ChargePoint Holdings Inc (NYSE:CHPT) price on Thursday, May 09,fall -2.87% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.69.
A look at the stock’s price movement, the close in the last trading session was $1.74. Turning to its 52-week performance, $10.10 and $1.21 were the 52-week high and 52-week low respectively. Overall, CHPT moved 1.81% over the past month.
ChargePoint Holdings Inc’s market cap currently stands at around $715.48 million.
Analysts have a consensus estimate of 105.79M for the company’s revenue for the quarter, with a low and high estimate of 100M and 110M respectively. The average forecast suggests down to a -17.40% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 554.07M, representing a 9.40% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CHPT is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
CHPT’s current price about 14.42% and -0.51% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.06, while 7-day volatility ratio is 7.32% and 7.31% in the 30-day chart. Further, ChargePoint Holdings Inc (CHPT) has a beta value of 1.72, and an average true range (ATR) of 0.12.
If we refocus on ChargePoint Holdings Inc (NYSE:CHPT), historical trading data shows that trading volumes averaged 13.46 million over the past 3 months. The company’s latest data on shares outstanding shows there are 421.12 million shares.
The 12.72% of ChargePoint Holdings Inc’s shares are in the hands of company insiders while institutional holders own 32.61% of the company’s shares. Current price change has pushed the stock -27.78% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CHPT stock continues to rise going into the next quarter.
