Look Past The Setbacks And Give ChargePoint Holdings Inc (NYSE: CHPT) Another Chance

money audit

ChargePoint Holdings Inc (NYSE:CHPT) currently has a daily average trading volume of 13.99M but it saw 9518742 shares traded in last market. With a market cap of 526.74M USD, the company’s current market price of $1.16 came rising about 2.65 while comparing to the previous closing price of $1.13. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.68 and as low as $1.05. In the recent trading on the day, stock has struck highest price mark of $1.1 while lowest mark touched by it was $1.16.

Taking a look at 20-day trading activity of ChargePoint Holdings Inc (CHPT) gives us an average price of $1.2105, while its current price level is -56.72% below from 52-week high level whereas it is 10.48% 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 $1.2222 while that of 200 days or SMA-200 reads an average of $1.5583. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.00% during that period while stretching the period over a month that decreases to 8.88%. 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 45.29 which implies that the stock is in neutral territory.

Over the week, CHPT’s stock price is moving -1.72% down while it is -0.87% when we observe its performance for the past one month. Year-to-date it is -51.28% down and over the past year, the stock is showing a downside performance of -53.85%.

The company is expected to be releasing its next quarterly report in January, for which analysts forecasted an EPS of -0.08 while estimate for next year EPS is -0.38. In next quarter, company is expected to be making quarterly sales of $102.06M as analysts are expecting the sales for current fiscal year at $415.85M and seeing the company making $500.24M in sales next year. Moreover, analysts are in estimates of $100.92M for current-quarter revenue.

Currently, ChargePoint Holdings Inc’s total number of outstanding shares is 440.75M. Company’s return on investment (ROI) stands at -63.05% and return on equity (ROE) at -109.15%. Stock’s beta reads 1.69. Stock has a price to book (P/B) ratio of 2.82 while price to sale or P/S ratio amounts to 1.22. Its return on asset (ROA) is -29.06% on average.