ChargePoint Holdings Inc. (NYSE:CHPT) finished Thursday with a subtraction of -$0.28 to close at $6.79, a downside of -3.96 percent. An average of 6,318,880 shares of common stock have been traded in the last five days. There was a fall of -$0.41 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 7,045,700 shares traded, while the 50-day average volume stands at 9,708,696.
CHPT stock has decreased by -17.40% in the last month. The company shares reached their 1-month lowest point of $6.79 on 08/24/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $6.90 and a high of $19.92 in 52 weeks. It has reached a new high 8 times so far this year and lost -28.75% or -$2.74 in price. In spite of this, the price is down -65.91% from the 52-week high.
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Insider Transactions
CHPT stock investors should be aware that ChargePoint Holdings Inc. (CHPT) stock had its last reported insider trading activity 7 days ago on Aug 18. In this transaction, the insider spent $71,489. President and CEO, Romano Pasquale, disposed of 10,000 shares at a price of $7.27 on Aug 17. The insider now owns more than $72,687 worth of shares. Prior to that, President and CEO Romano Pasquale went on to Sale 10,000 shares at $7.36 each on Aug 16. An amount of $73,578 was transacted.
Valuation Metrics
ChargePoint Holdings Inc. (CHPT) stock’s beta is 1.63. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.74, the price-to-book (PB) ratio at 7.22.
Financial Health
The quick ratio of ChargePoint Holdings Inc. for the three months ended April 29 was 2.00, and the current ratio was 2.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.90 and a total debt to equity ratio of 0.90 for the quarter ending April 29. Its gross profit as reported stood at $85.93 million compared to revenue of $468.09 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%.
Earnings Surprise
For the three-month period that ended April 29, ChargePoint Holdings Inc. had $295.24 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$79.39 million in the quarter, while revenues of -$78.66 million were shrunk -12.44%. The analyst consensus anticipated ChargePoint Holdings Inc.’s latest quarter earnings to come in at -$0.17 per share, but it turned out to be -$0.15, a 11.80% surprise. For the quarter, EBITDA amounted to -$72.19 million. Shareholders own equity worth $353.31 million.
Technical Picture
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 24 August was 18.89%, suggesting the stock is oversold, with historical volatility in this time frame at 24.41%.
As of today, CHPT’s price is $6.98 -5.69% or -$0.41 from its 5-day moving average. CHPT is currently trading -14.38% lower than its 20-day SMA and -35.15% lower than its 100-day SMA. However, the stock’s current price level is -29.42% below the SMA50 and -45.94% below the SMA200.
The stochastic %K and %D were 8.20% and 7.60%, respectively, and the average true range (ATR) was 0.32. With the 14-day stochastic at 0.00% and the average true range at 0.35, the RSI (14) stands at 27.00%. The stock has reached -0.24 on the 9-day MACD Oscillator while the 14-day reading was at -0.50.
Analyst Ratings
BofA Securities upgraded ChargePoint Holdings Inc. (NYSE: CHPT) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral.
