The closing price of ChargePoint Holdings Inc (NYSE: CHPT) was $1.90 for the day, down -1.04% from the previous closing price of $1.92. In other words, the price has decreased by -$0.0200 from its previous closing price. On the day, 12369117 shares were traded. CHPT stock price reached its highest trading level at $1.9600 during the session, while it also had its lowest trading level at $1.8800.
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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 1.77 and its Current Ratio is at 2.34. In the meantime, Its Debt-to-Equity ratio is 0.77 whereas as Long-Term Debt/Eq ratio is at 0.77.
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 this company, The Benchmark Company on February 21, 2024, initiated with a Buy rating and assigned the stock a target price of $4.25.
On December 07, 2023, B. Riley Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $5 to $2.50.
On December 04, 2023, HSBC Securities started tracking the stock assigning a Hold rating and target price of $2.HSBC Securities initiated its Hold rating on December 04, 2023, with a $2 target price.
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 Dec 21 when Hughes Michael D sold 13,995 shares for $2.42 per share. The transaction valued at 33,830 led to the insider holds 855,947 shares of the business.
Wilmer Richard sold 8,350 shares of CHPT for $20,184 on Dec 21. The President and CEO now owns 2,380,490 shares after completing the transaction at $2.42 per share. On Dec 21, another insider, Khetani Mansi, who serves as the Interim CFO of the company, sold 5,923 shares for $2.42 each. As a result, the insider received 14,318 and left with 436,187 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 794.25M and an Enterprise Value of 728.48M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.46 while its Price-to-Book (P/B) ratio in mrq is 2.02. Its current Enterprise Value per Revenue stands at 1.34 whereas that against EBITDA is -1.82.
Stock Price History:
Over the past 52 weeks, CHPT has reached a high of $11.78, while it has fallen to a 52-week low of $1.56. The 50-Day Moving Average of the stock is 2.1456, while the 200-Day Moving Average is calculated to be 5.1363.
Shares Statistics:
CHPT traded an average of 17.29M shares per day over the past three months and 14.57M shares per day over the past ten days. A total of 418.03M shares are outstanding, with a floating share count of 359.94M. Insiders hold about 13.90% of the company’s shares, while institutions hold 32.83% stake in the company. Shares short for CHPT as of Jan 31, 2024 were 85.1M with a Short Ratio of 4.92, compared to 89.37M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 20.36% and a Short% of Float of 21.82%.
Earnings Estimates
The firm’s stock currently is rated by 9 analysts. On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.23, while EPS last year was -$0.13. The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.11 and low estimates of -$0.19.
Analysts are recommending an EPS of between -$0.42 and -$0.82 for the fiscal current year, implying an average EPS of -$0.75. EPS for the following year is -$0.33, with 10 analysts recommending between -$0.09 and -$0.73.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 17 analysts. It ranges from a high estimate of $135M to a low estimate of $96.43M. As of the current estimate, ChargePoint Holdings Inc’s year-ago sales were $152.83M, an estimated decrease of -22.30% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $126.09M, a decrease of -1.60% over than the figure of -$22.30% in the same quarter last year. There is a high estimate of $136M for the next quarter, whereas the lowest estimate is $108.58M.
A total of 18 analysts have provided revenue estimates for CHPT’s current fiscal year. The highest revenue estimate was $525.8M, while the lowest revenue estimate was $486.03M, resulting in an average revenue estimate of $508.67M. In the same quarter a year ago, actual revenue was $468.09M, up 8.70% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $600.55M in the next fiscal year. The high estimate is $690.01M and the low estimate is $515.7M. The average revenue growth estimate for next year is up 18.10% from the average revenue estimate for this year.
