A Closer Look At ChargePoint Holdings Inc. (CHPT)’s Financials


As of Wednesday close, ChargePoint Holdings Inc.’s (NYSE:CHPT) stock was up $0.48, moving up 4.18 percent to $11.97. The average number of shares traded per day over the past five days has been 7,326,740 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.91 fall in that time frame. In the last twenty days, the average volume was 7,507,350, while in the previous 50 days, it was 8,397,750.

Since last month, CHPT stock retreated -10.27%. Shares of the company fell to $11.15 on 11/09/22, the lowest level in the past month. A 52-week high of $27.90 was reached on 04/04/22 after having rallying from a 52-week low of $8.50. Since the beginning of this year, CHPT’s stock price has dropped by -37.17% or -$7.08, and marked a new high 6 times. However, the stock has declined by -57.10% since its 52-week high.

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CHPT stock investors should be aware that ChargePoint Holdings Inc. (CHPT) stock had its last reported insider trading activity 23 days ago on Nov 02. Loewenthal William J, the Chief Product Officer of the company, disposed of 3,115 shares for $14.03 on Nov 02. It resulted in a $43,710 divestment by the insider. CHIZEN BRUCE R sold 10,000 shares at an average price of $15.11 on Oct 03. The insider now owns 747,256 shares following the transaction. On Oct 03, Director CHIZEN BRUCE R sold 10,000 shares at $15.11 apiece. The transaction was valued at $151,137.

Financial Health

In the three months ended July 30, ChargePoint Holdings Inc.’s quick ratio stood at 2.60, while its current ratio was 2.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 0.75. On the profitability front, the trailing twelve-month gross margin is 19.10% percent. In the year ended July 30, operating margins totaled -97.20%. Based on annual data, CHPT earned $53.53 million in gross profit and brought in $241.01 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -48.00%. Return on equity (ROE) for the past 12 months was -62.60%.

In ChargePoint Holdings Inc.’s quarter-end financial report for July 30, it reported total debt of $294.33 million against cash and short-term investments of $283.88 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CHPT’s revenue rose 48.18% to $81.63 million during the quarter, while net income inched up to $108.29 million. While analysts expected ChargePoint Holdings Inc. to report -$0.22 quarterly earnings, the actual figure was -$0.18 per share, beating the consensus estimate by 18.20%. During the quarter, the company generated -$83.53 million in EBITDA. The liabilities of ChargePoint Holdings Inc. were 654.34 million at the end of its most recent quarter ended July 30, and its total debt was $320.55 million. The value of shareholders’ equity is $339.87 million.

Technical Picture

This quick technical analysis looks at ChargePoint Holdings Inc.’s (CHPT) price momentum. With a historical volatility rate of 65.36%, the RSI 9-day stood at 42.11% on 23 November.

With respect to its five-day moving average, the current ChargePoint Holdings Inc. price is down by -7.07% percent or -$0.91. At present, CHPT shares trade -12.69% below its 20-day simple moving average and -5.75% percent below its 100-day simple moving average. However, the stock is currently trading approximately -34.16% below its SMA50 and -7.92% below its SMA200.

Stochastic coefficient K was 18.89% and Stochastic coefficient D was 24.51%, while ATR was 0.91. Given the Stochastic reading of 27.21% for the 14-day period, the RSI (14) reading has been calculated as 42.69%. As of today, the MACD Oscillator reading stands at -0.88, while the 14-day reading stands at -0.70.

Analyst Ratings

Needham reiterated its a Buy rating on ChargePoint Holdings Inc. (NYSE: CHPT) in a note to investors. The analysts firm has however raised their price target to $18, representing a possible 50.12% increase in the stock price. ChargePoint Holdings Inc. (CHPT) has been rated Overweight by analysts. According to 1 brokerage firm, CHPT is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate ChargePoint Holdings Inc. stock as buy, with 16 recommending it as overweight.

With a median target price of $20.50, the current consensus forecast for the stock is $13.00 – $46.00. Based on these forecasts, analysts predict ChargePoint Holdings Inc. (CHPT) will achieve an average price target of $22.83.


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