ChargePoint Holdings, Inc. (CHPT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this company have returned -1.6%, compared to the Zacks S&P 500 composite's +5.3% change. During this period, the Zacks Automotive - Original Equipment industry, which ChargePoint falls in, has gained 8.4%. The key question now is: What could be the stoc ...

Shares of ChargePoint (CHPT -0.59%) have declined since their peak in late 2020 and may now be reaching a value point if the operating results turn around. The $750 million market cap and 2023 revenue of $506.6 million puts the price-to-sales multiple at just 1.5 times, the lowest level since the company came public. The challenge over the next decade is making money. ChargePoint hasn't been able to do that, and 2024 will be a critical year for the company. The razor/razor blade model falls flatChargePoint' ...

ChargePoint (CHPT -2.73%) was once a $10 billion company that investors thought could change how we fuel vehicles forever. But the stock has dropped and may now be facing a crisis. In this video, Travis Hoium discusses the company's strategy and future.*Stock prices used were end-of-day prices of March 12, 2024. The video was published on March 13, 2024. ...

ChargePoint Holdings, Inc. (CHPT) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company have returned -10.7% over the past month versus the Zacks S&P 500 composite's +2.7% change. The Zacks Automotive - Original Equipment industry, to which ChargePoint Holdings, Inc. belongs, has gained 4.8% over this period. Now the key question is: Where could the stock be headed in ...

ChargePoint's (CHPT -1.54%) sales and margins have dropped off in recent quarters, and the electric vehicle (EV) charging company even announced layoffs recently to save money. ChargePoint disappointed the market yet again with its just-released fourth-quarter numbers, compelling several analysts to dial down their expectations. Yet, some still see a huge upside in the stock. RBC Capital analyst Chris Dendrinos is one of them.While the analyst cut ChargePoint stock's price target to $3 per share from $3.50 ...

Down roughly 20% since the start of the year, ChargePoint (CHPT 1.04%) stock has clearly failed to charge up investor excitement in 2024 as the S&P 500 has soared almost 7%. In fact, this EV charging infrastructure stock has been consistently powering down over the past year -- a period during which it has fallen more than 80%. At least two analysts think that the stock is bound to bounce higher, but not as much as they had preciously thought. Chris Pierce, an analyst at Needham, and Jaime Perez, an analyst ...

ChargePoint Holdings Inc (NYSE:CHPT) stock is sliding today, after the electric vehicle (EV) charging name posted a fourth-quarter revenue miss and disappointing current-quarter revenue forecast. RBC downgraded the shares to "sector perform" from "outperform" after the event, while Needham cut its price target to $3 from $4. At last glance, CHPT was down 8% at $1.83, nearing its Jan. 19 record low of $1.56. The security slipped into penny stock territory for the first time this past September, down 82% sinc ...

ChargePoint Holdings, Inc. (NYSE:CHPT) Q4 2024 Earnings Conference Call March 5, 2024 4:30 PM ET Company Participants Patrick Hamer - Vice President of Capital Markets and Investor Relations Rick Wilmer - President and Chief Executive Officer Mansi Khetani - Interim Chief Financial Officer Conference Call Participants Colin Rusch - Oppenheimer Chris Pierce - Needham & Company Mark Delaney - Goldman Sachs Bill Peterson - JPMorgan Matt Summerville - D.A. Davidson Christopher Souther - B. Riley Michael ...

CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint Holdings, Inc. (NYSE:CHPT) (“ChargePoint”), a leading provider of networked solutions for charging electric vehicles (EVs), today reported results for its fourth quarter and full fiscal year ended January 31, 2024. “In the fourth quarter, ChargePoint continued to focus on operational execution, delivering sequential revenue growth, normalization in gross margin, reduction of operating expenses, and a significant decrease in cash usage. Quarterly milestones i ...

With the broader indices such as the S&P 500 and the Nasdaq surging higher, there’s little sense for investors to hold on to these struggling stocks to sell. The potential for losses is very high with this list of companies, and I therefore advise investors to exercise caution.While it’s tempting to hold onto stocks out of loyalty or hope for a turnaround, the financial markets are unforgiving, and sentiment can shift rapidly. In a market environment where growth and innovation are richly rewarded, companie ...