The stock of ChargePoint Holdings Inc (NYSE: CHPT) has increased by 3.90 when compared to last closing price of 2.03. Despite this, the company has experienced a 7.61% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-07-25 that CAMPBELL, Calif.–(BUSINESS WIRE)–ChargePoint (NYSE: CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), now enables drivers access to charge at more than one million places across public, private and roaming ports in North America and Europe. Additionally, more than 10 billion electric miles have been enabled by the ChargePoint network to-date. As EV sales continue to grow, more drivers will need places to charge. Via the ChargePoint mobile app, ChargePoint.
Is It Worth Investing in ChargePoint Holdings Inc (NYSE: CHPT) Right Now?
The 36-month beta value for CHPT is at 1.66. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CHPT is 386.65M, and currently, shorts hold a 28.79% of that float. The average trading volume for CHPT on July 26, 2024 was 14.91M shares.
CHPT’s Market Performance
CHPT’s stock has seen a 7.61% increase for the week, with a 50.66% rise in the past month and a 67.40% gain in the past quarter. The volatility ratio for the week is 9.37%, and the volatility levels for the past 30 days are at 10.00% for ChargePoint Holdings Inc The simple moving average for the last 20 days is 11.24% for CHPT stock, with a simple moving average of 2.56% for the last 200 days.
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 18.95% 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 -75.70% of loss for the given period.
Volatility was left at 10.00%, however, over the last 30 days, the volatility rate increased by 9.37%, as shares surge +37.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.43% upper at present.
During the last 5 trading sessions, CHPT rose by +8.16%, which changed the moving average for the period of 200-days by -49.14% in comparison to the 20-day moving average, which settled at $1.92. In addition, ChargePoint Holdings Inc saw -9.86% 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 27,722 shares at the price of $1.40 back on Jun 21 ’24. After this action, Wilmer Richard now owns 2,331,740 shares of ChargePoint Holdings Inc, valued at $38,730 using the latest closing price.
Khetani Mansi, the Interim CFO of ChargePoint Holdings Inc, sale 19,007 shares at $1.40 during a trade that took place back on Jun 21 ’24, which means that Khetani Mansi is holding 402,493 shares at $26,555 based on the most recent closing price.
Stock Fundamentals for CHPT
Current profitability levels for the company are sitting at:
- -0.88 for the present operating margin
- 0.05 for the gross margin
The net margin for ChargePoint Holdings Inc stands at -0.93. The total capital return value is set at -0.59. Equity return is now at value -148.67, with -42.63 for asset returns.
Based on ChargePoint Holdings Inc (CHPT), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at -1.01. The debt to equity ratio resting at 1.02. The interest coverage ratio of the stock is -21.27.
Currently, EBITDA for the company is -421.47 million with net debt to EBITDA at -0.02. When we switch over and look at the enterprise to sales, we see a ratio of 1.85. The receivables turnover for the company is 4.11for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.13.
Conclusion
In conclusion, ChargePoint Holdings Inc (CHPT) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
