ChargePoint (CHPT) Projected to Post Earnings on Tuesday

ChargePoint (NYSE:CHPT - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Tuesday, March 4th. Analysts expect the company to announce earnings of ($0.08) per share and revenue of $100.99 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

ChargePoint Price Performance

Shares of ChargePoint stock traded down $0.05 during trading on Monday, reaching $0.61. The company's stock had a trading volume of 8,791,619 shares, compared to its average volume of 29,534,842. ChargePoint has a one year low of $0.56 and a one year high of $2.44. The stock has a 50-day moving average price of $0.96 and a two-hundred day moving average price of $1.22. The stock has a market capitalization of $271.16 million, a P/E ratio of -0.83 and a beta of 1.70. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 1.65.

Insider Activity

In other ChargePoint news, CAO Henrik Gerdes sold 28,536 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $1.14, for a total transaction of $32,531.04. Following the completion of the transaction, the chief accounting officer now owns 362,060 shares in the company, valued at approximately $412,748.40. This represents a 7.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jagdeep Ca Singh sold 36,574 shares of ChargePoint stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $1.14, for a total value of $41,694.36. Following the completion of the sale, the insider now directly owns 1,161,430 shares in the company, valued at approximately $1,324,030.20. This represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,148 shares of company stock valued at $99,349 in the last quarter. Company insiders own 3.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CHPT. UBS Group decreased their price objective on ChargePoint from $1.50 to $1.30 and set a "neutral" rating on the stock in a research report on Tuesday, December 10th. The Goldman Sachs Group decreased their price target on ChargePoint from $1.00 to $0.75 and set a "sell" rating on the stock in a report on Thursday, February 20th. Benchmark reissued a "buy" rating and set a $3.00 price objective on shares of ChargePoint in a report on Wednesday, November 20th. Royal Bank of Canada reduced their target price on shares of ChargePoint from $2.50 to $2.00 and set a "sector perform" rating on the stock in a research note on Thursday, December 5th. Finally, Needham & Company LLC reissued a "hold" rating on shares of ChargePoint in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $2.41.

About ChargePoint

ChargePoint Holdings, Inc, together with its subsidiaries, provides electric vehicle (EV) charging networks and charging solutions in the North America and Europe. The company serves commercial, such as retail, workplace, hospitality, parking, recreation, municipal, education, and highway fast charge; fleet, which include delivery, take home, logistics, motor pool, transit, and shared mobility; and residential including single family homes and multi-family apartments and condominiums customers.