ChargePoint Holdings Inc (NYSE:CHPT) price on Wednesday, November 13, fall -2.65% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.10.
A look at the stock’s price movement, the close in the last trading session was $1.13, moving within a range at $1.08 and $1.17. The beta value (5-Year monthly) was 1.699. Turning to its 52-week performance, $3.54 and $1.10 were the 52-week high and 52-week low respectively. Overall, CHPT moved -16.67% over the past month.
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ChargePoint Holdings Inc’s market cap currently stands at around $474.74 million, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 98.28M for the company’s revenue for the quarter, with a low and high estimate of 86M and 137.7M respectively. The average forecast suggests down to a -10.89% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 441.22M, representing a -12.91% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CHPT is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
15 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 12 recommend CHPT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CHPT’s current price about -12.46% and -16.69% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.56, while 7-day volatility ratio is 7.75% and 5.71% in the 30-day chart. Further, ChargePoint Holdings Inc (CHPT) has a beta value of 1.68, and an average true range (ATR) of 0.08. Analysts have given the company’s stock an average 52-week price target of $8.26, forecast between a low of $1.25 and high of $46. Looking at the price targets, the low is -13.64% off current price level while to achieve the yearly target high, price needs to move -4081.82%. Nonetheless, investors will most likely welcome a -650.91% jump to $8.26 which is the analysts’ median price.
If we refocus on ChargePoint Holdings Inc (NYSE:CHPT), historical trading data shows that trading volumes averaged 15.12 over the past 10 days and 11.57 million over the past 3 months. The company’s latest data on shares outstanding shows there are 421.12 million shares.
The 8.96% of ChargePoint Holdings Inc’s shares are in the hands of company insiders while institutional holders own 46.47% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 117.83 million on 2024-10-31, giving us a short ratio of 11.79. The data shows that as of 2024-10-31 short interest in ChargePoint Holdings Inc (CHPT) stood at 2748.0 of shares outstanding, with shares short rising to 109.49 million registered in 2024-09-30. Current price change has pushed the stock -52.99% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CHPT stock continues to rise going into the next quarter.
