Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
ChargePoint Holdings Inc (NYSE: CHPT) closed the day trading at $1.36 down -1.45% from the previous closing price of $1.38. In other words, the price has decreased by -$1.45 from its previous closing price. On the day, 7.9 million shares were traded. CHPT stock price reached its highest trading level at $1.4 during the session, while it also had its lowest trading level at $1.34.
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:
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 575769600 and an Enterprise Value of 553897920. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.14 while its Price-to-Book (P/B) ratio in mrq is 1.75. Its current Enterprise Value per Revenue stands at 1.093 whereas that against EBITDA is -1.314.
Stock Price History:
The Beta on a monthly basis for CHPT is 1.69, which has changed by -0.84615386 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. Over the past 52 weeks, CHPT has reached a high of $10.10, while it has fallen to a 52-week low of $1.34. The 50-Day Moving Average of the stock is -27.30%, while the 200-Day Moving Average is calculated to be -64.56%.
Shares Statistics:
Over the past 3-months, CHPT traded about 13.74M shares per day on average, while over the past 10 days, CHPT traded about 11213730 shares per day. A total of 421.12M shares are outstanding, with a floating share count of 369.79M. Insiders hold about 12.88% of the company’s shares, while institutions hold 32.58% stake in the company. Shares short for CHPT as of 1711584000 were 115670532 with a Short Ratio of 8.42, compared to 1709164800 on 90748166. Therefore, it implies a Short% of Shares Outstanding of 115670532 and a Short% of Float of 29.26.
Earnings Estimates
At present, 7 analysts are actively evaluating the performance of ChargePoint Holdings Inc (CHPT) in the stock market.On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.12 and a low estimate of -$0.14, while EPS last year was -$0.15. The consensus estimate for the next quarter is -$0.1, with high estimates of -$0.07 and low estimates of -$0.12.
Analysts are recommending an EPS of between -$0.04 and -$0.65 for the fiscal current year, implying an average EPS of -$0.35. EPS for the following year is -$0.18, with 8 analysts recommending between -$0.01 and -$0.49.
Revenue Estimates
14 analysts predict $105.73M in revenue for the current quarter. It ranges from a high estimate of $110M 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 -17.50% 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 $698.3M, while the lowest revenue estimate was $473.64M, resulting in an average revenue estimate of $557.25M. In the same quarter a year ago, actual revenue was $506.64M, up 10.00% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $732.75M 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 31.50% from the average revenue estimate for this year.
