ChargePoint Holdings Inc (CHPT) is gearing up for another turning point as it hit the volume of 10.63 million

ChargePoint Holdings Inc (NYSE: CHPT) kicked off on Monday, down -4.57% from the previous trading day, before settling in for the closing price of $2.19. Over the past 52 weeks, CHPT has traded in a range of $1.21-$8.68.

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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 33.40%. While this was happening, its average annual earnings per share was recorded 53.66%. With a float of $386.65 million, this company’s outstanding shares have now reached $421.12 million.

Let’s determine the extent of company efficiency that accounts for 1650 employees.

ChargePoint Holdings Inc (CHPT) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Specialty Retail Industry. The insider ownership of ChargePoint Holdings Inc is 9.09%, while institutional ownership is 38.25%. The most recent insider transaction that took place on Jun 21 ’24, was worth 38,730. In this transaction President and CEO of this company sold 27,722 shares at a rate of $1.40, taking the stock ownership to the 2,331,740 shares. Before that another transaction happened on Jun 21 ’24, when Company’s Interim CFO sold 19,007 for $1.40, making the entire transaction worth $26,555. This insider now owns 402,493 shares in total.

ChargePoint Holdings Inc (CHPT) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 4/30/2024, the organization reported -0.24 earnings per share (EPS), lower than consensus estimate (set at -0.16) by -0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 53.66% per share during the next fiscal year.

ChargePoint Holdings Inc (NYSE: CHPT) Trading Performance Indicators

Take a look at ChargePoint Holdings Inc’s (CHPT) current performance indicators. Last quarter, stock had a quick ratio of 1.45. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.84.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.17, a number that is poised to hit -0.15 in the next quarter and is forecasted to reach -0.33 in one year’s time.

Technical Analysis of ChargePoint Holdings Inc (CHPT)

Looking closely at ChargePoint Holdings Inc (NYSE: CHPT), its last 5-days average volume was 14.32 million, which is a drop from its year-to-date volume of 14.52 million. As of the previous 9 days, the stock’s Stochastic %D was 41.95%. Additionally, its Average True Range was 0.18.

During the past 100 days, ChargePoint Holdings Inc’s (CHPT) raw stochastic average was set at 71.54%, which indicates a significant increase from 49.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 107.79% in the past 14 days, which was higher than the 82.54% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.78, while its 200-day Moving Average is $2.04. However, in the short run, ChargePoint Holdings Inc’s stock first resistance to watch stands at $2.21. Second resistance stands at $2.32. The third major resistance level sits at $2.41. If the price goes on to break the first support level at $2.01, it is likely to go to the next support level at $1.92. Should the price break the second support level, the third support level stands at $1.81.

ChargePoint Holdings Inc (NYSE: CHPT) Key Stats

The company with the Market Capitalisation of 888.88 million has total of 423,360K Shares Outstanding. Its annual sales at the moment are 506,640 K in contrast with the sum of -457,610 K annual income. Company’s last quarter sales were recorded 107,040 K and last quarter income was -71,800 K.