JP Morgan has recently reduced ChargePoint Holdings Inc (CHPT) stock to Underweight rating, as announced on October 3, 2024, according to Finviz. Earlier, on September 5, 2024, Wolfe Research had resumed the stock to Peer Perform. TD Cowen also reduced Hold rating with a price target of $2. Additionally, Goldman reduced Sell rating on April 9, 2024, with a target price of $1.50. RBC Capital Mkts analysts, in their report published on March 6, 2024, also reduced Sector Perform rating and set a price target of $3.50 for ChargePoint Holdings Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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ChargePoint Holdings Inc (CHPT) Stock Trading Recap
On Tuesday, ChargePoint Holdings Inc (CHPT) stock saw a modest uptick, ending the day at $1.39 which represents a slight increase of $0.06 or 4.51% from the prior close of $1.33. The stock opened at $1.33 and touched a low of $1.31 during the day, reaching a high of $1.4. The volume of shares traded was 17.35 million exceeding the average volume of 10.87 million.
CHPT Stock Performance and Moving Averages
In recent trading, ChargePoint Holdings Inc (CHPT) stock price has shown some volatility, fluctuating 8.59% over the last five trades and -5.44% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -21.02%, and it has plunged by -12.58% in the previous three months. Currently, CHPT is trading at 6.47%, -0.33%, and -18.28% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, CHPT, a Consumer Cyclical sector stock, is trading -60.73% below its 52-week high but remains 15.83% above its 52-week low. The Average True Range (ATR) (14 days) of 0.07 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
ChargePoint Holdings Inc’s Profitability and Valuation Ratios
ChargePoint Holdings Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -78.86% and a profit margin of -89.12%, with a gross margin of -21.02%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, ChargePoint Holdings Inc’s market capitalization stands at $599.89 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 1.36, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.59, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 8.93% of ChargePoint Holdings Inc (CHPT)’s shares, while financial institutions hold 46.61%.
Notable insider trades include Linse Michael, Director at ChargePoint Holdings Inc (CHPT), who sold 1525879 shares on Mar 08 ’24, at $1.95 each, totaling $2.98 million. On Mar 07 ’24, Linse Michael, Director, sold 100000 shares for $1.94 each, amounting to $0.19 million.
