The closing price of ChargePoint Holdings Inc (NYSE: CHPT) was $1.74 for the day, down -4.40% from the previous closing price of $1.82. In other words, the price has decreased by -$0.0800 from its previous closing price. On the day, 10880173 shares were traded.
Ratios:
Our analysis of CHPT’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 21 ’24 when Wilmer Richard sold 25,376 shares for $1.87 per share. The transaction valued at 47,453 led to the insider holds 2,359,462 shares of the business.
Khetani Mansi sold 19,035 shares of CHPT for $35,595 on Mar 21 ’24. The Interim CFO now owns 421,500 shares after completing the transaction at $1.87 per share. On Mar 21 ’24, another insider, Singh Jagdeep CA, who serves as the CCXO of the company, sold 9,485 shares for $1.87 each. As a result, the insider received 17,737 and left with 484,503 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 736.65M and an Enterprise Value of 710.29M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.44 while its Price-to-Book (P/B) ratio in mrq is 2.24. Its current Enterprise Value per Revenue stands at 1.40 whereas that against EBITDA is -1.72.
Stock Price History:
Over the past 52 weeks, CHPT has reached a high of $10.60, while it has fallen to a 52-week low of $1.56. The 50-Day Moving Average of the stock is 1.9504, while the 200-Day Moving Average is calculated to be 4.2326.
Shares Statistics:
CHPT traded an average of 15.01M shares per day over the past three months and 14.38M shares per day over the past ten days. A total of 421.12M shares are outstanding, with a floating share count of 364.17M. Insiders hold about 12.88% of the company’s shares, while institutions hold 33.07% stake in the company. Shares short for CHPT as of Mar 15, 2024 were 105.31M with a Short Ratio of 7.02, compared to 89.65M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 25.02% and a Short% of Float of 26.80%.
Earnings Estimates
The firm’s stock currently is rated by 8 analysts. On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.12 and a low estimate of -$0.19, while EPS last year was -$0.15. The consensus estimate for the next quarter is -$0.12, 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 -$0.39. EPS for the following year is -$0.16, with 7 analysts recommending between -$0.01 and -$0.49.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 15 analysts. It ranges from a high estimate of $119.46M 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 -16.80% from the year-ago figure.
A total of 18 analysts have provided revenue estimates for CHPT’s current fiscal year. The highest revenue estimate was $661.04M, while the lowest revenue estimate was $473.64M, resulting in an average revenue estimate of $553.99M. In the same quarter a year ago, actual revenue was $506.64M, up 9.30% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $732.87M in the next fiscal year. The high estimate is $944.18M and the low estimate is $548M. The average revenue growth estimate for next year is up 32.30% from the average revenue estimate for this year.
