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Why should you keep an eye on ChargePoint Holdings Inc (CHPT)?

ChargePoint Holdings Inc (NYSE: CHPT) is -25.64% lower on its value in year-to-date trading and has touched a low of $1.56 and a high of $10.60 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 $1.82 in the last trading session, with the day’s loss setting it -0.08%.

Currently trading at $1.74, the stock is -5.31% and -10.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.88 million and changing -4.40% at the moment leaves the stock -59.24% off its SMA200. CHPT registered -82.86% loss for a year compared to 6-month loss of -64.99%. The firm has a 50-day simple moving average (SMA 50) of $1.40 and a 200-day simple moving average (SMA200) of -$1.72.

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The stock witnessed a -16.35% gain in the last 1 month and extending the period to 3 months gives it a -25.64%, and is 0.58% up 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 6.06% over the week and 6.97% over the month.

ChargePoint Holdings Inc (CHPT) has around 1650 employees, a market worth around $727.37M and $506.64M in sales. Profit margin for the company is -90.32%. Distance from 52-week low is 11.54% and -83.58% 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 9.30% 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 48.74% of the company’s shares. The shares outstanding are 421.12M, and float is at 364.17M with Short Float at 28.92%. Institutions hold 47.48% 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 Wilmer Richard,the company’sPresident and CEO. SEC filings show that Wilmer Richard sold 25,376 shares of the company’s common stock on Mar 21 ’24 at a price of $1.87 per share for a total of $47453.0. Following the sale, the insider now owns 2.36 million shares.

ChargePoint Holdings Inc disclosed in a document filed with the SEC on Mar 21 ’24 that Khetani Mansi (Interim CFO) sold a total of 19,035 shares of the company’s common stock. The trade occurred on Mar 21 ’24 and was made at $1.87 per share for $35595.0. Following the transaction, the insider now directly holds 0.42 million shares of the CHPT stock.

Still, SEC filings show that on Mar 21 ’24, Singh Jagdeep CA (CCXO) disposed off 9,485 shares at an average price of $1.87 for $17737.0. The insider now directly holds 484,503 shares of ChargePoint Holdings Inc (CHPT).

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