The Insider Activity Of ChargePoint Holdings Inc. (CHPT) Is Worth Monitoring

ChargePoint Holdings Inc. (NYSE:CHPT) finished Wednesday with an addition of $0.01 to close at $20.00, an upside of 0.05 percent. An average of 6,343,480 shares of common stock have been traded in the last five days. There was a gain of $2.08 in the past week. The last 20 days have seen an average of 9,626,065 shares traded, while the 50-day average volume stands at 9,222,396.

CHPT stock has decreased by -5.39% in the last month. The company shares reached their 1-month lowest point of $17.60 on 10/06/21. With the stock rallying to its 52-week high on 01/13/21, shares of the company touched a low of $12.75 and a high of $49.48 in 52 weeks. In spite of this, the price is down -59.58% from the 52-week high.


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Insider Transactions

15 days have passed since ChargePoint Holdings Inc. (CHPT) last reported insider trading activity. Linse Michael, who is Director, most recently acquired $225,904 shares at $20.57 per share on Sep 29. In this transaction, the insider spent $4,646,700. Chief Marketing Officer, Jansen Colleen, disposed of 49,429 shares at a price of $20.59 on Sep 28. The insider now owns more than $1,017,778 worth of shares. Prior to that, See Remarks Sidle Eric went on to Sale 60,087 shares at $20.72 each on Sep 28. An amount of $1,244,798 was transacted.

Valuation Metrics

ChargePoint Holdings Inc. (CHPT) has a trailing price-to-earnings (P/E) ratio of 21.00 for the broader industry and 31.09 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 67.73, the price-to-book (PB) ratio at 11.70.

The quick ratio of ChargePoint Holdings Inc. for the three months ended July 30 was 5.30, and the current ratio was 5.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending July 30.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, ChargePoint Holdings Inc.’s return on assets was -89.90%. For the broader industry, ROE averaged 10.33 over the past year.

Earnings Surprise

The analyst consensus anticipated ChargePoint Holdings Inc.’s latest quarter earnings to come in at -$0.13 per share, but it turned out to be -$0.13, a 0.00% surprise. For the quarter, EBITDA amounted to -$71.02 million. Shareholders own equity worth $322.6 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at ChargePoint Holdings Inc. (CHPT) price momentum. RSI 9-day as of the close on 13 October was 55.24%, suggesting the stock is Neutral, with historical volatility in this time frame at 56.51%.

As of today, CHPT’s price is $19.22 +11.61% or $2.08 from its 5-day moving average. CHPT is currently trading -2.96% lower than its 20-day SMA and -15.54% lower than its 100-day SMA. However, the stock’s current price level is -13.49% below the SMA50 and -54.13% below the SMA200.

The stochastic %K and %D were 53.37% and 40.49%, respectively, and the average true range (ATR) was 0.90. With the 14-day stochastic at 61.38% and the average true range at 0.95, the RSI (14) stands at 49.20%. The stock has reached 0.87 on the 9-day MACD Oscillator while the 14-day reading was at 0.33.

Analyst Ratings

BofA Securities launched coverage on ChargePoint Holdings Inc. (NYSE: CHPT) in its analyst report released on September 08, 2021. The firm assigned the stock a a Neutral rating.The consensus rating for ChargePoint Holdings Inc. (CHPT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CHPT, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.

What is CHPT’s price target for the next 12 months?

Analysts predict a range of price targets between $24.00 and $46.00, with a median target of $33.00. Taking a look at these predictions, the average price target given by analysts for ChargePoint Holdings Inc. (CHPT) stock is $34.00.

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