ChargePoint Holdings Inc (NYSE:CHPT) shares, rose in value, with the stock price down by -2.33% to the previous day’s close as strong demand from buyers drove the stock to $1.26.
Actively observing the price movement in the last trading, the stock closed the session at $1.29. Referring to stock’s 52-week performance, its high was $10.10, and the low was $1.21. On the whole, CHPT has fluctuated by -27.59% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 554.09M, with a low estimate of 100M and a high estimate of 110M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 105.76M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CHPT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CHPT currently trading nearly -22.68% and -30.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 22.65, while the 7-day volatility ratio is showing 7.73% which for the 30-day chart, stands at 6.66%. Furthermore, ChargePoint Holdings Inc (CHPT)’s beta value is 1.69, and its average true range (ATR) is 0.11.
A comparison of ChargePoint Holdings Inc (CHPT) with its peers suggests the former has fared considerably weaker in the market. CHPT showed an intraday change of -2.33% in last session, and over the past year, it shrunk by -85.35%%.
Data on historical trading for ChargePoint Holdings Inc (NYSE:CHPT) indicates that the trading volumes over the past 3 months, they’ve averaged 13.38 million. According to company’s latest data on outstanding shares, there are 421.12 million shares outstanding.
Nearly 12.65% of ChargePoint Holdings Inc’s shares belong to company insiders and institutional investors own 32.57% of the company’s shares. The stock has fallen by -46.15% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CHPT stock heading into the next quarter.
