Last Updated: 09 Nov 2024
Executive Summary
ChargePoint Holdings Inc. (CHPT) is a provider of electric vehicle (EV) charging networks and charging solutions. The company has a market capitalization of $530.85 million and is headquartered in Campbell, California. CHPT has a trailing twelve months (TTM) revenue of $441.69 million and a TTM net loss of $318.96 million. The company's stock price is currently trading at $1.13, which is below its 52-week high of $3.54 and above its 52-week low of $1.12.
Company Overview
CHPT was founded in 2007 and has since become one of the leading providers of EV charging networks and solutions. The company's network consists of over 150,000 charging stations in North America and Europe. CHPT also offers a variety of charging solutions, including home charging stations, workplace charging stations, and public charging stations.
Fundamental Analysis
CHPT's financial performance has been mixed in recent quarters. The company's revenue has grown in each of the past four quarters, but its net loss has also widened. In the most recent quarter, CHPT reported revenue of $110.3 million and a net loss of $94.4 million.
CHPT's gross profit margin has been declining in recent quarters, which is a concern. The company's gross profit margin was 19.5% in the most recent quarter, down from 22.4% in the same quarter last year.
CHPT's operating margin has also been declining in recent quarters. The company's operating margin was -14.4% in the most recent quarter, down from -10.4% in the same quarter last year.
CHPT's net profit margin has been negative in each of the past four quarters. The company's net profit margin was -21.4% in the most recent quarter.
Technical Analysis
CHPT's stock price has been trending lower in recent months. The stock price is currently trading below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also below 50, which indicates that the stock is oversold.
Short Term Outlook
CHPT's stock price is likely to continue to trend lower in the short term. The stock's technical indicators are bearish, and the company's financial performance has been mixed.
Long Term Outlook
CHPT's long-term outlook is more positive. The company is a leader in the EV charging industry, and the demand for EV charging is expected to grow in the coming years.
Analyst Recommendations
Analysts are mixed on CHPT's stock. Some analysts believe that the stock is undervalued and has a lot of upside potential. Other analysts are more cautious, citing the company's declining margins and negative net profit margin.
