ChargePoint Holdings Inc. [CHPT] Is Currently 8.87 below its 200 Period Moving Avg: What Dose This Mean?

ChargePoint Holdings Inc. [NYSE: CHPT] gained 8.87% or 2.04 points to close at $25.05 with a heavy trading volume of 5678304 shares. The company report on May 14, 2021 that ChargePoint to Announce First Quarter Financial Results on June 3, 2021.

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ChargePoint Holdings, Inc. (NYSE:CHPT), a leading electric vehicle (“EV”) charging network, announced it will release financial results for the first quarter ended April 30, 2021, after market close on Thursday, June 3, 2021. ChargePoint management will host a conference call to review its financial results at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) on the same day.

A live webcast of the conference call will be accessible from the “Events and Presentations” section of ChargePoint’s investor relations website (investors.chargepoint.com) on June 3, 2021. A replay will be available three hours after the conclusion of the webcast and archived for one year. A copy of the press release with the financial results will also be available on ChargePoint’s investor relations website prior to the commencement of the webcast.

It opened the trading session at $23.11, the shares rose to $25.47 and dropped to $23.02, the range by which the price of stock traded the whole day. The daily chart for CHPT points out that the company has recorded -26.50% loss over the past six months. However, it is still -156.92% lower than its most recent low trading price.

If we look at the average trading volume of 6.62M shares, CHPT reached to a volume of 5678304 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]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CHPT shares is $38.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CHPT stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

R. F. Lafferty have made an estimate for ChargePoint Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 16, 2021. While these analysts kept the previous recommendation, Citigroup raised their target price to Neutral. The new note on the price target was released on March 25, 2021, representing the official price target for ChargePoint Holdings Inc. stock. Previously, the target price had yet another raise to $43, while Cowen analysts kept a Outperform rating on CHPT stock.

The Average True Range (ATR) for ChargePoint Holdings Inc. is set at 1.74, with the Price to Sales ratio for CHPT stock in the period of the last 12 months amounting to 51.84. The Price to Book ratio for the last quarter was 3.27, 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] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.25. With this latest performance, CHPT shares dropped by -0.40% in over the last four-week period, additionally sinking by -26.50% over the last 6 months – not to mention a rise of 155.61% 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 55.68, with the RSI for the last a single of trading hit 61.60, and the three-weeks RSI is set at 52.07 for ChargePoint Holdings Inc. [CHPT]. The present Moving Average for the last 50 days of trading for this stock 23.88, while it was recorded at 23.90 for the last single week of trading, and 25.11 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 $1,633 million, or 60.90% of CHPT stock, in the hands of institutional investors. The top three institutional holders of CHPT stocks are: RHO CAPITAL PARTNERS INC with ownership of 25,056,163, which is approximately New of the company’s market cap and around 1.30% of the total institutional ownership; CANADA PENSION PLAN INVESTMENT BOARD, holding 13,754,631 shares of the stock with an approximate value of $344.55 million in CHPT stocks shares; and G.F.W. ENERGY XII, L.P., currently with $198.7 million in CHPT stock with ownership of nearly New of the company’s market capitalization.

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124 institutional holders increased their position in ChargePoint Holdings Inc. [NYSE:CHPT] by around 63,250,399 shares. Additionally, 41 investors decreased positions by around 1,041,674 shares, while 10 investors held positions by with 886,411 shares. The mentioned changes placed institutional holdings at 65,178,484 shares, according to the latest SEC report filing. CHPT stock had 87 new institutional investments in for a total of 60,729,560 shares, while 30 institutional investors sold positions of 690,619 shares during the same period.

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