ChargePoint (CHPT) Expected to Announce Quarterly Earnings on Tuesday

ChargePoint (NYSE:CHPT) is expected 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. Parties that are interested in participating in the company’s conference call can do so using this link.

ChargePoint Price Performance

Shares of CHPT stock opened at $0.65 on Tuesday. The firm has a market cap of $285.31 million, a P/E ratio of -0.87 and a beta of 1.70. ChargePoint has a fifty-two week low of $0.62 and a fifty-two week high of $2.44. The business’s 50 day moving average price is $1.00 and its 200-day moving average price is $1.25. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.24 and a current ratio of 1.94.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CHPT shares. Benchmark restated a “buy” rating and issued a $3.00 target price on shares of ChargePoint in a research note on Wednesday, November 20th. UBS Group lowered their target price on ChargePoint from $1.50 to $1.30 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Stifel Nicolaus lowered their target price on ChargePoint from $3.00 to $2.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Needham & Company LLC restated a “hold” rating on shares of ChargePoint in a research note on Thursday, December 5th. Finally, Royal Bank of Canada lowered their price objective on ChargePoint from $2.50 to $2.00 and set a “sector perform” rating for the company in a research note on Thursday, December 5th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $2.41.

Insider Transactions at ChargePoint

In related news, CAO Henrik Gerdes sold 28,536 shares of ChargePoint stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $1.14, for a total value of $32,531.04. Following the completion of the sale, the chief accounting officer now owns 362,060 shares of the company’s stock, valued at $412,748.40. The trade was a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mansi Khetani sold 22,038 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $1.14, for a total value of $25,123.32. Following the sale, the chief financial officer now directly owns 1,230,305 shares of the company’s stock, valued at $1,402,547.70. This represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,148 shares of company stock worth $99,349 over the last quarter. 3.50% of the stock is currently owned by insiders.

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.