While ChargePoint Holdings Inc has underperformed by -2.63%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CHPT fell by -54.13%, with highs and lows ranging from $2.52 to $1.05, whereas the simple moving average fell by -28.34% in the last 200 days.
On November 19, 2024, Needham Downgraded ChargePoint Holdings Inc (NYSE: CHPT) to Hold. A report published by JP Morgan on October 03, 2024, Downgraded its rating to ‘Underweight’ for CHPT. Goldman April 09, 2024d its ‘Neutral’ rating to ‘Sell’ for CHPT, as published in its report on April 09, 2024. RBC Capital Mkts’s report from March 06, 2024 suggests a price prediction of $3 for CHPT shares, giving the stock a ‘Sector Perform’ rating. The Benchmark Company also rated the stock as ‘Buy’.
Analysis of ChargePoint Holdings Inc (CHPT)
Further, the quarter-over-quarter decrease in sales is -9.68%, showing a negative trend in the upcoming months.
ChargePoint Holdings Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -109.15% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.24, 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.
The average volume for any stock is also a very valuable indicator of volatility, and CHPT has an average volume of 14.38M. On a monthly basis, the volatility of the stock is set at 8.58%, whereas on a weekly basis, it is put at 7.01%, with a loss of -10.48% over the past seven days. Furthermore, long-term investors anticipate a median target price of $1.95, showing growth from the present price of $1.11, 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?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 9.98%. 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 39.75% 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 39.75% at present.
