ChargePoint Holdings Inc (CHPT) Testing Investors’ Patience Right Now

Currently, there are 418.03M common shares owned by the public and among those 364.17M shares have been available to trade.

The company’s stock has a 5-day price change of 0.53% and -23.39% over the past three months. CHPT shares are trading -18.80% year to date (YTD), with the 12-month market performance down to -79.92% lower. It has a 12-month low price of $1.56 and touched a high of $10.71 over the same period. CHPT has an average intraday trading volume of 14.98 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.21%, -2.23%, and -56.25% respectively.

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Institutional ownership of ChargePoint Holdings Inc (NYSE: CHPT) shares accounts for 33.08% of the company’s 418.03M shares outstanding.

It has a market capitalization of $794.26M and a beta (3y monthly) value of 1.61. 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 7.23% over the week and 7.05% 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 -$0.16 for 2026. The lowest estimate earnings-per-share for the quarter is -$0.19 while analysts give the company a high EPS estimate of -$0.12. Comparatively, EPS for the current quarter was -$0.15 a year ago. Earnings per share for the fiscal year are expected to increase by 49.02%, and 37.57% over the next financial year.

Looking at the support for the CHPT, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Sector Perform rating for the stock in a research note on March 06, 2024, with the firm’s price target at $3.50-$3. The Benchmark Company coverage for the ChargePoint Holdings Inc (CHPT) stock in a research note released on February 21, 2024 offered a Buy rating with a price target of $4.25. B. Riley Securities was of a view on December 07, 2023 that the stock is Neutral, while HSBC Securities gave the stock Hold rating on December 04, 2023, issuing a price target of $2. UBS on their part issued Neutral rating on November 28, 2023.

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