While ChargePoint Holdings Inc has underperformed by -4.20%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CHPT fell by -73.55%, with highs and lows ranging from $5.49 to $1.21, whereas the simple moving average fell by -25.87% in the last 200 days.
On September 05, 2024, Wolfe Research started tracking ChargePoint Holdings Inc (NYSE: CHPT) recommending Peer Perform. A report published by TD Cowen on September 05, 2024, Downgraded its rating to ‘Hold’ for CHPT. Goldman also Downgraded CHPT shares as ‘Sell’, setting a target price of $1.50 on the company’s shares in a report dated April 09, 2024. RBC Capital Mkts March 06, 2024d the rating to Sector Perform on March 06, 2024, and set its price target from $3.50 to $3. The Benchmark Company initiated its ‘Buy’ rating for CHPT, as published in its report on February 21, 2024. B. Riley Securities’s report from December 07, 2023 suggests a price prediction of $2.50 for CHPT shares, giving the stock a ‘Neutral’ rating. HSBC Securities 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 -27.88%, showing a negative trend in the upcoming months.
To gain a thorough understanding of ChargePoint Holdings Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -155.55% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.32, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and CHPT is recording an average volume of 14.33M. Furthermore, long-term investors anticipate a median target price of $2.36, showing growth from the present price of $1.37, 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?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 46.51% 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 46.51% at present.
