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

ChargePoint Holdings Inc (NYSE:CHPT) currently has a daily average trading volume of 24.74M but it saw 17189146 shares traded in last market. With a market cap of 349.45M USD, the company’s current market price of $0.79 came falling about -4.66 while comparing to the previous closing price of $0.83. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.44 and as low as $0.66.

Taking a look at 20-day trading activity of ChargePoint Holdings Inc (CHPT) gives us an average price of $0.8758, while its current price level is -67.62% below from 52-week high level whereas it is 19.34% 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 $1.0424 while that of 200 days or SMA-200 reads an average of $1.4399. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.21% during that period while stretching the period over a month that decreases to 8.18%. 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 37.97 which implies that the stock is in neutral territory.

Over the week, CHPT’s stock price is moving 12.94% up while it is -25.47% when we observe its performance for the past one month. Year-to-date it is -26.17% down and over the past year, the stock is showing a downside performance of -63.08%.

The company is expected to be releasing its next quarterly report in March, 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 $416.19M and seeing the company making $498.25M in sales next year. Moreover, analysts are in estimates of $100.99M for current-quarter revenue.

Currently, ChargePoint Holdings Inc’s total number of outstanding shares is 440.75M with 2.96% of that held by the insiders while 48.58% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -63.05% and return on equity (ROE) at -109.15%. Stock’s beta reads 1.80. Stock has a price to book (P/B) ratio of 1.92 while price to sale or P/S ratio amounts to 0.81. Its return on asset (ROA) is -29.06% on average.