Views On ChargePoint Holdings Inc. (CHPT) From A Technical Perspective

The stock of ChargePoint Holdings Inc. (NYSE:CHPT) decreased by decreased by -$0.67 on Friday to finish at $21.35, down -3.04 percent. The last five days have seen an average of 7,499,760 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$18.73. The average number of shares traded over the last 20 days was 8,851,975, while the average volume over the last 50 days totaled 9,344,296.

CHPT stock appreciated 4.10% since last month. On 10/06/21, the company’s shares reached a one-month low of $17.60. The stock touched a high of $49.48 on 01/13/21, after rallying from a low of $12.75 in 52 weeks. The price of CHPT stock has declined by -46.73% or -$18.73 this year, reaching a new high 6 times. Still, the stock price is down -56.85% from the 52-week high.


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Insider Transactions

There have been 26 days since ChargePoint Holdings Inc. (CHPT) last reported insider trading activity on Sep 29. On Sep 29, Director Linse Michael sold 225,904 shares at $20.57 each. This transaction resulted in the insider making $4,646,700. On Sep 28, Jansen Colleen sold 49,429 shares at a price of US$20.59. After the transaction, the insider now owns 366,619 shares. See Remarks Sidle Eric had earlier sold 60,087 shares on Sep 28 for $20.72 a share. The transaction was completed for $1,244,798.

For the three months ended July 30, ChargePoint Holdings Inc.’s quick ratio was 5.30, while its current ratio was 5.50, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 20.70% percent.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CHPT’s return on assets (ROA) during the last 12 months has been -89.90%. In the meantime, the return on equity (ROE) for the last 12 months was -148.70%. ROE has averaged 10.33 in the past year for the broader industry.

Earnings Surprise

According to ChargePoint Holdings Inc.’s quarterly financial report for the quarter that ended July 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $56.12 million, while revenues rose by 100.0% to $40.51 million. It was predicted that ChargePoint Holdings Inc.’s quarterly earnings would be -$0.13, but it ended up being -$0.13. EBITDA was -$71.02 million for the quarter. At the end of ChargePoint Holdings Inc.’s most recent quarter ended July 30, its liabilities totaled 235.58 million, while its total debt was $24.71 million. Equity owned by shareholders amounts to $322.6 million.

Technical Picture

Here’s a quick look at ChargePoint Holdings Inc.’s (CHPT) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 62.62%, suggesting the stock is Neutral, with a 44.29% historical volatility rate.

The stochastic %K and %D were 89.70% and 90.30% respectively, while the average true range (ATR) was 0.90. Based on the 14-day stochastic reading of 78.62%, the RSI (14) reading is 57.16%. On the 9-day MACD Oscillator, the stock is at 0.93, and the 14-day reading is at 1.71.

Analyst Ratings

In its analyst report released on October 19, 2021, Stifel began covering ChargePoint Holdings Inc. (NYSE: CHPT). The stock was rated as a Buy by the brokerage firm. Analysts have assigned ChargePoint Holdings Inc. (CHPT) an Overweight rating. CHPT is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 9 others recommend it as a buy.

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

The current consensus forecast for the stock is between $24.00 and $46.00, with a median target price of $32.50. In analyzing these forecasts, the average price target given by analysts for ChargePoint Holdings Inc. (CHPT) is $33.33.

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