ChargePoint (CHPT) Stock Price, News & Analysis

Company Overview

ChargePoint Holdings, Inc. provides electric vehicle (EV) charging networks and charging solutions in the United States and internationally. The company provides comprehensive solutions for any size fleet and is fundamental to the build-out of global EV charging infrastructure. The company was founded in 2007 as a pure-play focused on EV infrastructure with the intention of serving the needs of EV drivers and the EV industry at large. The company is headquartered in Campbell, California, and has offices across the US and Europe.

ChargePoint Holdings offers a portfolio of hardware, software, and services that provide an end-to-end solution for EV charging needs of all varieties. The company serves the commercial, fleet, and residential markets and lays claim to a network of more than 18,000 EV charging stations and growing. Among the many attractive features of ChargePoint’s stations is the open nature of the network. Individuals, businesses, and OEM manufacturers can easily join and use the stations at any public location, worldwide while tracking their activity with cloud-based software.

Solutions for fleet management include charging stations, fleet management software, and cloud-supported hardware. Solutions for businesses include in-house charging points that can be used internally, provided to clients and customers as an amenity, or used as a source of income. Solutions for individuals include propriety, award-winning hardware installed in-home, and access to the worldwide network of charging stations.

The network of charging stations can be located and accessed via a mobile app. The app shows all charge points within a set distance and indicates which ones are free or in use. The app can also control the charging session and other account features including payments.

As of 2022, company stats indicated a charge was completed every second of the day and the pace was accelerating. In regard to the company’s scope and reach, more than 75% of Fortune 500 companies are customers and that figure is only limited because there is so much competition in the market.

The four key differences that set ChargePoint apart from its competition are its networked charging stations, complete cloud-based software solutions for all verticals, the mobile app, and 24/7 service for clients. The networked charging system alone allows for easy access to stations as well as improving uptime, efficiency, and customer satisfaction.

Written by Jeffrey Neal Johnson

Key Stats

• Today's Range: $1.13 to $1.20
• 50-Day Range: $1.10 to $1.52
• 52-Week Range: $1.05 to $3.13
• Volume: 12.13 million shs
• Average Volume: 13.24 million shs
• Market Capitalization: $496.32 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $2.47
• Consensus Rating: Hold

ChargePoint Stock Analysis - MarketRank™

ChargePoint scored higher than 41% of companies evaluated by MarketBeat, and ranked 57th out of 90 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.1 / 5
• Analyst Rating: Hold

Consensus Rating

ChargePoint has received a consensus rating of Hold. The company's average rating score is 2.18, and is based on 3 buy ratings, 11 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

ChargePoint has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for ChargePoint are expected to grow in the coming year, from ($0.56) to ($0.34) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of ChargePoint is -1.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of ChargePoint is -1.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

ChargePoint has a P/B Ratio of 1.47. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

29.99% of the float of ChargePoint has been sold short.

Short Interest Ratio / Days to Cover

ChargePoint has a short interest ratio ("days to cover") of 10.3, which indicates bearish sentiment.

Change versus previous month

Short interest in ChargePoint has recently increased by 3.86%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

ChargePoint does not currently pay a dividend.

Dividend Growth

ChargePoint does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

29.99% of the float of ChargePoint has been sold short.

Short Interest Ratio / Days to Cover

ChargePoint has a short interest ratio ("days to cover") of 10.3, which indicates bearish sentiment.

Change versus previous month

Short interest in ChargePoint has recently increased by 3.86%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.07

News Sentiment

ChargePoint has a news sentiment score of 0.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for ChargePoint this week, compared to 9 articles on an average week.

Search Interest

34 people have searched for CHPT on MarketBeat in the last 30 days. This is an increase of 79% compared to the previous 30 days.

MarketBeat Follows

19 people have added ChargePoint to their MarketBeat watchlist in the last 30 days. This is an increase of 6% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, ChargePoint insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $135,295.00 in company stock.

Percentage Held by Insiders

Only 3.50% of the stock of ChargePoint is held by insiders.

Percentage Held by Institutions

Only 37.77% of the stock of ChargePoint is held by institutions.

CHPT Stock Analysis - Frequently Asked Questions

How have CHPT shares performed this year?

ChargePoint's stock was trading at $2.34 on January 1st, 2024. Since then, CHPT stock has decreased by 50.9% and is now trading at $1.15.
View the best growth stocks for 2024 here.

How were ChargePoint's earnings last quarter?

ChargePoint Holdings, Inc. (NYSE:CHPT) announced its earnings results on Wednesday, September, 4th. The company reported ($0.15) EPS for the quarter, hitting the consensus estimate of ($0.15). The firm earned $108.54 million during the quarter, compared to analysts' expectations of $114.15 million. ChargePoint had a negative net margin of 89.12% and a negative trailing twelve-month return on equity of 112.67%.

Who are ChargePoint's major shareholders?

Top institutional investors of ChargePoint include State Street Corp (2.39%), Geode Capital Management LLC (2.10%), Charles Schwab Investment Management Inc. (0.75%) and Point72 Asset Management L.P. (0.51%). Insiders that own company stock include Q-Grg Vii (Cp) Investment Part, Pasquale Romano, Richard Wilmer, Rex S Jackson, Michael Linse, Rebecca Chavez, Jagdeep Ca Singh, Michael D Hughes, Mansi Khetani, Eric Sidle, Colleen Jansen, William J Loewenthal, Henrik Gerdes, Ekta Singh-Bushell, Bruce R Chizen and Lawrence Lee.
View institutional ownership trends.

How do I buy shares of ChargePoint?

Shares of CHPT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of ChargePoint own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ChargePoint investors own include Block (SQ), Digital Turbine (APPS), SoFi Technologies (SOFI), Palantir Technologies (PLTR), CrowdStrike (CRWD), Canoo (GOEV) and Okta (OKTA).

Company Calendar

• Last Earnings: 9/04/2024
• Today: 11/24/2024
• Next Earnings (Confirmed): 12/31/2024
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Auto/Tires/Trucks
• Industry: Miscellaneous transportation equipment
• Sub-Industry: Automobiles And Trucks
• Current Symbol: NYSE:CHPT
• CUSIP: N/A
• CIK: 1777393
• Web: www.chargepoint.com
• Phone: 408-841-4500
• Fax: N/A
• Employees: 1,650
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $2.47
• High Stock Price Target: $4.00
• Low Stock Price Target: $1.25
• Potential Upside/Downside: +115.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.18
• Research Coverage: 17 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.99)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-457,610,000.00
• Net Margins: -89.12%
• Pretax Margin: -88.77%
• Return on Equity: -112.67%
• Return on Assets: -31.86%

Debt

• Debt-to-Equity Ratio: 1.24
• Current Ratio: 2.03
• Quick Ratio: 1.32

Sales & Book Value

• Annual Sales: $441.70 million
• Price / Sales: 1.12
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.78 per share
• Price / Book: 1.47

Miscellaneous

• Outstanding Shares: 431,581,000
• Free Float: 416,476,000
• Market Cap: $496.32 million
• Optionable: Optionable
• Beta: 1.70