ChargePoint Holdings Inc (NYSE: CHPT)’s stock price has soared by 2.99 in relation to previous closing price of 1.17. Nevertheless, the company has seen a gain of 6.64% in its stock price over the last five trading days. zacks.com reported 2024-11-27 that ChargePoint (CHPT) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is It Worth Investing in ChargePoint Holdings Inc (NYSE: CHPT) Right Now?
The 36-month beta value for CHPT is at 1.68. 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.”
The public float for CHPT is 392.91M, and currently, shorts hold a 33.00% of that float. The average trading volume for CHPT on November 29, 2024 was 12.18M shares.
CHPT’s Market Performance
The stock of ChargePoint Holdings Inc (CHPT) has seen a 6.64% increase in the past week, with a -3.60% drop in the past month, and a -35.90% fall in the past quarter. The volatility ratio for the week is 8.33%, and the volatility levels for the past 30 days are at 6.93% for CHPT. The simple moving average for the past 20 days is 2.05% for CHPT’s stock, with a -25.87% simple moving average for the past 200 days.
CHPT Trading at -5.27% 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 -61.50% of loss for the given period.
Volatility was left at 6.93%, however, over the last 30 days, the volatility rate increased by 8.33%, as shares surge +0.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.38% lower at present.
During the last 5 trading sessions, CHPT rose by +7.08%, which changed the moving average for the period of 200-days by -47.84% in comparison to the 20-day moving average, which settled at $1.1810. In addition, ChargePoint Holdings Inc saw -48.50% 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 Gerdes Henrik, who sale 26,288 shares at the price of $1.32 back on Oct 11 ’24. After this action, Gerdes Henrik now owns 390,596 shares of ChargePoint Holdings Inc, valued at $34,700 using the latest closing price.
Gerdes Henrik, the Officer of ChargePoint Holdings Inc, proposed sale 26,288 shares at $1.32 during a trade that took place back on Oct 11 ’24, which means that Gerdes Henrik is holding shares at $34,700 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
- 0.11 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 -412.87 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 1.31. 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.
