The stock of ChargePoint Holdings Inc (NYSE: CHPT) has increased by 1.15 when compared to last closing price of 1.31.Despite this, the company has seen a loss of -6.69% in its stock price over the last five trading days. businesswire.com reported 2024-10-10 that CAMPBELL, Calif.–(BUSINESS WIRE)–ChargePoint (NYSE: CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), today announced that drivers who purchase a ChargePoint Home Flex residential charger in the United States will be able to include a simple, affordable, and straightforward home installation with their purchase. The new service provides a frictionless “one stop shop” for an EV driver to purchase and install a home charger. Through the program, which is ava.
Is It Worth Investing in ChargePoint Holdings Inc (NYSE: CHPT) Right Now?
The 36-month beta value for CHPT is at 1.69. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 14 as “hold,” and 1 as “sell.”
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The public float for CHPT is 393.01M, and currently, shorts hold a 27.86% of that float. The average trading volume for CHPT on October 11, 2024 was 12.86M shares.
CHPT’s Market Performance
CHPT’s stock has seen a -6.69% decrease for the week, with a 0.38% rise in the past month and a -39.22% fall in the past quarter. The volatility ratio for the week is 5.58%, and the volatility levels for the past 30 days are at 6.03% for ChargePoint Holdings Inc The simple moving average for the past 20 days is -4.00% for CHPT’s stock, with a -24.92% simple moving average for the past 200 days.
Analysts’ Opinion of CHPT
TD Cowen gave a rating of “Hold” to CHPT, setting the target price at $2 in the report published on September 05th of the current year.
CHPT Trading at -15.23% 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 -71.31% of loss for the given period.
Volatility was left at 6.03%, however, over the last 30 days, the volatility rate increased by 5.58%, as shares sank -4.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -34.42% lower at present.
During the last 5 trading sessions, CHPT fell by -8.10%, which changed the moving average for the period of 200-days by -47.59% in comparison to the 20-day moving average, which settled at $1.3793. In addition, ChargePoint Holdings Inc saw -43.38% 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 27,252 shares at the price of $1.35 back on Sep 23 ’24. After this action, Wilmer Richard now owns 2,304,489 shares of ChargePoint Holdings Inc, valued at $36,790 using the latest closing price.
Singh Jagdeep CA, the CCXO of ChargePoint Holdings Inc, sale 13,361 shares at $1.35 during a trade that took place back on Sep 23 ’24, which means that Singh Jagdeep CA is holding 873,004 shares at $18,037 based on the most recent closing price.
Stock Fundamentals for CHPT
Current profitability levels for the company are sitting at:
- -0.82 for the present operating margin
- 0.1 for the gross margin
The net margin for ChargePoint Holdings Inc stands at -0.89. The total capital return value is set at -0.53. Equity return is now at value -155.55, with -37.99 for asset returns.
Based on ChargePoint Holdings Inc (CHPT), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at -0.88. The debt to equity ratio resting at 1.24. The interest coverage ratio of the stock is -15.43.
Currently, EBITDA for the company is -421.47 million with net debt to EBITDA at -0.18. When we switch over and look at the enterprise to sales, we see a ratio of 1.42. The receivables turnover for the company is 3.96for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.03.
Conclusion
In conclusion, ChargePoint Holdings Inc (CHPT) has had a bad performance lately. Opinion on the stock among analysts is bullish, 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.
