A share price of ChargePoint Holdings Inc [CHPT] is currently trading at $2.20, up 13.40%. An important factor to consider is whether the stock is rising or falling in short-term value. The CHPT shares have gain 20.22% over the last week, with a monthly amount glided 22.91%, and seem to be holding up well over a long-time horizon.
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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.
ChargePoint Holdings Inc experienced fluctuations in its stock price throughout the past year between $1.21 and $9.23. Currently, Wall Street analysts expect the stock to reach $15.64 within the next 12 months. ChargePoint Holdings Inc [NYSE: CHPT] shares were valued at $2.20 at the most recent close of the market. An investor can expect a potential return of 610.91% based on the average CHPT price forecast.
Analyzing the CHPT fundamentals
Trailing Twelve Months sales for ChargePoint Holdings Inc [NYSE:CHPT] were 483.65M which represents -17.68% decline. Gross Profit Margin for this corporation currently stands at 0.05% with Operating Profit Margin at -0.88%, Pretax Profit Margin comes in at -0.93%, and Net Profit Margin reading is -0.93%. To continue investigating profitability, this company’s Return on Assets is posted at -0.43, Equity is -1.41 and Total Capital is -0.59. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.02.
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 2.03 points at the first support level, and at 1.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.30, and for the 2nd resistance point, it is at 2.39.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ChargePoint Holdings Inc [NYSE:CHPT] is 2.13. On the other hand, the Quick Ratio is 1.45, and the Cash Ratio is 0.89. Considering the valuation of this stock, the price to sales ratio is 1.93, the price to book ratio is 3.37.
Transactions by insiders
Recent insider trading involved Wilmer Richard, President and CEO, that happened on Jun 21 ’24 when 27722.0 shares were sold. Interim CFO, Khetani Mansi completed a deal on Jun 21 ’24 to sell 19007.0 shares. Meanwhile, Chief Accounting Officer Gerdes Henrik sold 10629.0 shares on Jun 21 ’24.
