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Things appear to be looking up for ChargePoint Holdings Inc (CHPT)

ChargePoint Holdings Inc (NYSE: CHPT) is -24.36% lower on its value in year-to-date trading and has touched a low of $1.21 and a high of $9.23 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 $1.86 in the last trading session, with the day’s loss setting it -0.09%.

Currently trading at $1.77, the stock is 10.56% and 7.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.78 million and changing -4.84% at the moment leaves the stock -20.75% off its SMA200. CHPT registered -79.58% loss for a year compared to 6-month loss of -20.63%.

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The stock witnessed a -3.28% gain in the last 1 month and extending the period to 3 months gives it a -4.32%, and is 19.59% 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 11.91% over the week and 7.98% over the month.

ChargePoint Holdings Inc (CHPT) has around 1650 employees, a market worth around $752.78M and $483.65M in sales. Profit margin for the company is -93.05%. Distance from 52-week low is 46.28% and -80.82% from its 52-week high. The company has generated returns on investments over the last 12 months (-77.73%).

The EPS is expected to grow by 53.66% this year.

ChargePoint Holdings Inc (CHPT) Top Institutional Holders

The shares outstanding are 421.12M, and float is at 388.72M with Short Float at 28.47%.

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 27,722 shares of the company’s common stock on Jun 21 ’24 at a price of $1.40 per share for a total of $38730.0. Following the sale, the insider now owns 2.33 million shares.

ChargePoint Holdings Inc disclosed in a document filed with the SEC on Jun 21 ’24 that Khetani Mansi (Interim CFO) sold a total of 19,007 shares of the company’s common stock. The trade occurred on Jun 21 ’24 and was made at $1.40 per share for $26555.0. Following the transaction, the insider now directly holds 0.4 million shares of the CHPT stock.

Still, SEC filings show that on Jun 21 ’24, Gerdes Henrik (Chief Accounting Officer) disposed off 10,629 shares at an average price of $1.40 for $14850.0. The insider now directly holds 427,375 shares of ChargePoint Holdings Inc (CHPT).

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