The price of ChargePoint Holdings Inc (NYSE:CHPT) shares last traded on Wall Street fell -5.11% to $1.30.
CHPT stock price is now -23.04% away from the 50-day moving average and -28.56% away from the 200-day moving average. The market capitalization of the company currently stands at $561.05M.
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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, Wilmer Richard, President and CEO sold 27,252 shares of the company’s stock on Sep 23 ’24. The stock was sold for $36,790 at an average price of $1.35. Upon completion of the transaction, the President and CEO now directly owns 2,304,489 shares in the company, valued at $3.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 23 ’24, CCXO Singh Jagdeep CA sold 13,361 shares of the business’s stock. A total of $18,037 was realized by selling the stock at an average price of $1.35. This leaves the insider owning 873,004 shares of the company worth $1.13 million. A total of 9.07% 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 $5.00. 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 $1.6752 and a two-hundred day moving average price translates $1.81415 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.
