ChargePoint Holdings Inc. [NYSE: CHPT] price surged by 2.61 percent to reach at $0.54. The company report on September 2, 2021 that ChargePoint Reports Second Quarter Fiscal 2022 Financial Results; Raises Full-Year Revenue Guidance.
Quarterly revenue increased 61% year over year.
Full-year revenue guidance raised 15% to $225 – $235 million.
A sum of 12081342 shares traded at recent session while its average daily volume was at 7.55M shares. ChargePoint Holdings Inc. shares reached a high of $21.62 and dropped to a low of $20.30 until finishing in the latest session at $21.22.
The one-year CHPT stock forecast points to a potential upside of 40.39. The average equity rating for CHPT stock is currently 1.90, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $35.60 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 1.90. 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.
BofA Securities have made an estimate for ChargePoint Holdings Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 08, 2021. While these analysts kept the previous recommendation, Goldman raised their target price to Neutral. The new note on the price target was released on August 02, 2021, representing the official price target for ChargePoint Holdings Inc. stock. Previously, the target price had yet another raise to $30, while DA Davidson analysts kept a Buy rating on CHPT stock.
The Average True Range (ATR) for ChargePoint Holdings Inc. is set at 1.21, with the Price to Sales ratio for CHPT stock in the period of the last 12 months amounting to 74.80. The Price to Book ratio for the last quarter was 9.56, with the Price to Cash per share for the same quarter was set at 1.79.
CHPT Stock Performance Analysis:
ChargePoint Holdings Inc. [CHPT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.59. With this latest performance, CHPT shares dropped by -15.73% in over the last four-week period, additionally sinking by -18.10% over the last 6 months – not to mention a rise of 105.02% 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 43.26, with the RSI for the last a single of trading hit 43.62, and the three-weeks RSI is set at 43.36 for ChargePoint Holdings Inc. [CHPT]. The present Moving Average for the last 50 days of trading for this stock 23.80, while it was recorded at 21.60 for the last single week of trading, and 29.48 for the last 200 days.
Insight into ChargePoint Holdings Inc. Fundamentals:
Return on Total Capital for CHPT is now -4.14, given the latest momentum, and Return on Invested Capital for the company is -220.47. Return on Equity for this stock declined to -220.47, with Return on Assets sitting at -99.39.
Reflecting on the efficiency of the workforce at the company, ChargePoint Holdings Inc. [CHPT] managed to generate an average of -$429,593 per employee.ChargePoint Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.30 and a Current Ratio set at 6.60.
ChargePoint Holdings Inc. [CHPT] Insider Position Details
There are presently around $2,032 million, or 70.60% 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 24,142,341, which is approximately -3.647% of the company’s market cap and around 1.30% of the total institutional ownership; CANADA PENSION PLAN INVESTMENT BOARD, holding 14,114,299 shares of the stock with an approximate value of $299.5 million in CHPT stocks shares; and SPT INVEST MANAGEMENT SARL, currently with $249.42 million in CHPT stock with ownership of nearly 0.444% of the company’s market capitalization.
Positions in ChargePoint Holdings Inc. stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 175 institutional holders increased their position in ChargePoint Holdings Inc. [NYSE:CHPT] by around 28,257,667 shares. Additionally, 73 investors decreased positions by around 9,407,935 shares, while 14 investors held positions by with 58,073,203 shares. The mentioned changes placed institutional holdings at 95,738,805 shares, according to the latest SEC report filing. CHPT stock had 116 new institutional investments in for a total of 17,989,872 shares, while 45 institutional investors sold positions of 3,630,495 shares during the same period.