The Question Is Whether To Buy Or Not To Buy 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. The stock was recently discussed on Yahoo Finance as it revealed that New Data from ChargePoint Shows Pressure for More Charging Infrastructure Continues to Build.

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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 $1.99 and fluctuated between $2.0300 as its day high and $1.9500 as its day low. The current market capitalization of ChargePoint Holdings Inc is $831.88M. A total of 9.47 million shares were traded on the day, compared to an average of 19.75M 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 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 73 BUYs and 112 SELLs from insiders. Insiders purchased 4,892,220 shares during that period but sold 22,775,901.

In the most recent transaction, Hughes Michael D sold 13,995 shares of CHPT for 2.42 per share on Dec 21. After the transaction, the insider now owns 855,947 company shares. In a previous transaction on Dec 21, Wilmer Richard sold 8,350 shares at 2.42 per share. CHPT shares that President and CEO owns now total 2,380,490.

Among the insiders who sold shares, Khetani Mansi disposed of 5,923 shares on Dec 21 at a per-share price of $2.42. This resulted in the Interim CFO holding 436,187 shares of CHPT after the transaction. In another insider transaction, Gerdes Henrik sold 5,431 shares at $2.42 per share on Dec 21. Company shares held by the Chief Accounting Officer now total 116,375.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, CHPT has a high of $13.65 and a low of $1.56.

As of this writing, CHPT has an earnings estimate of -$0.13 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of -$0.03 per share and a lower estimate of -$0.23. The company reported an EPS of -$0.24 in the last quarter, which was -50.00% lower than expectations of -$0.16.

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. 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 $0.94, while its Total Shareholder’s Equity was $547.01M.

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, 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 3.59.

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