ChargePoint Holdings Inc. Stock Price: Will CHPT Rebound?

• ChargePoint Holdings, Inc.’s current price is 87% below the all-time high.
• CHPT stock has a basic EPS of -$0.98 per share.
• ChargePoint Holdings (NYSE: CHPT)’s live market cap is $2.48 Billion.

ChargePoint Holdings Inc. (CHPT) is a company which provides electric vehicle charging medium. It manufactures and designs the infrastructure for the charging station.

Financial Data of ChargePoint Holdings Inc. (NYSE: CHPT)

The current market price of ChargePoint Holdings,  Inc. (CHPT) stock is $7.02. The market cap of CHPT is $2.48 Billion. The stock has a beta of 0.90 and an EPS of -$0.98 per share.

The 52-week high of the ChargePoint Holdings,  Inc. stock is $19.92 and the 52-week low is $6.91. The average volume of the CHPT stock is $6.5 Million.

The net profit of ChargePoint Holdings,  Inc. stock has been increasing for the last 2 quarters. The current revenue has decreased from -$78.01 Billion to -$78.66 Million, with an average decrease of 0.8% per quarter.

The price of ChargePoint Holdings Inc.’s stock declined by 39.7% in the last 6 months, this represents that the CHPT price is currently in a downtrend. 

The data shows that the quarterly profit margin of the CHPT stock is declining by a huge percentage along with the net income.

The CHPT stock has a P/E ratio of -7.8. This indicates that the stock price of CHPT is slightly on the higher side. This might attract less buyers’ interest.

ChargePoint Holdings Inc. (CHPT) Technical Analysis

ChargePoint Holdings Inc. (CHPT) stock price is currently in a downtrend. The price is making a lower-low pattern. Recently, the price of CHPT has hit an all-time low. The overall structure of the CHPT stock is forming a weak structure and the price is likely to decline in the upcoming future.

EMA

ChargePoint Holdings Inc.’s (NYSE: CHPT) stock price is weak. The CHPT price is trading below the 50-day and 100-day EMA levels. This is a bearish sign and shows that the price will fall.

MACD

The MACD line for the CHPT stock is trading below the signal line. Also, there is a red histogram formation in the CHPT stock. This suggests that the CHPT stock is currently bearish and that prices may fall in the next few days.

Conclusion 

As per the analysis, the price of ChargePoint Holdings Inc. stock (CHPT) is trading in a downtrend momentum. The price has recently hit an all-time low. Since the last year, the stock price fell by -51%. The indicators are also negative.

Therefore, it indicates that the price is currently forming a weak structure and it is likely to see new lows in the upcoming days.

Technical Levels

• Support Level: $92
• Resistance Level: $116

Disclaimer

The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.