NYSE:CHPT

ChargePoint (CHPT) Stock Price, News & Analysis

$1.34
-0.03 (-2.20%)
(As of 04/23/2024 ET)
Today's Range
$1.33
$1.44
50-Day Range
$1.34
$2.32
52-Week Range
$1.21
$10.10
Volume
12.96 million shs
Average Volume
14.37 million shs
Market Capitalization
$558.07 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.14

ChargePoint MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
358.3% Upside
$6.14 Price Target
Short Interest
Bearish
31.36% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.41mentions of ChargePoint in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$296,562 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.63) to ($0.33) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.94 out of 5 stars

Auto/Tires/Trucks Sector

53rd out of 77 stocks

Miscellaneous Transportation Equipment Industry

4th out of 6 stocks

CHPT stock logo

About ChargePoint Stock (NYSE:CHPT)

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 Stock Price History

CHPT Stock News Headlines

ChargePoint (NYSE:CHPT) Shares Gap Down to $1.38
Exposed: 10 CENT Crypto to Explode April 20th?
Former Wall Street Insider and Professional Money Manager Reveals 4 Cryptos BETTER Than Bitcoin
3 Transportation Stocks to Buy Now: Q2 Edition
ChargePoint (NYSE:CHPT) Reaches New 52-Week Low at $1.51
Exposed: 10 CENT Crypto to Explode April 20th?
Former Wall Street Insider and Professional Money Manager Reveals 4 Cryptos BETTER Than Bitcoin
7 Penny Stocks to Buy Now: Q2 Edition
The 3 Best EV Charging Stocks to Buy in Q2 2024
See More Headlines
Receive CHPT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for ChargePoint and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
3/05/2024
Today
4/23/2024
Next Earnings (Estimated)
6/06/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Miscellaneous transportation equipment
Sub-Industry
N/A
Fax
N/A
Employees
1,650
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$6.14
High Stock Price Target
$17.00
Low Stock Price Target
$1.50
Potential Upside/Downside
+358.3%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
20 Analysts

Profitability

Net Income
$-457,610,000.00
Pretax Margin
-90.33%

Debt

Sales & Book Value

Annual Sales
$506.64 million
Book Value
$0.78 per share

Miscellaneous

Free Float
364,102,000
Market Cap
$560.16 million
Optionable
Optionable
Beta
1.62
7 Stocks to Own Before the 2024 Election Cover

Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.

Get This Free Report

CHPT Stock Analysis - Frequently Asked Questions

Should I buy or sell ChargePoint stock right now?

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ChargePoint in the last year. There are currently 1 sell rating, 13 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CHPT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CHPT, but not buy additional shares or sell existing shares.
View CHPT analyst ratings
or view top-rated stocks.

What is ChargePoint's stock price target for 2024?

20 brokerages have issued 1 year price objectives for ChargePoint's shares. Their CHPT share price targets range from $1.50 to $17.00. On average, they predict the company's share price to reach $6.14 in the next twelve months. This suggests a possible upside of 358.3% 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 2024?

ChargePoint's stock was trading at $2.34 at the beginning of 2024. Since then, CHPT stock has decreased by 42.7% and is now trading at $1.34.
View the best growth stocks for 2024 here
.

Are investors shorting ChargePoint?

ChargePoint saw a increase in short interest in March. As of March 15th, there was short interest totaling 105,310,000 shares, an increase of 16.0% from the February 29th total of 90,750,000 shares. Based on an average daily trading volume, of 15,020,000 shares, the days-to-cover ratio is currently 7.0 days. Approximately 28.9% of the shares of the company are sold short.
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, June 6th 2024.
View our CHPT earnings forecast
.

How were ChargePoint's earnings last quarter?

ChargePoint Holdings, Inc. (NYSE:CHPT) released its quarterly earnings results on Tuesday, March, 5th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.01. The company earned $115.83 million during the quarter, compared to analyst estimates of $126.48 million. ChargePoint had a negative net margin of 90.32% and a negative trailing twelve-month return on equity of 125.19%.

What guidance has ChargePoint issued on next quarter's earnings?

ChargePoint updated its first quarter 2025 earnings guidance on Wednesday, March, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $100.0 million-$110.0 million, compared to the consensus revenue estimate of $126.1 million.

Who are ChargePoint's major shareholders?

ChargePoint's stock is owned by many different institutional and retail investors. Top institutional investors include IMC Chicago LLC (0.00%), Bouvel Investment Partners LLC (0.07%), First Trust Direct Indexing L.P. (0.01%), O ROURKE & COMPANY Inc (0.01%) and PFG Investments LLC (0.01%). Insiders that own company stock include Bruce R Chizen, Christopher Burghardt, Colleen Jansen, Ekta Singh-Bushell, Eric Sidle, Henrik Gerdes, Lawrence Lee, Mansi Khetani, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CHPT) was last updated on 4/23/2024 by MarketBeat.com Staff

From Our Partners