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Saturday, June 3, 2023

Is ChargePoint Holdings Inc. (NYSE: CHPT) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for ChargePoint Holdings Inc. (CHPT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.47%, to $8.53. The ChargePoint Holdings Inc. has recorded 710,888 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that ChargePoint to Announce First Quarter Financial Results on June 1, 2023.

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Stocks Info

CHPT belongs to the Consumer Cyclical sector of the NYSE while operating in the Specialty Retail industry. At the end of the last regular session, the stock closed at $8.49 and fluctuated between $8.77 as its day high and $8.20 as its day low. The current market capitalization of ChargePoint Holdings Inc. is $3.07B. A total of 7.83 million shares were traded on the day, compared to an average of 8.35M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CHPT has seen 8 BUY and 20 SELL insider trades, representing the acquisition of 113,050 and the disposition of 5,194,221 shares. Over the last 12 months, there were 80 BUYs and 112 SELLs from insiders. Insiders purchased 7,559,260 shares during that period but sold 34,250,519.

In the most recent transaction, Romano Pasquale sold 20,000 shares of CHPT for 8.00 per share on May 19. After the transaction, the President and CEO now owns 4,148,054 company shares. In a previous transaction on May 18, Romano Pasquale sold 20,000 shares at 8.16 per share. CHPT shares that President and CEO owns now total 4,148,054.

Among the insiders who sold shares, Romano Pasquale disposed of 20,000 shares on May 17 at a per-share price of $8.19. This resulted in the President and CEO holding 4,148,054 shares of CHPT after the transaction. In another insider transaction, Romano Pasquale sold 20,000 shares at $8.21 per share on May 16. Company shares held by the President and CEO now total 4,148,054.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CHPT in the last 3 months, the mean price target is $17.00 with high estimates of $26.00 and low estimates of $10.00. In terms of 52-week highs and lows, CHPT has a high of $19.92 and a low of $7.82.

As of this writing, CHPT has an earnings estimate of -$0.17 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of -$0.11 per share and a lower estimate of -$0.21. The company reported an EPS of -$0.16 in the last quarter, which was 15.80% higher than expectations of -$0.19.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CHPT’s latest balance sheet shows that the firm has $315.24M in Cash & Short Term Investments as of fiscal 2022. There were $25.37M in debt and $189.05M in liabilities at the time. Its Book Value Per Share was $1.04, while its Total Shareholder’s Equity was $546.68M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 4.21.

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