ChargePoint Holdings Inc (NYSE: CHPT) closed the day trading at $1.96 up 3.16% from the previous closing price of $1.90. In other words, the price has increased by $+0.0600 from its previous closing price. On the day, 10775660 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 1.77 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:
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 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 819.33M and an Enterprise Value of 728.48M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.51 while its Price-to-Book (P/B) ratio in mrq is 2.09. 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 $11.62, 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:
Over the past 3-months, CHPT traded about 17.21M shares per day on average, while over the past 10 days, CHPT traded about 14.57M shares per day. 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 4.94, 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
Current recommendations for the stock of the company come from 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
17 analysts predict $118.78M in revenue for the current quarter. 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.
