ChargePoint Holdings Inc (NYSE: CHPT) closed the day trading at $1.72 up 2.38% from the previous closing price of $1.68. In other words, the price has increased by $+0.0400 from its previous closing price. On the day, 12320028 shares were traded.
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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, 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:
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 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 724.12M and an Enterprise Value of 697.76M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.42 while its Price-to-Book (P/B) ratio in mrq is 1.83. Its current Enterprise Value per Revenue stands at 1.38 whereas that against EBITDA is -1.69.
Stock Price History:
Over the past 52 weeks, CHPT has reached a high of $10.71, while it has fallen to a 52-week low of $1.56. The 50-Day Moving Average of the stock is 1.9774, while the 200-Day Moving Average is calculated to be 4.6042.
Shares Statistics:
Over the past 3-months, CHPT traded about 15.22M shares per day on average, while over the past 10 days, CHPT traded about 16.88M shares per day. A total of 418.03M shares are outstanding, with a floating share count of 364.11M. Insiders hold about 12.90% of the company’s shares, while institutions hold 33.09% stake in the company. Shares short for CHPT as of Feb 29, 2024 were 90.75M with a Short Ratio of 5.96, compared to 85.1M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 21.56% and a Short% of Float of 23.10%.
Earnings Estimates
Current recommendations for the stock of the company come from 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 -$0.36. EPS for the following year is -$0.11, with 6 analysts recommending between -$0.01 and -$0.27.
Revenue Estimates
15 analysts predict $106.65M in revenue for the current quarter. 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 17 analysts have provided revenue estimates for CHPT’s current fiscal year. The highest revenue estimate was $627M, while the lowest revenue estimate was $473.64M, resulting in an average revenue estimate of $547.69M. In the same quarter a year ago, actual revenue was $506.64M, up 8.10% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $717.78M 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 31.10% from the average revenue estimate for this year.
