ChargePoint Holdings Inc [CHPT] stock prices are up 3.52% to $1.47 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CHPT shares have gain 7.30% over the last week, with a monthly amount glided 12.21%, 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 October 03, 2024, when JP Morgan downgraded its rating to a Underweight. On September 05, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $2 on the stock. Goldman downgraded its rating to a Sell and decreased its price target to $1.50 on April 09, 2024. RBC Capital Mkts downgraded its rating to a Sector Perform and reduced its price target to $3 on March 06, 2024. The Benchmark Company started tracking with a Buy rating for this stock on February 21, 2024, and assigned it a price target of $4.25. In a note dated December 07, 2023, B. Riley Securities downgraded an Neutral rating on this stock and revised its target price from $5 to $2.50.
The stock price of ChargePoint Holdings Inc [CHPT] has been fluctuating between $1.21 and $4.62 over the past year. 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 $1.47 at the most recent close of the market. An investor can expect a potential return of 748.3% based on the average CHPT price forecast.
Analyzing the CHPT fundamentals
The ChargePoint Holdings Inc [NYSE:CHPT] reported sales of 441.70M for trailing twelve months, representing a drop of -27.88%. 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 1.4100 points at the first support level, and at 1.3500 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.5100, and for the 2nd resistance point, it is at 1.5500.
Ratios To Look Out For
It’s worth pointing out that ChargePoint Holdings Inc [NYSE:CHPT]’s Current Ratio is 2.03. As well, the Quick Ratio is 1.32, while the Cash Ratio is 0.76. Considering the valuation of this stock, the price to sales ratio is 1.44, the price to book ratio is 2.74.
Transactions by insiders
Recent insider trading involved Wilmer Richard, President and CEO, that happened on Sep 23 ’24 when 27252.0 shares were sold. CCXO, Singh Jagdeep CA completed a deal on Sep 23 ’24 to sell 13361.0 shares. Meanwhile, CFO Khetani Mansi sold 23409.0 shares on Sep 23 ’24.
