ChargePoint Holdings Inc [NYSE: CHPT] price surged by 2.29 percent to reach at $0.03.
The one-year CHPT stock forecast points to a potential upside of 43.93. The average equity rating for CHPT stock is currently 2.83, trading closer to a bullish pattern in the stock market.
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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 $2.39 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 2.83. 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.
JP Morgan have made an estimate for ChargePoint Holdings Inc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on October 03, 2024. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on September 05, 2024, representing the official price target for ChargePoint Holdings Inc stock. Previously, the target price had yet another raise to $2, while TD Cowen analysts kept a Hold rating on CHPT stock. On April 09, 2024, analysts decreased their price target for CHPT shares from 2 to 1.50.
The Average True Range (ATR) for ChargePoint Holdings Inc is set at 0.09, with the Price to Sales ratio for CHPT stock in the period of the last 12 months amounting to 1.31. The Price to Book ratio for the last quarter was 2.50, with the Price to Cash per share for the same quarter was set at 0.56.
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 -5.63. With this latest performance, CHPT shares gained by 1.52% in over the last four-week period, additionally sinking by -16.77% over the last 6 months – not to mention a drop of -64.55% 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 43.25, with the RSI for the last a single of trading hit 43.79, and the three-weeks RSI is set at 43.44 for ChargePoint Holdings Inc [CHPT]. The present Moving Average for the last 50 days of trading for this stock 1.5634, while it was recorded at 1.3760 for the last single week of trading, and 1.7650 for the last 200 days.
Insight into ChargePoint Holdings Inc Fundamentals:
ChargePoint Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.32 and a Current Ratio set at 2.03.
CHPT Stock EPS
With the latest financial reports released by the company, ChargePoint Holdings Inc posted -0.28/share EPS, while the average EPS was predicted by analysts to be reported at -0.22/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.06. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CHPT.
ChargePoint Holdings Inc [CHPT] Institutonal Ownership Details
There are presently around $57.60%, or 58.72%% of CHPT stock, in the hands of institutional investors. The top three institutional holders of CHPT stocks are: ANTARA CAPITAL LP with ownership of 45.16 million shares, which is approximately 10.6688%. VANGUARD GROUP INC, holding 37.89 million shares of the stock with an approximate value of $$57.21 million in CHPT stocks shares; and VANGUARD GROUP INC, currently with $$45.53 million in CHPT stock with ownership which is approximately 7.124%.
