ChargePoint Holdings Inc. [CHPT] Stock trading around $5.72 per share: What’s Next?

ChargePoint Holdings Inc. [NYSE: CHPT] traded at a low on 09/08/23, posting a -9.06 loss after which it closed the day’ session at $5.72. The company report on September 6, 2023 at 4:10 PM that ChargePoint Reports Second Quarter Fiscal Year 2024 Financial Results.

Second quarter fiscal 2024 revenue of $150 million, representing 39% year-over-year growth.

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GAAP gross margin of 1% and non-GAAP gross margin of 3%, reflecting 19 percentage point margin impact from inventory impairment charge.

The results of the trading session contributed to over 21380474 shares changing hands. Over the past one week, the price volatility of ChargePoint Holdings Inc. stands at 10.58% while the volatility over the past one month is 5.69%.

The market cap for CHPT stock reached $2.22 billion, with 353.31 million shares outstanding and 291.44 million shares in the current float. Compared to the average trading volume of 10.70M shares, CHPT reached a trading volume of 21380474 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $11.32 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.

RBC Capital Mkts have made an estimate for ChargePoint Holdings Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 08, 2023.

The Average True Range (ATR) for ChargePoint Holdings Inc. is set at 0.48, with the Price to Sales ratio for CHPT stock in the period of the last 12 months amounting to 3.98. The Price to Book ratio for the last quarter was 6.09, with the Price to Cash per share for the same quarter was set at 0.73.

How has CHPT stock performed recently?

ChargePoint Holdings Inc. [CHPT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -20.11. With this latest performance, CHPT shares dropped by -28.23% in over the last four-week period, additionally sinking by -43.87% over the last 6 months – not to mention a drop of -64.43% 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 24.46, with the RSI for the last a single of trading hit 19.70, and the three-weeks RSI is set at 29.00 for ChargePoint Holdings Inc. [CHPT]. The present Moving Average for the last 50 days of trading for this stock 7.89, while it was recorded at 6.75 for the last single week of trading, and 9.47 for the last 200 days.

ChargePoint Holdings Inc. [CHPT]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and ChargePoint Holdings Inc. [CHPT] shares currently have an operating margin of -73.02 and a Gross Margin at +15.87. ChargePoint Holdings Inc.’s Net Margin is presently recorded at -73.73.

Return on Total Capital for CHPT is now -54.94, given the latest momentum, and Return on Invested Capital for the company is -55.48. Return on Equity for this stock declined to -76.52, with Return on Assets sitting at -35.09. When it comes to the capital structure of this company, ChargePoint Holdings Inc. [CHPT] has a Total Debt to Total Equity ratio set at 89.23. Additionally, CHPT Total Debt to Total Capital is recorded at 47.16, with Total Debt to Total Assets ending up at 28.93. Long-Term Debt to Equity for the company is recorded at 89.23, with the Long-Term Debt to Total Capital now at 47.16.

Reflecting on the efficiency of the workforce at the company, ChargePoint Holdings Inc. [CHPT] managed to generate an average of -$209,156 per employee. Receivables Turnover for the company is 3.89 with a Total Asset Turnover recorded at a value of 0.48.ChargePoint Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.40.

Insider trade positions for ChargePoint Holdings Inc. [CHPT]

The top three institutional holders of CHPT stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in CHPT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in CHPT stock with ownership which is approximately 5.7381%.

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