In the past week, CHPT stock has gone down by -15.53%, with a monthly decline of -25.68% and a quarterly plunge of -21.84%. The volatility ratio for the week is 6.11%, and the volatility levels for the last 30 days are 6.35% for ChargePoint Holdings Inc The simple moving average for the last 20 days is -20.79% for CHPT stock, with a simple moving average of -64.56% for the last 200 days.
Is It Worth Investing in ChargePoint Holdings Inc (NYSE: CHPT) Right Now?
Moreover, the 36-month beta value for CHPT is 1.68. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CHPT is 369.79M and currently, short sellers hold a 31.28% of that float. On April 22, 2024, CHPT’s average trading volume was 14.02M shares.
CHPT) stock’s latest price update
ChargePoint Holdings Inc (NYSE: CHPT) has seen a decline in its stock price by -1.45 in relation to its previous close of 1.38. However, the company has experienced a -15.53% decline in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-19 that Tesla is laying off 10% of its staff and that doesn’t bode well for EV demand. Higher rates that have hurt auto demand and renewable stocks continue to push higher.
Analysts’ Opinion of CHPT
Many brokerage firms have already submitted their reports for CHPT stocks, with Goldman repeating the rating for CHPT by listing it as a “Sell.” The predicted price for CHPT in the upcoming period, according to Goldman is $1.50 based on the research report published on April 09, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see CHPT reach a price target of $3, previously predicting the price at $3.50. The rating they have provided for CHPT stocks is “Sector Perform” according to the report published on March 06th, 2024.
The Benchmark Company gave a rating of “Buy” to CHPT, setting the target price at $4.25 in the report published on February 21st of the current year.
CHPT Trading at -27.30% 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 -86.53% of loss for the given period.
Volatility was left at 6.35%, however, over the last 30 days, the volatility rate increased by 6.11%, as shares sank -28.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.26% lower at present.
During the last 5 trading sessions, CHPT fell by -15.53%, which changed the moving average for the period of 200-days by -84.63% in comparison to the 20-day moving average, which settled at $1.6905. In addition, ChargePoint Holdings Inc saw -41.88% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CHPT starting from Wilmer Richard, who sale 25,376 shares at the price of $1.87 back on Mar 21 ’24. After this action, Wilmer Richard now owns 2,359,462 shares of ChargePoint Holdings Inc, valued at $47,453 using the latest closing price.
Khetani Mansi, the Interim CFO of ChargePoint Holdings Inc, sale 19,035 shares at $1.87 during a trade that took place back on Mar 21 ’24, which means that Khetani Mansi is holding 421,500 shares at $35,595 based on the most recent closing price.
Stock Fundamentals for CHPT
Current profitability levels for the company are sitting at:
- -0.86 for the present operating margin
- 0.06 for the gross margin
The net margin for ChargePoint Holdings Inc stands at -0.9. The total capital return value is set at -0.56. Equity return is now at value -134.06, with -41.36 for asset returns.
Based on ChargePoint Holdings Inc (CHPT), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at -1.15. The debt to equity ratio resting at 0.87. The interest coverage ratio of the stock is -26.87.
Currently, EBITDA for the company is -421.47 million with net debt to EBITDA at 0.14. When we switch over and look at the enterprise to sales, we see a ratio of 1.02. The receivables turnover for the company is 4.08for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.25.
Conclusion
To wrap up, the performance of ChargePoint Holdings Inc (CHPT) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
