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. Most recently, Yahoo Finance reported about the stock as it publicized that Flexible Financing to Provide Access to Rapidly Deployable EV Charging Stations Across the U.S..

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Stocks Info

CHPT belongs to the Consumer Cyclical sector of the NYSE while operating in the Specialty Retail industry. The current market capitalization of ChargePoint Holdings Inc is $865.32M. A total of 13.31 million shares were traded on the day, compared to an average of 16.72M 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 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.

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 $3.39 with high estimates of $6.00 and low estimates of $2.00. In terms of 52-week highs and lows, CHPT has a high of $11.58 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

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

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 3.67.

Most Popular

Related Posts