ChargePoint (CHPT) Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ChargePoint in the last twelve months. There are currently 5 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CHPT shares.
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17 equities research analysts have issued twelve-month price objectives for ChargePoint's stock. Their CHPT share price forecasts range from $7.00 to $20.00. On average, they anticipate the company's stock price to reach $12.51 in the next year. This suggests a possible upside of 149.3% from the stock's current price.
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ChargePoint's stock was trading at $9.53 on January 1st, 2023. Since then, CHPT stock has decreased by 47.3% and is now trading at $5.02.
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ChargePoint saw a increase in short interest in 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 short-interest ratio is presently 6.4 days. Currently, 26.5% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
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ChargePoint Holdings, Inc. (NYSE:CHPT) announced its quarterly earnings results on Wednesday, September, 6th. The company reported ($0.35) earnings per share 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 the consensus estimate 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 quarterly revenue was up 39.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.27) earnings per share.

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).

ChargePoint updated its FY 2024 earnings guidance on Wednesday, September, 6th. The company provided 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.

ChargePoint trades on the New York Stock Exchange (NYSE) under the ticker symbol "CHPT."

ChargePoint's stock is owned by a variety of retail and institutional investors. Top institutional shareholders 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.
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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.
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One share of CHPT stock can currently be purchased for approximately $5.02.

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.

The company employs 1,650 workers across the globe.

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.