ChargePoint Holdings Inc (NYSE: CHPT) is -47.01% lower on its value in year-to-date trading and has touched a low of $1.05 and a high of $2.74 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 $1.14 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $1.24, the stock is 1.97% and 0.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 26.68 million and changing 8.77% at the moment leaves the stock -20.82% off its SMA200. CHPT registered -50.00% loss for a year compared to 6-month loss of -10.79%. The firm has a 50-day simple moving average (SMA 50) of $1.2296 and a 200-day simple moving average (SMA200) of $1.5661.
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The stock witnessed a 13.76% gain in the last 1 month and extending the period to 3 months gives it a -8.15%, and is 7.83% 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 8.56% over the week and 8.90% over the month.
ChargePoint Holdings Inc (CHPT) has around 1650 employees, a market worth around $596.61M and $431.03M in sales. Profit margin for the company is -72.62%. Distance from 52-week low is 18.10% and -54.74% from its 52-week high. The company has generated returns on investments over the last 12 months (-63.05%).
with sales reaching $100.57M over the same period.The EPS is expected to grow by 47.36% this year, but quarterly earnings will post -18.11% year-over-year. Quarterly sales are estimated to shrink -13.18% in year-over-year returns.
ChargePoint Holdings Inc (CHPT) Top Institutional Holders
417.0 institutions hold shares in ChargePoint Holdings Inc (CHPT), with institutional investors hold 51.35% of the company’s shares. The shares outstanding are 440.75M, and float is at 398.00M with Short Float at 29.84%. Institutions hold 50.38% of the Float.
The top institutional shareholder in the company is ANTARA CAPITAL LP with over 45.16 million shares valued at $68.19 million. The investor’s holdings represent 10.6688% of the CHPT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 37.89 million shares valued at $57.21 million to account for 8.9503 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 30.16 million shares representing 7.124% and valued at over $45.53 million, while ANTARA CAPITAL LP holds 3.9961 of the shares totaling 16.92 million with a market value of $25.54 million.
ChargePoint Holdings Inc (CHPT) Insider Activity
The most recent transaction is an insider sale by Gerdes Henrik, the company’s Chief Accounting Officer. SEC filings show that Gerdes Henrik sold 26,288 shares of the company’s common stock on Oct 11 ’24 at a price of $1.32 per share for a total of $34700.0. Following the sale, the insider now owns 0.39 million shares.
Still, SEC filings show that on Sep 23 ’24, Wilmer Richard (President and CEO) disposed off 27,252 shares at an average price of $1.35 for $36790.0. The insider now directly holds 2,304,489 shares of ChargePoint Holdings Inc (CHPT).
