ChargePoint Holdings Inc. (NYSE:CHPT) went up by 2.85% from its latest closing price compared to the recent 1-year high of $36.86. The company’s stock price has collected 19.45% of gains in the last five trading sessions. Barron’s reported on 06/01/22 that What ChargePoint Earnings Say About the State of EV Charging in America
Is It Worth Investing in ChargePoint Holdings Inc. (NYSE :CHPT) Right Now?
Opinions of the stock are interesting as 12 analysts out of 19 who provided ratings for ChargePoint Holdings Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 7 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $23.03, which is $9.54 above the current price. Today, the average trading volume of CHPT was 9.71M shares.
CHPT’s Market Performance
CHPT stocks went up by 19.45% for the week, with a monthly jump of 31.30% and a quarterly performance of -20.41%, while its annual performance rate touched -55.75%. The volatility ratio for the week stands at 8.66% while the volatility levels for the past 30 days are set at 9.24% for ChargePoint Holdings Inc. The simple moving average for the period of the last 20 days is 9.80% for CHPT stocks with a simple moving average of -18.38% for the last 200 days.
Analysts’ Opinion of CHPT
Many brokerage firms have already submitted their reports for CHPT stocks, with B. Riley Securities repeating the rating for CHPT by listing it as a “Buy.” The predicted price for CHPT in the upcoming period, according to B. Riley Securities is $20 based on the research report published on June 17th of the current year 2022.
Tudor Pickering Holt & Co., on the other hand, stated in their research note that they expect to see CHPT reach a price target of $22. The rating they have provided for CHPT stocks is “Buy” according to the report published on April 21st, 2022.
Needham gave a rating of “Buy” to CHPT, setting the target price at $24 in the report published on February 22nd of the current year.
CHPT Trading at 8.57% from the 50-Day Moving Average
After a stumble in the market that brought CHPT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -60.85% of loss for the given period.
Volatility was left at 9.24%, however, over the last 30 days, the volatility rate increased by 8.66%, as shares surge +30.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.93% lower at present.
During the last 5 trading sessions, CHPT rose by +19.45%, which changed the moving average for the period of 200-days by -37.18% in comparison to the 20-day moving average, which settled at $13.31. In addition, ChargePoint Holdings Inc. saw -24.25% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at CHPT starting from Loewenthal William J, who sale 4,026 shares at the price of $12.92 back on Jun 17. After this action, Loewenthal William J now owns 443,512 shares of ChargePoint Holdings Inc., valued at $52,016 using the latest closing price.
Romano Pasquale, the President and CEO of ChargePoint Holdings Inc., sale 250,000 shares at $13.03 during a trade that took place back on Jun 15, which means that Romano Pasquale is holding 4,145,304 shares at $3,257,800 based on the most recent closing price.
Stock Fundamentals for CHPT
Current profitability levels for the company are sitting at:
- -110.14 for the present operating margin
- +20.30 for the gross margin
The net margin for ChargePoint Holdings Inc. stands at -54.87. Equity return is now at value -57.00, with -33.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.45.