ChargePoint Holdings Inc (NYSE: CHPT) closed the day trading at $1.61 down -2.42% from the previous closing price of $1.65. On the day, 8972351 shares were traded.
Ratios:
For a better understanding of CHPT, let’s look at its different ratios. 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, Goldman on April 09, 2024, Downgraded its rating to Sell and sets its target price to $1.50 from $2 previously.
On March 06, 2024, RBC Capital Mkts Downgraded its rating to Sector Perform which previously was Outperform and also lowered its target price recommendation from $3.50 to $3.
On February 21, 2024, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $4.25.The Benchmark Company initiated its Buy rating on February 21, 2024, with a $4.25 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.35 while its Price-to-Book (P/B) ratio in mrq is 2.07.
Stock Price History:
Over the past 52 weeks, CHPT has reached a high of $10.10, while it has fallen to a 52-week low of $1.56.
Shares Statistics:
A total of 421.12M shares are outstanding, with a floating share count of 368.81M. Insiders hold about 12.88% of the company’s shares, while institutions hold 32.64% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from CRPT analysts. The consensus estimate for the next quarter is $1.61, with high estimates of $1.78 and low estimates of $25.65.
