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 ...

ChargePoint Holdings, Inc. (CHPT) is slated to release fourth-quarter fiscal 2024 results on Mar 5, after the closing bell. The Zacks Consensus Estimate for the to-be-reported loss per share and revenues is pegged at 12 cents and $126.48 million, respectively.For the fiscal fourth quarter, the consensus estimate for the electric vehicle (EV) charging company’s loss per share has widened by 2 cents in the past 90 days. Its bottom-line estimates imply an increase of 7.69% from the year-ago reported number.The ...

Campbell, Calif. – March 5, 2024 – 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. Exhibit 99.1 -chargepoin+ ChargePoint Reports Fourth Quarter and Full Fiscal Year 2024 Financial Results • Fiscal fourth quarter revenue of $116 million and full fiscal year revenue of $507 million • Fiscal fourth quarter GAAP gross margin of 19% and ...

ChargePoint Holdings, Inc. (CHPT) ended the recent trading session at $1.99, demonstrating a -1% swing from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.17%. Elsewhere, the Dow lost 0.06%, while the tech-heavy Nasdaq lost 0.55%.The the stock of company has risen by 3.61% in the past month, lagging the Auto-Tires-Trucks sector's gain of 11.99% and the S&P 500's gain of 3.98%.Investors will be eagerly watching for the performance of ChargePoint Holdings, Inc. in its upco ...

Under-$5 stocks for new investors are a tricky proposition. On one hand, today’s under-$5 stocks could be some of tomorrow’s stock market giants. As recently as 2013, Nvidia (NASDAQ:NVDA) traded in under-$5 territory, and we all know how that turned out. At the same time, plenty of under-$5 stocks are in the stock market’s dustbin.Before buying these under-$5 stocks for new investors, ask yourself two questions. One, does it have the financial strength to survive the next few years, especially in today’s ma ...