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Wednesday, February 1, 2023

The Street Is Finally Waking Up To ChargePoint Holdings Inc. (NYSE: CHPT)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for ChargePoint Holdings Inc. (CHPT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.26, or -2.28%, to $11.16. The ChargePoint Holdings Inc. has recorded 91,075 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Lexus and ChargePoint Elevate RZ 450e Home and Public Charging Experience.

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Stocks Info

ChargePoint Holdings Inc. is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Specialty Retail industry. At the end of the last regular session, the stock closed at $11.42 and fluctuated between $11.98 as its day high and $11.34 as its day low. The current market capitalization of ChargePoint Holdings Inc. is $3.75B. A total of 5.19 million shares were traded on the day, compared to an average of 9.46M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CHPT has seen 8 BUY and 23 SELL insider trades, representing the acquisition of 1,839,178 and the disposition of 16,106,516 shares. Over the last 12 months, there were 90 BUYs and 121 SELLs from insiders. Insiders purchased 7,591,404 shares during that period but sold 39,726,274.

In the most recent transaction, Linse Michael sold 1,989,958 shares of CHPT for 10.00 per share on Jan 10. After the transaction, the Director now owns 0 company shares. In a previous transaction on Jan 09, Linse Michael sold 508,101 shares at 10.08 per share. CHPT shares that Director owns now total 0.

Among the insiders who sold shares, Loewenthal William J disposed of 3,115 shares on Jan 05 at a per-share price of $8.94. This resulted in the Chief Product Officer holding 432,892 shares of CHPT after the transaction. In another insider transaction, Loewenthal William J sold 60,000 shares at $9.37 per share on Dec 30. Company shares held by the Chief Product Officer now total 372,892.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CHPT in the last 3 months, the mean price target is $20.82 with high estimates of $46.00 and low estimates of $13.00. In terms of 52-week highs and lows, CHPT has a high of $20.99 and a low of $8.07.

As of this writing, CHPT has an earnings estimate of -$0.19 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of -$0.17 per share and a lower estimate of -$0.21. The company reported an EPS of -$0.21 in the last quarter, which was -10.50% lower than expectations of -$0.19.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 21 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CHPT is Sell with a score of 4.31. A total of 16 analysts rated the stock as Buy while 0 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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