While ChargePoint Holdings Inc has overperformed by 2.29%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CHPT fell by -64.55%, with highs and lows ranging from $4.62 to $1.21, whereas the simple moving average fell by -24.08% in the last 200 days.
On October 03, 2024, JP Morgan Downgraded ChargePoint Holdings Inc (NYSE: CHPT) to Underweight. TD Cowen also Downgraded CHPT shares as ‘Hold’, setting a target price of $2 on the company’s shares in a report dated September 05, 2024. Goldman April 09, 2024d the rating to Sell on April 09, 2024, and set its price target from $2 to $1.50. RBC Capital Mkts March 06, 2024d its ‘Outperform’ rating to ‘Sector Perform’ for CHPT, as published in its report on March 06, 2024. The Benchmark Company’s report from February 21, 2024 suggests a price prediction of $4.25 for CHPT shares, giving the stock a ‘Buy’ rating. B. Riley Securities also rated the stock as ‘Neutral’.
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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.
ChargePoint Holdings Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. 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.
For any stock, average volume can be an extremely valuable indicator of volatility, and CHPT is registering an average volume of 12.86M. On a monthly basis, the volatility of the stock is set at 6.03%, whereas on a weekly basis, it is put at 5.34%, with a loss of -5.63% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.39, showing growth from the present price of $1.34, 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?
Besides checking the fundamentals, you should also know how many employees own shares in 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 8.94%. 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 46.36% 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 46.36% at present.
