ChargePoint Holdings Inc (NYSE:CHPT) shares traded -0.91% lower at $2.18 on Wall Street last session.
CHPT stock price is now 28.75% away from the 50-day moving average and 0.39% away from the 200-day moving average. The market capitalization of the company currently stands at $927.15M.
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With the price target reduced from $2 to $1.50, Goldman Downgraded its rating from Neutral to Sell for ChargePoint Holdings Inc (NYSE: CHPT). On March 06, 2024, RBC Capital Mkts Downgraded its previous ‘Outperform’ rating to ‘Sector Perform’ on the stock reducing its target price from $3.50 to quote $3, while ‘The Benchmark Company’ rates the stock as ‘Buy’
In other news, Wilmer Richard, President and CEO sold 27,722 shares of the company’s stock on Jun 21 ’24. The stock was sold for $38,730 at an average price of $1.40. Upon completion of the transaction, the President and CEO now directly owns 2,331,740 shares in the company, valued at $5.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 21 ’24, Interim CFO Khetani Mansi sold 19,007 shares of the business’s stock. A total of $26,555 was realized by selling the stock at an average price of $1.40. This leaves the insider owning 402,493 shares of the company worth $0.88 million. A total of 9.09% of the company’s stock is owned by insiders.
During the past 12 months, ChargePoint Holdings Inc has had a low of $1.21 and a high of $9.20. As of last week, the company has a debt-to-equity ratio of 1.08, a current ratio of 2.13, and a quick ratio of 1.45. The fifty day moving average price for CHPT is $1.6932 and a two-hundred day moving average price translates $2.1715 for the stock.
The latest earnings results from ChargePoint Holdings Inc (NYSE: CHPT) was released for 2024-04-30. The net profit margin was -93.05% and return on equity was -148.67% for CHPT. The company reported revenue of $107.04 million for the quarter, compared to $130.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.68 percent.
