Should Investors Trust The Upside Potential In ChargePoint Holdings Inc (CHPT)?

money audit

ChargePoint Holdings Inc (NYSE:CHPT) currently has a daily average trading volume of 12.34M but it saw 60423672 shares traded in last market. With a market cap of 582.64M USD, the company’s current market price of $1.35 came rising about 10.66 while comparing to the previous closing price of $1.22. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.13 and as low as $1.05. In the recent trading on the day, stock has struck highest price mark of $1.27 while lowest mark touched by it was $1.5.

Taking a look at 20-day trading activity of ChargePoint Holdings Inc (CHPT) gives us an average price of $1.1685, while its current price level is -56.87% below from 52-week high level whereas it is 28.57% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.2610 while that of 200 days or SMA-200 reads an average of $1.6082. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.86% during that period while stretching the period over a month that decreases to 7.54%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 60.08 which implies that the stock is in neutral territory.

Over the week, CHPT’s stock price is moving 15.38% up while it is -2.88% when we observe its performance for the past one month. Year-to-date it is -42.31% down and over the past year, the stock is showing a downside performance of -32.16%.

Currently, ChargePoint Holdings Inc’s total number of outstanding shares is 430.83M. Company’s return on investment (ROI) stands at -73.76% and return on equity (ROE) at -155.55%. Stock’s beta reads 1.69. Stock has a price to book (P/B) ratio of 2.52 while price to sale or P/S ratio amounts to 1.32. Its return on asset (ROA) is -37.99% on average.