How Have Insiders Been Trading ChargePoint Holdings Inc. (CHPT) Stock?

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ChargePoint Holdings Inc. (NYSE:CHPT) saw an upside of 7.03% to close Monday at $11.87 after adding $0.78 on the day. The 5-day average trading volume is 10,746,380 shares of the company’s common stock. It has gained $12.78 in the past week and touched a new high 2 times within the past 5 days. An average of 10,832,970 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,045,714.

CHPT’s 1-month performance is 24.68% or $3.32 on its low of $8.07 reached on 12/27/22. The company’s shares have touched a 52-week low of $8.07 and high of $20.99, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, CHPT has achieved 24.55% or $2.34 and has reached a new high 7 times. However, the current price is down -43.45% from the 52-week high price.

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Insider Transactions

CHPT stock investors last saw insider trading activity on Jan 10.Linse Michael (Director) most recently sold 1,989,958 shares at $10.00 per share on Jan 10. This transaction cost the insider $19,899,580. Director, Linse Michael, sold 508,101 shares at a price of $10.08 on Jan 09. Then, on Jan 05, Chief Product Officer Loewenthal William J sold 3,115 shares at a price of $8.94 per share. This transaction amounted to $27,860.

Valuation Metrics

CHPT stock has a beta of 1.66. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.88 while the price-to-book (PB) in the most recent quarter is 11.87.

ChargePoint Holdings Inc.’s quick ratio for the period ended October 30 was 2.40, with the current ratio over the same period at 2.70. In terms of profitability, the gross margin trailing 12 months is 17.80%. The firm’s gross profit as reported stood at $53.53 million against revenue of $241.01 million.

Earnings Surprise

For the quarterly period ending October 30 this year, ChargePoint Holdings Inc.’s cash and short-term investments amounted to $208.89 million against total debt of $316.94 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 17.8% to -$84.48 million, while revenue of -$92.7 million was -9.73% off the previous quarter. Analysts expected CHPT to announce -$0.19 per share in earnings in its latest quarter, but it posted -$0.16, representing a 15.80% surprise. EBITDA for the quarter stood at more than -$76.58 million. CHPT stock balance sheet for the quarter ending October 30 shows that total liabilities totaled 661.99 million, with total debt at $316.94 million. Shareholders hold equity totaling $341.68 million.

Let’s look briefly at ChargePoint Holdings Inc. (CHPT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 64.12% to suggest the stock is trending Neutral, with historical volatility in this time period at 83.10%.

The stock’s 5-day moving average is $11.52, reflecting a -0.08% or -$0.01 change from its current price. CHPT is currently trading +24.03% above its 20-day SMA, -21.08% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.63% and SMA200 by-39.10%.

Stochastic %K and %D was 62.68% and 67.71% and the average true range (ATR) pointed at 0.81. The RSI (14) points at 59.95%, while the 14-day stochastic is at 77.64% with the period’s ATR at 0.79. The stock’s 9-day MACD Oscillator is pointing at -0.11 and 0.65 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for ChargePoint Holdings Inc. (NYSE: CHPT), Needham reiterated its a Buy rating for the company but lifted their price target by $24 to $18. Analysts offering their rating for CHPT stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate CHPT as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 16 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $13.00 and a high of $46.00, with their median price target at $18.00. Looking at these predictions, the average price target given by analysts is for ChargePoint Holdings Inc. (CHPT) stock is $20.82.

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