At the time of writing, ChargePoint Holdings Inc [CHPT] stock is trading at $1.42, up 6.77%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CHPT shares have gain 10.08% over the last week, with a monthly amount drifted -18.39%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
ChargePoint Holdings Inc [NYSE: CHPT] stock has seen the most recent analyst activity on April 09, 2024, when Goldman downgraded its rating to a Sell and also revised its price target to $1.50 from $2. Previously, RBC Capital Mkts downgraded its rating to Sector Perform on March 06, 2024, and dropped its price target to $3. On February 21, 2024, The Benchmark Company initiated with a Buy rating and assigned a price target of $4.25 on the stock. B. Riley Securities downgraded its rating to a Neutral and decreased its price target to $2.50 on December 07, 2023. HSBC Securities initiated its recommendation with a Hold and recommended $2 as its price target on December 04, 2023. UBS downgraded its rating to Neutral for this stock on November 28, 2023, and downed its price target to $2.25. In a note dated November 20, 2023, Stifel downgraded an Hold rating on this stock.
For the past year, the stock price of ChargePoint Holdings Inc fluctuated between $1.21 and $10.10. Currently, Wall Street analysts expect the stock to reach $17.48 within the next 12 months. ChargePoint Holdings Inc [NYSE: CHPT] shares were valued at $1.42 at the most recent close of the market. An investor can expect a potential return of 1130.99% based on the average CHPT price forecast.
Analyzing the CHPT fundamentals
According to ChargePoint Holdings Inc [NYSE:CHPT], the company’s sales were 506.64M for trailing twelve months, which represents an -24.21% plunge. Gross Profit Margin for this corporation currently stands at 0.06% with Operating Profit Margin at -0.86%, Pretax Profit Margin comes in at -0.9%, and Net Profit Margin reading is -0.9%. To continue investigating profitability, this company’s Return on Assets is posted at -0.41, Equity is -1.38 and Total Capital is -0.56. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.87.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.3300 points at the first support level, and at 1.2400 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.5200, and for the 2nd resistance point, it is at 1.6200.
Ratios To Look Out For
It is important to note that ChargePoint Holdings Inc [NYSE:CHPT] has a current ratio of 2.25. Also, the Quick Ratio is 1.65, while the Cash Ratio stands at 1.08. Considering the valuation of this stock, the price to sales ratio is 1.19, the price to book ratio is 1.82.
Transactions by insiders
Recent insider trading involved Wilmer Richard, President and CEO, that happened on Mar 21 ’24 when 25376.0 shares were sold. Interim CFO, Khetani Mansi completed a deal on Mar 21 ’24 to sell 19035.0 shares. Meanwhile, CCXO Singh Jagdeep CA sold 9485.0 shares on Mar 21 ’24.
