What's Going On With ChargePoint Shares?

ChargePoint Holdings Inc CHPT shares are trading lower by 4.6% to $5.36 Monday morning. The stock is falling after Goldman Sachs analyst Mark Delaney maintained ChargePoint with a Neutral and lowered the price target from $10 to $7.

ChargePoint has also been volatile in September after the company recently reported worse-than-expected second-quarter results.

What Happened?

ChargePoint Holdings disclosed its quarterly financial performance, revealing a net loss of 24 cents per share. This figure fell short of the analyst consensus estimate of a loss of 15 cents.

Additionally, the company reported quarterly sales totaling $150.49 million, which were slightly below the analyst consensus estimate of $153.24 million by 1.79 percent.

This figure indicates a 39% increase in sales when compared to the $108.29 million reported during the same period in the preceding year...Read More

According to data from Benzinga Pro, ChargePoint has a 52-week high of $18.82 and a 52-week low of $4.96.