NYSE:CHPT

ChargePoint (CHPT) Stock Forecast, Price & News

$5.02

-0.07 (-1.38%)

(As of 09/22/2023 ET)

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Today's Range: $4.92
▼
$5.24
50-Day Range: $5.02
▼
$8.69
52-Week Range: $4.92
▼
$16.60

Volume: 15.63 million shs
Average Volume: 12.19 million shs
Market Capitalization: $1.81 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $12.73

ChargePoint MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.69 Rating Score
Upside/Downside: 153.7% Upside
$12.73 Price Target
Short Interest: Bearish
26.52% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.12
Based on 15 Articles This Week
Insider Trading: Selling Shares
$26.75 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.92) to ($0.53) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.32 out of 5 stars

Auto/Tires/Trucks Sector

35th out of 96 stocks

Miscellaneous Transportation Equipment Industry

2nd out of 8 stocks

4.3

Analyst's Opinion

Consensus Rating
ChargePoint has received a consensus rating of Moderate Buy. The company's average rating score is 2.69, and is based on 11 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.73, ChargePoint has a forecasted upside of 153.7% from its current price of $5.02.
Amount of Analyst Coverage
ChargePoint has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
26.52% of the float of ChargePoint has been sold short.
Short Interest Ratio / Days to Cover
ChargePoint has a short interest ratio ("days to cover") of 6.4.
Change versus previous month
Short interest in ChargePoint has recently increased by 6.58%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
ChargePoint does not currently pay a dividend.
Dividend Growth
ChargePoint does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CHPT.

2.3

News and Social Media Coverage

News Sentiment
ChargePoint has a news sentiment score of 0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 15 news articles for ChargePoint this week, compared to 7 articles on an average week.
Search Interest
Only 87 people have searched for CHPT on MarketBeat in the last 30 days. This is a decrease of -19% compared to the previous 30 days.
MarketBeat Follows
69 people have added ChargePoint to their MarketBeat watchlist in the last 30 days. This is an increase of 130% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ChargePoint insiders have sold 167.79% more of their company's stock than they have bought. Specifically, they have bought $9,990,000.00 in company stock and sold $26,752,595.00 in company stock.
Percentage Held by Insiders
12.90% of the stock of ChargePoint is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
45.01% of the stock of ChargePoint is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for ChargePoint are expected to grow in the coming year, from ($0.92) to ($0.53) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ChargePoint is -4.74, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of ChargePoint is -4.74, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
ChargePoint has a P/B Ratio of 6.61. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About ChargePoint (NYSE:CHPT) Stock

ChargePoint Holdings, Inc. provides electric vehicle (EV) charging networks and charging solutions in the United States and internationally. The company provides comprehensive solutions for any size fleet and is fundamental to the build-out of global EV charging infrastructure. The company was founded in 2007 as a pure-play focused on EV infrastructure with the intention of serving the needs of EV drivers and the EV industry at large. The company is headquartered in Campbell, California, and has offices across the US and Europe.

ChargePoint Holdings offers a portfolio of hardware, software, and services that provide an end-to-end solution for EV charging needs of all varieties. The company serves the commercial, fleet, and residential markets and lays claim to a network of more than 18,000 EV charging stations and growing. Among the many attractive features of ChargePoint’s stations is the open nature of the network. Individuals, businesses, and OEM manufacturers can easily join and use the stations at any public location, worldwide while tracking their activity with cloud-based software.

Solutions for fleet management include charging stations, fleet management software, and cloud-supported hardware. Solutions for businesses include in-house charging points that can be used internally, provided to clients and customers as an amenity, or used as a source of income. Solutions for individuals include propriety, award-winning hardware installed in-home, and access to the worldwide network of charging stations.

The network of charging stations can be located and accessed via a mobile app. The app shows all charge points within a set distance and indicates which ones are free or in use. The app can also control the charging session and other account features including payments.

As of 2022, company stats indicated a charge was completed every second of the day and the pace was accelerating. In regard to the company’s scope and reach, more than 75% of Fortune 500 companies are customers and that figure is only limited because there is so much competition in the market.

The four key differences that set ChargePoint apart from its competition are its networked charging stations, complete cloud-based software solutions for all verticals, the mobile app, and 24/7 service for clients. The networked charging system alone allows for easy access to stations as well as improving uptime, efficiency, and customer satisfaction.

CHPT Price History

30 days | 90 days | 365 days | Advanced Chart

CHPT Stock News Headlines

September 5, 2023 | marketbeat.com

3 Clean Energy Stocks Priced Dirt Cheap (CHPT)

Clean energy is a trend that is continuing to gain steam. The global decarbonization movement has spurred the migration to electric vehicles (EVs) and the

September 24, 2023 | americanbankingnews.com

ChargePoint (NYSE:CHPT) Reaches New 12-Month Low Following Insider Selling

September 24, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.

