CHPT Stock Summary and Trading Ideas (Chargepoint Hldgs | NYSE:CHPT)

ChargePoint designs, develops, and markets networked electric vehicle charging system infrastructure and cloud-based services that enable consumers to locate, reserve, and authenticate EV charging. The company's hardware product lineup includes solutions across home, commercial, and fast-charging applications. ChargePoint derives the majority of its revenue from the United States.

Chargepoint Hldgs trades on the NYSE stock market under the symbol CHPT.

As of November 20, 2024, CHPT stock price declined to $1.09 with 8,619,679 million shares trading.

CHPT has a beta of 2.02, meaning it tends to be more sensitive to market movements. CHPT has a correlation of 0.08 to the broad based SPY ETF.

CHPT has a market cap of $463.57 million. This is considered a Small Cap stock.

Last quarter Chargepoint Hldgs reported $109 million in Revenue and -$.10 earnings per share. This fell short of revenue expectation by $-5 million and met earnings estimates .

In the last 3 years, CHPT traded as high as $28.53 and as low as $1.08.

The top ETF exchange traded funds that CHPT belongs to (by Net Assets): VTI, VB, IWM, VXF, VBK.

CHPT has underperformed the market in the last year with a price return of -46.0% while the SPY ETF gained +32.5%. CHPT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -42.0% and -21.6%, respectively, while the SPY returned +5.8% and +2.4%, respectively.

CHPT support price is $1.08 and resistance is $1.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CHPT shares will trade within this expected range on the day.