Financial Analysis: ChargePoint Holdings Inc (CHPT)’s Ratios Unveil Key Insights

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As of close of business last night, ChargePoint Holdings Inc’s stock clocked out at $1.77, down -4.84% from its previous closing price of $1.86. In other words, the price has decreased by -$4.84 from its previous closing price. On the day, 11.78 million shares were traded. CHPT stock price reached its highest trading level at $1.86 during the session, while it also had its lowest trading level at $1.71.

Ratios:

To gain a deeper understanding of CHPT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.45 and its Current Ratio is at 2.13. In the meantime, Its Debt-to-Equity ratio is 1.08 whereas as Long-Term Debt/Eq ratio is at 1.08.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on April 09, 2024, Downgraded its rating to Sell and sets its target price to $1.50 from $2 previously.

On March 06, 2024, RBC Capital Mkts Downgraded its rating to Sector Perform which previously was Outperform and also lowered its target price recommendation from $3.50 to $3.

On February 21, 2024, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $4.25.The Benchmark Company initiated its Buy rating on February 21, 2024, with a $4.25 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 21 ’24 when Wilmer Richard sold 27,722 shares for $1.40 per share. The transaction valued at 38,730 led to the insider holds 2,331,740 shares of the business.

Khetani Mansi sold 19,007 shares of CHPT for $26,555 on Jun 21 ’24. The Interim CFO now owns 402,493 shares after completing the transaction at $1.40 per share. On Jun 21 ’24, another insider, Gerdes Henrik, who serves as the Chief Accounting Officer of the company, sold 10,629 shares for $1.40 each. As a result, the insider received 14,850 and left with 427,375 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CHPT now has a Market Capitalization of 791064320 and an Enterprise Value of 796381568. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.56 while its Price-to-Book (P/B) ratio in mrq is 2.71. Its current Enterprise Value per Revenue stands at 1.647 whereas that against EBITDA is -1.951.

Stock Price History:

The Beta on a monthly basis for CHPT is 1.72, which has changed by -0.8031146 over the last 52 weeks, in comparison to a change of 0.24704397 over the same period for the S&P500. Over the past 52 weeks, CHPT has reached a high of $9.23, while it has fallen to a 52-week low of $1.21. The 50-Day Moving Average of the stock is 7.89%, while the 200-Day Moving Average is calculated to be -20.75%.

Shares Statistics:

It appears that CHPT traded 13.65M shares on average per day over the past three months and 18408530 shares per day over the past ten days. A total of 421.12M shares are outstanding, with a floating share count of 388.72M. Insiders hold about 8.60% of the company’s shares, while institutions hold 37.67% stake in the company. Shares short for CHPT as of 1718323200 were 110661811 with a Short Ratio of 8.11, compared to 1715731200 on 106322919. Therefore, it implies a Short% of Shares Outstanding of 110661811 and a Short% of Float of 26.19.

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