ChargePoint (CHPT) Expected to Announce Quarterly Earnings on Tuesday

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

ChargePoint Stock Down 15.1 %

NYSE:CHPT opened at $0.65 on Tuesday. The company has a market cap of $285.31 million, a PE ratio of -0.87 and a beta of 1.70. ChargePoint has a one year low of $0.62 and a one year high of $2.44. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.94 and a quick ratio of 1.24. The firm’s 50 day simple moving average is $1.00 and its 200 day simple moving average is $1.25.

Insider Transactions at ChargePoint

In related news, CAO Henrik Gerdes sold 28,536 shares of the company’s stock in a transaction on 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jagdeep Ca Singh sold 36,574 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $1.14, for a total value of $41,694.36. Following the sale, the insider now owns 1,161,430 shares of the company’s stock, valued at $1,324,030.20. This trade represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 87,148 shares of company stock valued at $99,349 over the last ninety days. 3.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CHPT has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of ChargePoint in a research report on Thursday, December 5th. UBS Group decreased 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. Benchmark reissued a “buy” rating and issued a $3.00 price target on shares of ChargePoint in a research note on Wednesday, November 20th. The Goldman Sachs Group dropped their price target on ChargePoint from $1.00 to $0.75 and set a “sell” rating on the stock in a research note on Thursday, February 20th. Finally, Royal Bank of Canada dropped their price target on ChargePoint from $2.50 to $2.00 and set a “sector perform” rating on the stock in a research note on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $2.41.

ChargePoint Company Profile

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.