth around $714.83M and $506.64M in sales. Profit margin for the company is -90.32%. Distance from 52-week low is 9.62% and -84.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-72.78%).
ChargePoint Holdings Inc quarterly earnings per share for the current quarter are estimated at -$0.13 with sales reaching $106.65M over the same period.The EPS is expected to grow by 49.02% this year, but quarterly earnings will post 8.10% year-over-year. Quarterly sales are estimated to shrink -16.80% in year-over-year returns.
ChargePoint Holdings Inc (CHPT) Top Institutional Holders
480 institutions hold shares in ChargePoint Holdings Inc (CHPT), with institutional investors hold 48.13% of the company’s shares. The shares outstanding are 418.03M, and float is at 364.11M with Short Float at 24.92%. Institutions hold 46.88% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 25.84 million shares valued at $227.1 million. The investor’s holdings represent 7.18% of the CHPT Shares outstanding. As of Jun 29, 2023, the second largest holder is Linse Capital Llc with 15.55 million shares valued at $136.64 million to account for 4.32% of the shares outstanding. The other top investors are Blackrock Inc. which holds 15.22 million shares representing 4.23% and valued at over $133.76 million, while Canada Pension Plan Investment Board holds 2.17% of the shares totaling 7.82 million with a market value of $68.73 million.
ChargePoint Holdings Inc (CHPT) Insider Activity
The most recent transaction is an insider sale by Linse Michael,the company’sDirector. SEC filings show that Linse Michael sold 1,525,879 shares of the company’s common stock on Mar 08 ’24 at a price of $1.95 per share for a total of $2.98 million. Following the sale, the insider now owns 0.0 shares.
ChargePoint Holdings Inc disclosed in a document filed with the SEC on Mar 07 ’24 that Linse Michael (Director) sold a total of 100,000 shares of the company’s common stock. The trade occurred on Mar 07 ’24 and was made at $1.94 per share for $0.19 million. Following the transaction, the insider now directly holds 1.21 million shares of the CHPT stock.
Still, SEC filings show that on Dec 21 ’23, Hughes Michael D () disposed off 13,995 shares at an average price of $2.42 for $33830.0. The insider now directly holds 855,947 shares of ChargePoint Holdings Inc (CHPT).
