ChargePoint Holdings Inc (NYSE: CHPT) Loses -86.53% From High. Why That Could Change?

Currently, there are 421.12M common shares owned by the public and among those 369.79M shares have been available to trade.

The company’s stock has a 5-day price change of -13.92% and -30.61% over the past three months. CHPT shares are trading -41.88% year to date (YTD), with the 12-month market performance down to -84.65% lower. It has a 12-month low price of $1.34 and touched a high of $10.10 over the same period. CHPT has an average intraday trading volume of 13.74 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 -19.55%, -26.83%, and -64.21% respectively.

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Institutional ownership of ChargePoint Holdings Inc (NYSE: CHPT) shares accounts for 32.58% of the company’s 421.12M shares outstanding.

It has a market capitalization of $575.77M and a beta (3y monthly) value of 1.69. 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 7.96% over the week and 6.62% over the month.

Analysts forecast that ChargePoint Holdings Inc (CHPT) will achieve an EPS of $ChargePoint Holdings, Inc. for the current quarter, $1.36 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Checkpoint Therapeutics, Inc. while analysts give the company a high EPS estimate of $Xtrackers Semiconductor Select . Comparatively, EPS for the current quarter was $Camden Property Trust a year ago. Earnings per share for the fiscal year are expected to increase by 48.51%, and 39.22% over the next financial year.

Looking at the support for the CHPT, a number of firms have released research notes about the stock. Goldman stated their Sell rating for the stock in a research note on April 09, 2024, with the firm’s price target at $2-$1.50. RBC Capital Mkts coverage for the ChargePoint Holdings Inc (CHPT) stock in a research note released on March 06, 2024 offered a Sector Perform rating with a price target of $3. The Benchmark Company was of a view on February 21, 2024 that the stock is Buy, while B. Riley Securities gave the stock Neutral rating on December 07, 2023, issuing a price target of $5- $2.50. HSBC Securities on their part issued Hold rating on December 04, 2023.

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