September 24, 2023 | americanbankingnews.com

Q-Grg Vii (Cp) Investment Part Purchases 1,850,000 Shares of ChargePoint Holdings, Inc. (NYSE:CHPT) Stock

September 20, 2023 | finance.yahoo.com

ChargePoint Stock: Buy, Sell, or Hold?

September 19, 2023 | markets.businessinsider.com

CHPT Stock Alert: This Analyst Says ChargePoint Can Rally 95% From Here

September 19, 2023 | finance.yahoo.com

3 Predictions for ChargePoint Stock

September 19, 2023 | msn.com

Goldman Sachs Maintains ChargePoint Holdings Inc - (CHPT) Neutral Recommendation

September 24, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

September 19, 2023 | americanbankingnews.com

ChargePoint (NYSE:CHPT) PT Lowered to $7.00

September 19, 2023 | americanbankingnews.com

Insider Selling: ChargePoint Holdings, Inc. (NYSE:CHPT) Insider Sells 58,000 Shares of Stock

September 18, 2023 | benzinga.com

What's Going On With ChargePoint Shares?

September 17, 2023 | americanbankingnews.com

ChargePoint Holdings, Inc. (NYSE:CHPT) Director Michael Linse Sells 852,085 Shares

September 17, 2023 | americanbankingnews.com

Insider Selling: ChargePoint Holdings, Inc. (NYSE:CHPT) Director Sells 1,337,619 Shares of Stock

September 16, 2023 | americanbankingnews.com

ChargePoint (NYSE:CHPT) Stock Price Down 6.3% on Insider Selling

September 15, 2023 | msn.com

ChargePoint director sells 2.3M shares worth $13.4M - filing

September 15, 2023 | markets.businessinsider.com

Goldman Sachs Sticks to Its Hold Rating for ChargePoint Holdings (CHPT)

September 15, 2023 | finance.yahoo.com

Insider Sell: Director Michael Linse Sells 2,347,293 Shares of ChargePoint Holdings Inc

September 14, 2023 | finance.yahoo.com

ChargePoint Stock Down 55%: Buy the Dip Before It Skyrockets?

September 14, 2023 | americanbankingnews.com

ChargePoint Target of Unusually Large Options Trading (NYSE:CHPT)

September 13, 2023 | finance.yahoo.com

Rex Jackson, CFO of ChargePoint Holdings Inc, Sells 556,270 Shares

September 12, 2023 | benzinga.com

ChargePoint Hldgs Insider Trades Send a Signal

September 9, 2023 | markets.businessinsider.com

J.P. Morgan Sticks to Their Buy Rating for ChargePoint Holdings (CHPT)

September 9, 2023 | seekingalpha.com

ChargePoint: Prepare For More Pain (Rating Downgrade)

September 9, 2023 | msn.com

RBC Capital Initiates Coverage of ChargePoint Holdings Inc - (CHPT) with Outperform Recommendation

September 9, 2023 | nasdaq.com

Evercore ISI Group Maintains ChargePoint Holdings Inc - (CHPT) Outperform Recommendation

September 8, 2023 | msn.com

Has Patience Run Out for ChargePoint Stock?

See More Headlines

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CHPT Company Calendar

Last Earnings: 9/06/2023
Today: 9/24/2023
Next Earnings (Estimated): 12/07/2023
Fiscal Year End: 1/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Miscellaneous transportation equipment
Sub-Industry: N/A
Sector: Auto/Tires/Trucks
Current Symbol: NYSE:CHPT
CUSIP: N/A
CIK: 1777393
Web: www.chargepoint.com
Phone: 408-841-4500
Fax: N/A
Employees: 1,650
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $12.73
High Stock Price Forecast: $20.00
Low Stock Price Forecast: $7.00
Forecasted Upside/Downside: +153.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.69
Research Coverage: 16 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.06)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-345,110,000.00
Net Margins: -65.71%
Pretax Margin: -65.73%
Return on Equity: -106.73%
Return on Assets: -32.87%

Debt

Debt-to-Equity Ratio: 1.07
Current Ratio: 2.03
Quick Ratio: 1.61

Sales & Book Value

Annual Sales: $468.09 million
Price / Sales: 3.86
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.76 per share
Price / Book: 6.61

Miscellaneous

Outstanding Shares: 360,050,000
Free Float: 313,607,000
Market Cap: $1.81 billion
Optionable: Optionable
Beta: 1.62

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Key Executives

Mr. Pasquale Romano (Age 58)
Pres, CEO & Director
Comp: $1.01M

Mr. Rex S. Jackson (Age 63)
Chief Financial Officer
Comp: $666.88k

Mr. Richard Wilmer (Age 61)
Chief Operating Officer
Comp: $495.4k

Mr. Michael D. Hughes (Age 56)
Chief Commercial & Revenue Officer
Comp: $662.56k

Mr. Henrik Gerdes (Age 48)
Chief Accounting Officer

Mr. Sasan Vossoughi
Chief Information Officer

Patrick Hamer
VP of Capital Markets & Investor Relations

Ms. Rebecca Chavez (Age 46)
Gen. Counsel & Corp. Sec.

