ChargePoint Slips 2.58% as Major Indexes Advance
The charging company’s shares fell as U.S. indexes rose, while analysts’ estimates point to higher quarterly revenue and a narrower loss.
Key takeaways
- ChargePoint shares closed at $7.92, down 2.58%, while the S&P 500 gained 0.6%.
- Zacks estimates call for quarterly revenue of $109.83 million and a loss of $0.55 per share.
ChargePoint Holdings shares closed at $7.92, down 2.58%, while major U.S. indexes advanced. The S&P 500 rose 0.6%, the Dow gained 0.83% and the Nasdaq added 0.64%.
Over the past month, the stock fell 8.96%, compared with a 1.57% decline for the Auto-Tires-Trucks sector and a 1.34% gain for the S&P 500.
For its upcoming results, Zacks consensus estimates project a loss of $0.55 per share and revenue of $109.83 million. Those figures would represent year-over-year changes of 58.33% and 3.93%, respectively. For the full year, consensus estimates call for a loss of $2.03 per share and revenue of $442.3 million.
This article was produced with the help of AI technology. Source: Yahoo Finance
