While ChargePoint Holdings Inc has underperformed by -3.52%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CHPT fell by -76.35%, with highs and lows ranging from $8.26 to $1.21, whereas the simple moving average fell by -4.57% in the last 200 days.
On April 09, 2024, Goldman Downgraded ChargePoint Holdings Inc (NYSE: CHPT) to Sell. A report published by RBC Capital Mkts on March 06, 2024, Downgraded its rating to ‘Sector Perform’ for CHPT. The Benchmark Company also rated CHPT shares as ‘Buy’, setting a target price of $4.25 on the company’s shares in an initiating report dated February 21, 2024. B. Riley Securities December 07, 2023d the rating to Neutral on December 07, 2023, and set its price target from $5 to $2.50. HSBC Securities initiated its ‘Hold’ rating for CHPT, as published in its report on December 04, 2023. UBS’s report from November 28, 2023 suggests a price prediction of $2.25 for CHPT shares, giving the stock a ‘Neutral’ rating. Stifel also rated the stock as ‘Hold’.
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Analysis of ChargePoint Holdings Inc (CHPT)
Further, the quarter-over-quarter decrease in sales is -17.68%, showing a negative trend in the upcoming months.
One of the most important indicators of ChargePoint Holdings Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -148.67% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.45, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and CHPT is recording 15.18M average volume. On a monthly basis, the volatility of the stock is set at 9.80%, whereas on a weekly basis, it is put at 9.51%, with a loss of -12.33% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.75, showing growth from the present price of $1.92, which can serve as yet another indication of whether CHPT is worth investing in or should be passed over.
How Do You Analyze ChargePoint Holdings Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 9.09%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 38.40% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CHPT shares are owned by institutional investors to the tune of 38.40% at present.
