ChargePoint Holdings Inc (NYSE:CHPT) price on Thursday, March 20, fall -5.65% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.66.
A look at the stock’s price movement, the close in the last trading session was $0.70, moving within a range at $0.6546 and $0.7124. The beta value (5-Year monthly) was 1.845. Turning to its 52-week performance, $2.44 and $0.56 were the 52-week high and 52-week low respectively. Overall, CHPT moved -20.15% over the past month.
ChargePoint Holdings Inc’s market cap currently stands at around $292.65 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-03.
Analysts have a consensus estimate of 100.62M for the company’s revenue for the quarter, with a low and high estimate of 99.51M and 101.8M respectively. The average forecast suggests down to a -6.00% 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 466.61M, representing a 11.88% jump 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 -2.21% and -21.09% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.61, while 7-day volatility ratio is 7.67% and 10.08% in the 30-day chart. Further, ChargePoint Holdings Inc (CHPT) has a beta value of 2.00, and an average true range (ATR) of 0.06. Analysts have given the company’s stock an average 52-week price target of $2, forecast between a low of $1.5 and high of $2. Looking at the price targets, the low is -127.27% off current price level while to achieve the yearly target high, price needs to move -203.03%. Nonetheless, investors will most likely welcome a -203.03% jump to $2 which is the analysts’ median price.
If we refocus on ChargePoint Holdings Inc (NYSE:CHPT), historical trading data shows that trading volumes averaged 20.13 over the past 10 days and 26.98 million over the past 3 months. The company’s latest data on shares outstanding shows there are 456.00 million shares.
The 9.74% of ChargePoint Holdings Inc’s shares are in the hands of company insiders while institutional holders own 39.27% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 129.93 million on 2025-02-28, giving us a short ratio of 3.76. The data shows that as of 2025-02-28 short interest in ChargePoint Holdings Inc (CHPT) stood at 2867.0 of shares outstanding, with shares short rising to 119.07 million registered in 2025-01-31. Current price change has pushed the stock -38.17% 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.
