ChargePoint Holdings Inc (NYSE:CHPT) finished Thursday with a subtraction of -$0.04 to close at $4.98, a downside of -0.80 percent. An average of 14,163,720 shares of common stock have been traded in the last five days. There was a fall of -$0.11 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 14,586,635 shares traded, while the 50-day average volume stands at 10,282,604.
CHPT stock has decreased by -31.22% in the last month. The company shares reached their 1-month lowest point of $4.73 on 09/26/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $4.73 and a high of $16.60 in 52 weeks. It has reached a new high 8 times so far this year and lost -47.74% or -$4.55 in price. In spite of this, the price is down -70.00% 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 8 days ago on Sep 21. In this transaction, the insider spent $84,533., Hughes Michael D, disposed of 13,729 shares at a price of $5.03 on Sep 21. The insider now owns more than $69,079 worth of shares. Prior to that, Wilmer Richard went on to Sale 8,191 shares at $5.03 each on Sep 21. An amount of $41,218 was transacted.
Valuation Metrics
ChargePoint Holdings Inc (CHPT) stock’s beta is 1.71. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.15, the price-to-book (PB) ratio at 6.51.
Financial Health
The quick ratio of ChargePoint Holdings Inc for the three months ended July 30 was 1.61, and the current ratio was 2.03, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.14 and a total debt to equity ratio of 1.14 for the quarter ending July 30. ChargePoint Holdings Inc’s EBITDA margin for the year ending July 30 is -66.65%, while its operating margin for the same period stands at -64.68%. Its gross profit as reported stood at $85.93 million compared to revenue of $468.09 million.
Earnings Surprise
For the three-month period that ended July 30, ChargePoint Holdings Inc had $295.54 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$125.26 million in the quarter, while revenues of -$79.39 million were grew 25.99%. The analyst consensus anticipated ChargePoint Holdings Inc’s latest quarter earnings to come in at -$0.16 per share, but it turned out to be -$0.24, a -50.00% surprise. For the quarter, EBITDA amounted to -$115.66 million. Shareholders own equity worth $360.05 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 28 September was 26.73%, suggesting the stock is oversold, with historical volatility in this time frame at 32.07%.
As of today, CHPT’s price is $4.96 -2.16% or -$0.11 from its 5-day moving average. CHPT is currently trading -31.97% lower than its 20-day SMA and -43.22% lower than its 100-day SMA. However, the stock’s current price level is -42.69% below the SMA50 and -53.24% below the SMA200.
The stochastic %K and %D were 14.55% and 9.03%, respectively, and the average true range (ATR) was 0.36. With the 14-day stochastic at 18.09% and the average true range at 0.37, the RSI (14) stands at 27.22%. The stock has reached -0.14 on the 9-day MACD Oscillator while the 14-day reading was at -0.39.
Analyst Ratings
UBS launched coverage on ChargePoint Holdings Inc (NYSE: CHPT) in its analyst report released on September 27, 2023. The firm assigned the stock a Buy rating. The consensus rating for ChargePoint Holdings Inc (CHPT) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell CHPT, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 17 others rate it as a “buy”.
What is CHPT’s price target for the next 12 months?
Analysts predict a range of price targets between $7.00 and $17.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for ChargePoint Holdings Inc (CHPT) stock is $10.74.
