ChargePoint Holdings Inc. (NYSE:CHPT) finished Thursday with a subtraction of -$0.87 to close at $15.34, a downside of -5.37 percent. An average of 10,965,200 shares of common stock have been traded in the last five days. There was a fall of -$3.91 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 12,404,445 shares traded, while the 50-day average volume stands at 10,390,830.
CHPT stock has increased by 8.03% in the last month. The company shares reached their 1-month lowest point of $14.04 on 08/23/22. With the stock rallying to its 52-week high on 04/04/22, shares of the company touched a low of $8.50 and a high of $28.72 in 52 weeks. It has reached a new high 6 times so far this year and lost -19.48% or -$3.71 in price. In spite of this, the price is down -46.59% from the 52-week high.
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8 days have passed since ChargePoint Holdings Inc. (CHPT) last reported insider trading activity. Jansen Colleen, who is Chief Marketing Officer, most recently acquired $3,500 shares at $19.00 per share on Sep 15. In this transaction, the insider spent $66,500. Chief Financial Officer, JACKSON REX S, disposed of 63 shares at a price of $17.79 on Sep 12. The insider now owns more than $1,121 worth of shares. Prior to that, Chief Product Officer Loewenthal William J went on to Sale 3,115 shares at $15.73 each on Sep 08. An amount of $48,999 was transacted.
ChargePoint Holdings Inc. (CHPT) has a trailing price-to-sales (P/S) ratio at 16.71, the price-to-book (PB) ratio at 13.22.
The quick ratio of ChargePoint Holdings Inc. for the three months ended July 30 was 2.60, and the current ratio was 2.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.75 and a total debt to equity ratio of 0.00 for the quarter ending July 30. Its gross profit as reported stood at $53.53 million compared to revenue of $241.01 million.
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 -32.00%.
For the three-month period that ended July 30, ChargePoint Holdings Inc. had $283.88 million in cash and short-term investments compared to $294.33 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$92.7 million in the quarter, while revenues of -$89.27 million were grew 8.37%. The analyst consensus anticipated ChargePoint Holdings Inc.’s latest quarter earnings to come in at -$0.22 per share, but it turned out to be -$0.18, a 18.20% surprise. For the quarter, EBITDA amounted to -$83.53 million. Shareholders own equity worth $339.87 million.
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 22 September was 39.02%, suggesting the stock is Neutral, with historical volatility in this time frame at 72.07%.
As of today, CHPT’s price is $16.74 -20.31% or -$3.91 from its 5-day moving average. CHPT is currently trading +0.99% higher than its 20-day SMA and +18.55% higher than its 100-day SMA. However, the stock’s current price level is +28.58% above the SMA50 and -26.04% below the SMA200.
The stochastic %K and %D were 31.17% and 44.00%, respectively, and the average true range (ATR) was 1.28. With the 14-day stochastic at 19.65% and the average true range at 1.26, the RSI (14) stands at 44.53%. The stock has reached -1.44 on the 9-day MACD Oscillator while the 14-day reading was at -0.95.
Credit Suisse launched coverage on ChargePoint Holdings Inc. (NYSE: CHPT) in its analyst report released on September 07, 2022. The firm assigned the stock an Outperform rating. The consensus rating for ChargePoint Holdings Inc. (CHPT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CHPT, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 16 others rate it as a “buy”.