At the time of writing, ChargePoint Holdings Inc [CHPT] stock is trading at $1.25, up 8.70%. 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 11.61% over the last week, with a monthly amount drifted -1.57%, and not 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 November 19, 2024, when Needham downgraded its rating to a Hold. Previously, JP Morgan downgraded its rating to Underweight on October 03, 2024. TD Cowen downgraded its rating to a Hold but stick to its price target of $2 on September 05, 2024. Goldman downgraded its rating to a Sell and reduced its price target to $1.50 on April 09, 2024. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on March 06, 2024, and downed its price target to $3. In a note dated February 21, 2024, The Benchmark Company initiated an Buy rating and provided a target price of $4.25 on this stock.
For the past year, the stock price of ChargePoint Holdings Inc fluctuated between $1.05 and $3.13. Currently, Wall Street analysts expect the stock to reach $12.4 within the next 12 months. ChargePoint Holdings Inc [NYSE: CHPT] shares were valued at $1.25 at the most recent close of the market. An investor can expect a potential return of 892.0% based on the average CHPT price forecast.
Analyzing the CHPT fundamentals
According to ChargePoint Holdings Inc [NYSE:CHPT], the company’s sales were 441.70M for trailing twelve months, which represents an -27.88% plunge. Gross Profit Margin for this corporation currently stands at 0.11% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.24.
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 1.1833 points at the first support level, and at 1.1165 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.2934, and for the 2nd resistance point, it is at 1.3367.
Ratios To Look Out For
It is important to note that ChargePoint Holdings Inc [NYSE:CHPT] has a current ratio of 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 1.24, the price to book ratio is 2.33.
Transactions by insiders
Recent insider trading involved Gerdes Henrik, Chief Accounting Officer, that happened on Oct 11 ’24 when 26288.0 shares were sold. Officer, Gerdes Henrik completed a deal on Oct 11 ’24 to buy 26288.0 shares. Meanwhile, President and CEO Wilmer Richard sold 27252.0 shares on Sep 23 ’24.
