As of Thursday close, ChargePoint Holdings Inc.’s (NYSE:CHPT) stock was down -$0.09, moving down -1.23 percent to $7.20. The average number of shares traded per day over the past five days has been 6,370,040 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.61 fall in that time frame. In the last twenty days, the average volume was 7,778,730, while in the previous 50 days, it was 11,112,576.
Since last month, CHPT stock retreated -17.15%. Shares of the company fell to $7.18 on 08/17/23, the lowest level in the past month. A 52-week high of $19.92 was reached on 02/02/23 after having rallying from a 52-week low of $7.21. Since the beginning of this year, CHPT’s stock price has dropped by -24.45% or -$2.33, and marked a new high 8 times. However, the stock has declined by -63.86% since its 52-week high.
CHPT stock investors should be aware that ChargePoint Holdings Inc. (CHPT) stock had its last reported insider trading activity 1 day ago on Aug 17. Romano Pasquale, the President and CEO of the company, disposed of 10,000 shares for $7.27 on Aug 17. It resulted in a $72,687 divestment by the insider. Romano Pasquale sold 10,000 shares at an average price of $7.36 on Aug 16. The insider now owns 4,148,054 shares following the transaction. On Aug 15, President and CEO Romano Pasquale sold 10,000 shares at $7.63 apiece. The transaction was valued at $76,265.
Valuation Metrics
The stock’s beta is 1.62. Besides these, the trailing price-to-sales (P/S) ratio of 4.93, the price-to-book (PB) ratio of 7.66.
Financial Health
In the three months ended April 29, ChargePoint Holdings Inc.’s quick ratio stood at 2.00, while its current ratio was 2.40, 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 April 29 was 0.90, and the total debt-to-equity ratio was 0.90. On the profitability front, the trailing twelve-month gross margin is 20.20% percent. In the year ended April 29, EBITDA margin amounted to -66.65%, whereas operating margins totaled -64.30%. Based on annual data, CHPT earned $85.93 million in gross profit and brought in $468.09 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 -52.30%. Return on equity (ROE) for the past 12 months was -94.90%.
In ChargePoint Holdings Inc.’s quarter-end financial report for April 29, it reported total debt of $295.24 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CHPT’s revenue rose 37.22% to $152.83 million during the quarter, while net income inched up to $130.03 million. While analysts expected ChargePoint Holdings Inc. to report -$0.17 quarterly earnings, the actual figure was -$0.15 per share, beating the consensus estimate by 11.80%. During the quarter, the company generated -$72.19 million in EBITDA. The liabilities of ChargePoint Holdings Inc. were 732.34 million at the end of its most recent quarter ended April 29, and its total debt was $320.17 million. The value of shareholders’ equity is $353.31 million.
Technical Picture
This quick technical analysis looks at ChargePoint Holdings Inc.’s (CHPT) price momentum. With a historical volatility rate of 19.04%, the RSI 9-day stood at 20.73% on 17 August.
With respect to its five-day moving average, the current ChargePoint Holdings Inc. price is down by -7.81% percent or -$0.61. At present, CHPT shares trade -12.83% below its 20-day simple moving average and -26.75% percent below its 100-day simple moving average. However, the stock is currently trading approximately -23.97% below its SMA50 and -46.75% below its SMA200.
Stochastic coefficient K was 3.72% and Stochastic coefficient D was 9.75%, while ATR was 0.33. Given the Stochastic reading of 1.33% for the 14-day period, the RSI (14) reading has been calculated as 30.59%. As of today, the MACD Oscillator reading stands at -0.36, while the 14-day reading stands at -0.56.
Analyst Ratings
BofA Securities upgraded its rating on ChargePoint Holdings Inc. (NYSE: CHPT) to a Buy in a note to investors on May 30, 2023. The analysts firm previously had a Neutral rating on the stock.ChargePoint Holdings Inc. (CHPT) has been rated Overweight by analysts. According to 1 brokerage firm, CHPT is a sell, and 4 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 $15.00, the current consensus forecast for the stock is $10.00 – $27.00. Based on these forecasts, analysts predict ChargePoint Holdings Inc. (CHPT) will achieve an average price target of $15.28.
