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The price of ChargePoint Holdings Inc (NYSE: CHPT) closed at $2.37 in the last session, up 8.72% from day before closing price of $2.18. In other words, the price has increased by $8.72 from its previous closing price. On the day, 25.09 million shares were traded. CHPT stock price reached its highest trading level at $2.4 during the session, while it also had its lowest trading level at $2.22.
Ratios:
We take a closer look at CHPT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.45 and its Current Ratio is at 2.13. In the meantime, Its Debt-to-Equity ratio is 1.08 whereas as Long-Term Debt/Eq ratio is at 1.08.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 21 ’24 when Wilmer Richard sold 27,722 shares for $1.40 per share. The transaction valued at 38,730 led to the insider holds 2,331,740 shares of the business.
Khetani Mansi sold 19,007 shares of CHPT for $26,555 on Jun 21 ’24. The Interim CFO now owns 402,493 shares after completing the transaction at $1.40 per share. On Jun 21 ’24, another insider, Gerdes Henrik, who serves as the Chief Accounting Officer of the company, sold 10,629 shares for $1.40 each. As a result, the insider received 14,850 and left with 427,375 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 1007970432 and an Enterprise Value of 1051563776. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.08 while its Price-to-Book (P/B) ratio in mrq is 3.63. Its current Enterprise Value per Revenue stands at 2.174 whereas that against EBITDA is -2.576.
Stock Price History:
The Beta on a monthly basis for CHPT is 1.76, which has changed by -0.72727275 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, CHPT has reached a high of $9.04, while it has fallen to a 52-week low of $1.21. The 50-Day Moving Average of the stock is 38.73%, while the 200-Day Moving Average is calculated to be 9.82%.
Shares Statistics:
According to the various share statistics, CHPT traded on average about 14.27M shares per day over the past 3-months and 19312950 shares per day over the past 10 days. A total of 421.12M shares are outstanding, with a floating share count of 386.65M. Insiders hold about 9.09% of the company’s shares, while institutions hold 37.69% stake in the company. Shares short for CHPT as of 1719532800 were 113424757 with a Short Ratio of 7.95, compared to 1717113600 on 112734424. Therefore, it implies a Short% of Shares Outstanding of 113424757 and a Short% of Float of 26.85.