Jennifer Bowcock
VP of Communications

Ms. Sherice R. Torres (Age 49)
Chief Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CHPT Stock - Frequently Asked Questions

Should I buy or sell ChargePoint stock right now?: 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ChargePoint in the last year. There are currently 5 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CHPT shares.
View CHPT analyst ratings or view top-rated stocks.
What is ChargePoint's stock price forecast for 2023?: 16 analysts have issued 12-month target prices for ChargePoint's shares. Their CHPT share price forecasts range from $7.00 to $20.00. On average, they expect the company's share price to reach $12.73 in the next twelve months. This suggests a possible upside of 153.7% from the stock's current price.
View analysts price targets for CHPT or view top-rated stocks among Wall Street analysts.
How have CHPT shares performed in 2023?: ChargePoint's stock was trading at $9.53 at the start of the year. Since then, CHPT shares have decreased by 47.3% and is now trading at $5.02.
View the best growth stocks for 2023 here.
Are investors shorting ChargePoint?: ChargePoint saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 70,310,000 shares, an increase of 6.6% from the August 15th total of 65,970,000 shares. Based on an average trading volume of 10,910,000 shares, the days-to-cover ratio is currently 6.4 days. Approximately 26.5% of the company's shares are short sold.
View ChargePoint's Short Interest.
When is ChargePoint's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
View our CHPT earnings forecast.
How were ChargePoint's earnings last quarter?: ChargePoint Holdings, Inc. (NYSE:CHPT) announced its earnings results on Wednesday, September, 6th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.13) by $0.22. The business had revenue of $150.49 million for the quarter, compared to analyst estimates of $153.25 million. ChargePoint had a negative trailing twelve-month return on equity of 106.73% and a negative net margin of 65.71%. The business's revenue was up 39.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.27) EPS.
What ETFs hold ChargePoint's stock?: ETFs with the largest weight of ChargePoint (NYSE:CHPT) stock in their portfolio include Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV), iShares Self-Driving EV and Tech ETF (IDRV), ALPS Clean Energy ETF (ACES), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Invesco WilderHill Clean Energy ETF (PBW), Fidelity Electric Vehicles and Future Transportation ETF (FDRV), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) and KraneShares Electric Vehicles and Future Mobility Index ETF (KARS).

What guidance has ChargePoint issued on next quarter's earnings?: ChargePoint updated its FY 2024 earnings guidance on Wednesday, September, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $605.00 million-$630.00 million, compared to the consensus revenue estimate of $674.94 million.
What is ChargePoint's stock symbol?: ChargePoint trades on the New York Stock Exchange (NYSE) under the ticker symbol "CHPT."
Who are ChargePoint's major shareholders?: ChargePoint's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (4.31%), Citigroup Inc. (0.00%), State Street Corp (1.21%), RHO Capital Partners Inc. (1.15%), Geode Capital Management LLC (1.12%) and Goldman Sachs Group Inc. (0.00%). Insiders that own company stock include Bruce R Chizen, Christopher Burghardt, Colleen Jansen, Ekta Singh-Bushell, Eric Sidle, Henrik Gerdes, Lawrence Lee, Michael D Hughes, Michael Linse, Neil S Suslak, Pasquale Romano, Q-Grg Vii (Cp) Investment Part, Rebecca Chavez, Rex S Jackson, Richard Wilmer, Tony Sanchez and William J Loewenthal.
View institutional ownership trends.
How do I buy shares of ChargePoint?: Shares of CHPT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is ChargePoint's stock price today?: One share of CHPT stock can currently be purchased for approximately $5.02.
How much money does ChargePoint make?: ChargePoint (NYSE:CHPT) has a market capitalization of $1.81 billion and generates $468.09 million in revenue each year. The company earns $-345,110,000.00 in net income (profit) each year or ($1.06) on an earnings per share basis.
How many employees does ChargePoint have?: The company employs 1,650 workers across the globe.
How can I contact ChargePoint?: ChargePoint's mailing address is 5949 SHERRY LANE SUITE 1010, DALLAS TX, 75225. The official website for the company is www.chargepoint.com. The company can be reached via phone at 408-841-4500 or via email at investors@chargepoint.com.

This page (NYSE:CHPT) was last updated on 9/24/2023 by MarketBeat.com Staff

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