In other words, the price has increased by $0.0000 from its previous closing price. On the day, 11613437 shares were traded.
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Ratios:
We take a closer look at CHPT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.65 and its Current Ratio is at 2.25. In the meantime, Its Debt-to-Equity ratio is 0.92 whereas as Long-Term Debt/Eq ratio is at 0.92.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, RBC Capital Mkts on March 06, 2024, Downgraded its rating to Sector Perform and sets its target price to $3 from $3.50 previously.
On February 21, 2024, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $4.25.
B. Riley Securities Downgraded its Buy to Neutral on December 07, 2023, whereas the target price for the stock was revised from $5 to $2.50.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 08 ’24 when Linse Michael sold 1,525,879 shares for $1.95 per share. The transaction valued at 2,982,181 led to the insider holds 0 shares of the business.
Linse Michael sold 100,000 shares of CHPT for $194,360 on Mar 07 ’24. The Director now owns 1,209,867 shares after completing the transaction at $1.94 per share. On Dec 21 ’23, another insider, Hughes Michael D, who serves as the insider of the company, sold 13,995 shares for $2.42 each. As a result, the insider received 33,830 and left with 855,947 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CHPT now has a Market Capitalization of 808.32M and an Enterprise Value of 742.54M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.58 while its Price-to-Book (P/B) ratio in mrq is 2.04. Its current Enterprise Value per Revenue stands at 1.37 whereas that against EBITDA is -1.85.
Stock Price History:
Over the past 52 weeks, CHPT has reached a high of $10.72, while it has fallen to a 52-week low of $1.56. The 50-Day Moving Average of the stock is 2.0254, while the 200-Day Moving Average is calculated to be 4.7834.
Shares Statistics:
According to the various share statistics, CHPT traded on average about 15.83M shares per day over the past 3-months and 13.67M shares per day over the past 10 days. A total of 418.03M shares are outstanding, with a floating share count of 359.45M. Insiders hold about 14.01% of the company’s shares, while institutions hold 33.09% stake in the company. Shares short for CHPT as of Feb 15, 2024 were 89.65M with a Short Ratio of 5.66, compared to 97.31M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 21.45% and a Short% of Float of 22.99%.
Earnings Estimates
The company has 9 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.11 and a low estimate of -$0.19, while EPS last year was -$0.15. The consensus estimate for the next quarter is -$0.11, with high estimates of -$0.07 and low estimates of -$0.21.
Analysts are recommending an EPS of between -$0.04 and -$0.73 for the fiscal current year, implying an average EPS of -$0.35. EPS for the following year is -$0.11, with 6 analysts recommending between -$0.01 and -$0.27.
Revenue Estimates
According to 17 analysts, the current quarter’s revenue is expected to be $112.15M. It ranges from a high estimate of $136M to a low estimate of $100M. As of the current estimate, ChargePoint Holdings Inc’s year-ago sales were $128.14M, an estimated decrease of -12.50% from the year-ago figure.
A total of 20 analysts have provided revenue estimates for CHPT’s current fiscal year. The highest revenue estimate was $690.01M, while the lowest revenue estimate was $473.64M, resulting in an average revenue estimate of $567.18M. In the same quarter a year ago, actual revenue was $506.64M, up 11.90% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $739.09M in the next fiscal year. The high estimate is $898.68M and the low estimate is $548M. The average revenue growth estimate for next year is up 30.30% from the average revenue estimate for this year.
