ChargePoint Holdings Inc (NYSE:CHPT) shares traded 5.19% higher at $1.42 on Wall Street last session.
CHPT stock price is now -19.61% away from the 50-day moving average and -22.88% away from the 200-day moving average. The market capitalization of the company currently stands at $612.84M.
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On September 05, 2024, TD Cowen Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $2, while ‘Goldman’ rates the stock as ‘Sell’
In other news, Richard Wilmer, Officer bought 27,252 shares of the company’s stock on Sep 23 ’24. The stock was bought for $36,839 at an average price of $1.35. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 23 ’24, Officer Jagdeep Singh bought 13,361 shares of the business’s stock. A total of $18,061 was incurred on buying the stock at an average price of $1.35. 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 $5.23. As of last week, the company has a debt-to-equity ratio of 1.31, a current ratio of 2.03, and a quick ratio of 1.32. The fifty day moving average price for CHPT is $1.7512 and a two-hundred day moving average price translates $1.83815 for the stock.
The latest earnings results from ChargePoint Holdings Inc (NYSE: CHPT) was released for 2024-07-31. The net profit margin was -89.12% and return on equity was -155.55% for CHPT. The company reported revenue of $108.54 million for the quarter, compared to $150.49 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -27.88 percent.
