The stock of ChargePoint Holdings Inc. (NYSE:CHPT) decreased by $0.0 on Monday to finish at $7.81, down 0.00 percent. The last five days have seen an average of 6,650,160 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$1.72. The average number of shares traded over the last 20 days was 8,459,095, while the average volume over the last 50 days totaled 11,541,494.
CHPT stock dropped -5.45% since last month. On 08/14/23, the company’s shares reached a one-month low of $7.55. The stock touched a high of $19.92 on 02/02/23, after rallying from a low of $7.22 in 52 weeks. The price of CHPT stock has declined by -18.05% or -$1.72 this year, reaching a new high 8 times. Still, the stock price is down -60.79% from the 52-week high.
Insider Transactions
CHPT stock investors should be aware that ChargePoint Holdings Inc. (CHPT) stock had its last reported insider trading activity 1 day ago on Aug 14. On Aug 14, President and CEO Romano Pasquale sold 10,000 shares at $7.76 each. This transaction resulted in the insider making $77,650. On Aug 11, Romano Pasquale sold 10,000 shares at a price of US$7.78. After the transaction, the insider now owns 4,148,054 shares. President and CEO Romano Pasquale had earlier sold 10,000 shares on Aug 10 for $7.90 a share. The transaction was completed for $79,027.
Valuation Metrics
Beta for the stock is 1.60. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.34, the price-to-book (PB) ratio of 8.31.
Financial Health
For the three months ended April 29, ChargePoint Holdings Inc.’s quick ratio was 2.00, while its current ratio was 2.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending April 29 is 0.90, and the total debt to equity ratio is 0.90. As far as profitability goes, gross margin for the trailing twelve months is 20.20% percent. ChargePoint Holdings Inc.’s EBITDA margin for the year ended April 29 was -66.65%, whereas its operating margin stood at -64.30% for the same period. Based on annual data, it had gross profit of $85.93 million and revenue of $468.09 million.
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 -32.00%. There was a -52.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -94.90%.
Earnings Surprise
According to ChargePoint Holdings Inc.’s quarterly financial report for the quarter that ended April 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $130.03 million, while revenues rose by 37.22% to $152.83 million. It was predicted that ChargePoint Holdings Inc.’s quarterly earnings would be -$0.15, but it ended up being -$0.17, beating the consensus by 11.80%. EBITDA was -$72.19 million for the quarter. At the end of ChargePoint Holdings Inc.’s most recent quarter ended April 29, its liabilities totaled 732.34 million, while its total debt was $320.17 million. Equity owned by shareholders amounts to $353.31 million.
Technical Picture
Here’s a quick look at ChargePoint Holdings Inc.’s (CHPT) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 35.11%, suggesting the stock is Neutral, with a 15.95% historical volatility rate.
The stochastic %K and %D were 16.24% and 18.23% respectively, while the average true range (ATR) was 0.35. Based on the 14-day stochastic reading of 23.01%, the RSI (14) reading is 40.18%. On the 9-day MACD Oscillator, the stock is at -0.15, and the 14-day reading is at -0.27.
Analyst Ratings
In its most recent analyst report, BofA Securities raised its rating on ChargePoint Holdings Inc. (NYSE: CHPT) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned ChargePoint Holdings Inc. (CHPT) an Overweight rating. CHPT is a stock that is recommended for selling by 1 brokerage firm, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 15 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 $10.00 and $27.00, with a median target price of $15.00. In analyzing these forecasts, the average price target given by analysts for ChargePoint Holdings Inc. (CHPT) is $15.36.
