The company is expecting revenues of $46 million to $51 million in Q2. The company has also been making moves into the European market in 2021.ĬhargePoint released its Q1 Fiscal Year 2022 earnings on June 3, revealing $40.5 million in revenue for the quarter, a 24% year-over-year growth. (See CHPT stock charts on TipRanks)įounded in 2007, ChargePoint has built one of the most comprehensive EV solutions available and has been recognized by Switchback Capital as “the world’s leading EV technology and service provider.” Its solutions target a wide range of end users, from businesses requiring complete fleet management, to individual EV drivers.ĬhargePoint now has the resources necessary to bolster its position in existing markets, as well as fund European growth.Įvolving from a regional to global company, ChargePoint is the top charging brand in North America. This helps organizations manage EV adoption while decreasing costs per mile driven, through more efficient use of EVs as part-time or full replacements for gas-powered fleets of vehicles. As a result, I am neutral on the stock.ĬhargePoint has been developing innovative EV products since 2009. However, the company is nowhere near profitability, and is priced expensively right now. ChargePoint Stock: Expensive, but Growth to ComeĬhargePoint Holdings (CHPT) is a high-growth company with competitive positioning, thanks to its large network. The company’s previous quarter sales were 108,290 K while its latest quarter income was -92,700 K.© Reuters. Currently, annual sales are 241,010 K while annual income is -132,240 K. With a market capitalization of 5.17 billion, the company has a total of 339,868K Shares Outstanding. The third support level lies at $13.62 if the price breaches the second support level. If the price goes on to break the first support level at $14.52, it is likely to go to the next support level at $14.00. The third major resistance level sits at $16.32. At $15.80, the stock is likely to face the second major resistance level. Nevertheless, the first resistance level for the watch stands at $15.42 in the near term. Based on volatility metrics of the stock, it showed a historical volatility of 68.66% in the past 14 days, which was lower than the 94.04% volatility it showed in the past 100 days.Īt the time of writing, stock’s 50-day Moving Average is $15.89, while its 200-day Moving Average is $15.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.21 per share during the current fiscal year.ĭuring the past 100 days, ChargePoint Holdings Inc.’s (CHPT) raw stochastic average was set at 57.36%, which indicates a significant increase from 12.57% during the past two weeks. This company achieved a net margin of -54.87 while generating a return on equity of -48.42. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). In its latest quarterly report, released on, the company reported earnings of -$0.21 per share, which was $0.1 lower than the consensus estimate of $0.26. This insider now owns 955,094 shares in total. Before that another transaction happened on Sep 21, when Company’s insider sold 14,269 for $16.00, making the entire transaction worth $228,287. In this transaction General Counsel and Secretary of this company sold 3,761 shares at a rate of $16.00, taking the stock ownership to the 260,404 shares. The most recent insider transaction that took place on Sep 21, was worth 60,162. is 2.70%, while institutional ownership is 54.70%. The insider ownership of ChargePoint Holdings Inc. (CHPT) Insider and Institutional OwnershipĪs we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Retail Industry. In terms of profitability, gross margin is +20.30, operating margin of -110.14, and the pretax margin is -56.09. Let’s look at the performance matrix of the company that is accounted for 1436 employees. With a float of $328.88 million, this company’s outstanding shares have now reached $339.87 million. Meanwhile, its annual earnings per share averaged -18.10%. Sign up here to get your free report now. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest. While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well.
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