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The price of ChargePoint Holdings Inc (NYSE: CHPT) closed at $1.27 in the last session, up 0.79% from day before closing price of $1.26. In other words, the price has increased by $0.79 from its previous closing price. On the day, 9.88 million shares were traded. CHPT stock price reached its highest trading level at $1.31 during the session, while it also had its lowest trading level at $1.23.
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 1.65 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:
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 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 537667200 and an Enterprise Value of 515795584. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.06 while its Price-to-Book (P/B) ratio in mrq is 1.63. Its current Enterprise Value per Revenue stands at 1.018 whereas that against EBITDA is -1.224.
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 $1.21. The 50-Day Moving Average of the stock is -29.14%, while the 200-Day Moving Average is calculated to be -65.20%.
Shares Statistics:
According to the various share statistics, CHPT traded on average about 13.30M shares per day over the past 3-months and 11387480 shares per day over the past 10 days. A total of 421.12M shares are outstanding, with a floating share count of 369.79M. Insiders hold about 12.65% of the company’s shares, while institutions hold 32.59% stake in the company. Shares short for CHPT as of 1713139200 were 107440658 with a Short Ratio of 8.08, compared to 1710460800 on 105314604. Therefore, it implies a Short% of Shares Outstanding of 107440658 and a Short% of Float of 27.18.
