Don't Judge ChargePoint on Technicals Alone - Check Its Fundamentals!

By Emilio Sanchez • Monday, December 19 15:00 • Permanent Link

ChargePoint logged a -7.4% change during today's afternoon session, and is now trading at a price of $9.68 per share. The S&P 500 index moved -1.2%. CHPT's trading volume is 12,580,488 compared to the stock's average volume of 8,463,363.

ChargePoint trades -53.87% away from its average analyst target price of $20.98 per share. The 20 analysts following the stock have set target prices ranging from $14 to $46, and on average have given ChargePoint a rating of buy.

Anyone interested in buying CHPT should be aware of the facts below:

ChargePoint has moved -42.0% over the last year, and the S&P 500 logged a change of -15.7%
Based on its trailing earning per share of -1.09, ChargePoint has a trailing 12 month Price to Earnings (P/E) ratio of -8.9 while the S&P 500 average is 15.97
CHPT has a forward P/E ratio of -18.3 based on its forward 12 month price to earnings (Eps) of $-0.53 per share
The company has a price to earnings growth (PEG) ratio of 0.28 — a number near or below 1 signifying that ChargePoint is fairly valued compared to its estimated growth potential
Its Price to Book (P/B) ratio is 9.8 compared to its sector average of 3.11
ChargePoint Holdings, Inc. provides electric vehicle (EV) charging networks and charging solutions in the United States and internationally.
Based in Campbell, CA the company has 1,700 full time employees and a market cap of $3,307,125,248.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.