The trading price of ChargePoint Holdings Inc (NYSE:CHPT) closed higher on Tuesday, July 16, closing at $2.37, 8.72% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $9.04 and a 52-week low of $1.21. Over the past month, the stock has gained 37.79% in value.
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ChargePoint Holdings Inc, whose market valuation is $1.01 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.09 per share this quarter, however they have predicted annual earnings per share of -0.3 for current year and -0.1 for next year.
Analysts have forecast the company to bring in revenue of 113.61M for the current quarter, with the likely lows of 109M and highs of 116.64M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 524.97M.
On the technical side, indicators suggest CHPT has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 25% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that CHPT’s price is currently 43.12% off the SMA20 and 38.73% off the SMA50. The RSI metric on the 14-day chart is currently showing 74.24, and weekly volatility stands at 9.47%. When measured over the past 30 days, the indicator reaches 8.70%. ChargePoint Holdings Inc (NYSE:CHPT)’s beta value is currently sitting at 1.76, while the Average True Range indicator is currently displaying 0.15.
To see how ChargePoint Holdings Inc stock has been performing in comparison to its peers in the industry, here are the numbers: CHPT stock’s performance was 8.72% in the latest trading, and -71.31% in the past year.
An evaluation of the daily trading volume of ChargePoint Holdings Inc (NYSE:CHPT) indicates that the 3-month average is 14.27 million.
Currently, records show that 421.12 million of the company’s shares remain outstanding. The insiders hold 9.09% of outstanding shares, whereas institutions hold 37.69%. However, since the stock’s price has seen 1.28% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
