ChargePoint Holdings Inc (NYSE: CHPT) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 348.33M common shares owned by the public and among those 338.23M shares have been available to trade.

Insiders at the company have transacted a total of 185 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 73 of these insider trades were purchases, accounting for 4,892,220 shares. Insider sales of the common stock occurred on 112 occasions, with total insider shares sold totaling 22,775,901 shares.

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However, the script later moved the day high at 2.2100, up 2.38%. The company’s stock has a 5-day price change of 8.04% and -21.53% over the past three months. CHPT shares are trading -8.12% year to date (YTD), with the 12-month market performance down to -82.35% lower. It has a 12-month low price of $1.56 and touched a high of $13.48 over the same period. CHPT has an average intraday trading volume of 0.58 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.00%, 0.36%, and -60.65% respectively.

Institutional ownership of ChargePoint Holdings Inc (NYSE: CHPT) shares accounts for 31.08% of the company’s 348.33M shares outstanding.

It has a market capitalization of $898.76M and a beta (3y monthly) value of 1.64. The earnings-per-share (ttm) stands at -$1.23. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.17% over the week and 9.08% over the month.

Analysts forecast that ChargePoint Holdings Inc (CHPT) will achieve an EPS of -$0.13 for the current quarter, -$0.12 for the next quarter and -$0.33 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.23 while analysts give the company a high EPS estimate of -$0.03. Comparatively, EPS for the current quarter was -$0.13 a year ago. Earnings per share for the fiscal year are expected to decrease by -77.37%, and 44.62% over the next financial year.

Looking at the support for the CHPT, a number of firms have released research notes about the stock. B. Riley Securities stated their Neutral rating for the stock in a research note on December 07, 2023, with the firm’s price target at $5-$2.50.

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