Chargepoint Holdings Inc. [CHPT] Is Currently 7.36 below its 200 Period Moving Avg: What Dose This Mean?

Chargepoint Holdings Inc. [NYSE: CHPT] gained 7.36% or 1.54 points to close at $22.46 with a heavy trading volume of 6785981 shares. The company report on March 31, 2021 that ChargePoint and NATSO Progress Toward 2030 Fast Charging Commitment Across the United States.

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150 DC fast charging spots funded thus far paves the way toward Collaborative’s $1 billion national charging goal.

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ChargePoint, Inc. (NYSE:CHPT) a leading electric vehicle (“EV”) charging network, and NATSO, representing travel plazas and truckstops, announced significant progress in the first year of the National Highway Charging Collaborative, an initiative that will leverage $1 billion in public and private capital to deploy charging at more than 4,000 travel plazas and fuel stops serving highway travelers and rural communities nationwide by 2030. In its first year, the public-private Collaborative successfully funded more than 150 DC fast charging spots with additional access to more than 1,500 publicly available DC fast charging spots for consumers on ChargePoint’s existing network.

It opened the trading session at $21.09, the shares rose to $22.91 and dropped to $20.80, the range by which the price of stock traded the whole day. The daily chart for CHPT points out that the company has recorded 44.62% gains over the past six months. However, it is still -133.71% lower than its most recent low trading price.

If we look at the average trading volume of 3.94M shares, CHPT reached to a volume of 6785981 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Chargepoint Holdings Inc. [CHPT]:

Citigroup have made an estimate for Chargepoint Holdings Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 25, 2021. While these analysts kept the previous recommendation, Cowen raised their target price to Outperform. The new note on the price target was released on March 09, 2021, representing the official price target for Chargepoint Holdings Inc. stock.

The Average True Range (ATR) for Chargepoint Holdings Inc. is set at 2.99, with the Price to Sales ratio for CHPT stock in the period of the last 12 months amounting to 42.03. The Price to Book ratio for the last quarter was 2.94, with the Price to Cash per share for the same quarter was set at 0.00.

Trading performance analysis for CHPT stock

Chargepoint Holdings Inc. [CHPT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.05. With this latest performance, CHPT shares dropped by -25.41% in over the last four-week period, additionally plugging by 44.62% over the last 6 months – not to mention a rise of 122.82% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CHPT stock in for the last two-week period is set at 36.95, with the RSI for the last a single of trading hit 39.91, and the three-weeks RSI is set at 37.28 for Chargepoint Holdings Inc. [CHPT]. The present Moving Average for the last 50 days of trading for this stock 32.44, while it was recorded at 20.95 for the last single week of trading, and 22.27 for the last 200 days.

Chargepoint Holdings Inc. [CHPT]: A deeper dive into fundamental analysis

Chargepoint Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.10 and a Current Ratio set at 0.10.

An analysis of insider ownership at Chargepoint Holdings Inc. [CHPT]

There are presently around $75 million, or 2.80% of CHPT stock, in the hands of institutional investors. The top three institutional holders of CHPT stocks are: SUSQUEHANNA INTERNATIONAL GROUP, LLP with ownership of 415,740, which is approximately New of the company’s market cap and around 1.40% of the total institutional ownership; OXFORD ASSET MANAGEMENT LLP, holding 375,043 shares of the stock with an approximate value of $8.42 million in CHPT stocks shares; and HIGHBRIDGE CAPITAL MANAGEMENT LLC, currently with $7.53 million in CHPT stock with ownership of nearly New of the company’s market capitalization.

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76 institutional holders increased their position in Chargepoint Holdings Inc. [NYSE:CHPT] by around 2,535,251 shares. Additionally, 46 investors decreased positions by around 10,745,905 shares, while 1 investors held positions by with 9,936,354 shares. The mentioned changes placed institutional holdings at 3,344,802 shares, according to the latest SEC report filing. CHPT stock had 65 new institutional investments in for a total of 1,939,927 shares, while 34 institutional investors sold positions of 9,163,781 shares during the same period.

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