A share price of ChargePoint Holdings Inc [CHPT] is currently trading at $1.37, saw in change for the day. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CHPT shares have gain 7.03% over the last week, with a monthly amount drifted -23.46%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, TD Cowen downgraded its rating to Hold on September 05, 2024, and kept the price target unchanged to $2. On April 09, 2024, downgrade downgraded it’s rating to Sell and revised its price target to $1.50 on the stock. RBC Capital Mkts downgraded its rating to a Sector Perform and decreased its price target to $3 on March 06, 2024. The Benchmark Company initiated its recommendation with a Buy and recommended $4.25 as its price target on February 21, 2024. B. Riley Securities downgraded its rating to Neutral for this stock on December 07, 2023, and downed its price target to $2.50. In a note dated December 04, 2023, HSBC Securities initiated an Hold rating and provided a target price of $2 on this stock.
ChargePoint Holdings Inc experienced fluctuations in its stock price throughout the past year between $1.21 and $6.11. Currently, Wall Street analysts expect the stock to reach $12.47 within the next 12 months. ChargePoint Holdings Inc [NYSE: CHPT] shares were valued at $1.37 at the most recent close of the market. An investor can expect a potential return of 810.22% based on the average CHPT price forecast.
Analyzing the CHPT fundamentals
Trailing Twelve Months sales for ChargePoint Holdings Inc [NYSE:CHPT] were 441.70M which represents -27.88% decline. Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at -0.82%, Pretax Profit Margin comes in at -0.89%, and Net Profit Margin reading is -0.89%. To continue investigating profitability, this company’s Return on Assets is posted at -0.39, Equity is -1.28 and Total Capital is -0.53. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.24.
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 1.3167 points at the first support level, and at 1.2633 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.4067, and for the 2nd resistance point, it is at 1.4433.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ChargePoint Holdings Inc [NYSE:CHPT] is 2.03. In addition, the Quick Ratio stands at 1.32 and the Cash Ratio stands at 0.76. Considering the valuation of this stock, the price to sales ratio is 1.34, the price to book ratio is 2.56.
Transactions by insiders
Recent insider trading involved Wilmer Richard, President and CEO, that happened on Jun 21 ’24 when 27722.0 shares were sold. Chief Accounting Officer, Gerdes Henrik completed a deal on Jun 20 ’24 to sell 43596.0 shares. Meanwhile, Chief Accounting Officer Gerdes Henrik sold 10629.0 shares on Jun 21 ’24.
