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ChargePoint Holdings, Inc. (CHPT) Stock Moves -0.42%: What You Should Know

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ChargePoint Holdings, Inc. (CHPT - Free Report) closed the most recent trading day at $14.24, moving -0.42% from the previous trading session. This move was narrower than the S&P 500's daily loss of 0.97%. Elsewhere, the Dow lost 0.96%, while the tech-heavy Nasdaq added 0.23%.

Heading into today, shares of the company had lost 23.69% over the past month, lagging the Auto-Tires-Trucks sector's gain of 6.96% and the S&P 500's loss of 0.78% in that time.

Investors will be hoping for strength from ChargePoint Holdings, Inc. as it approaches its next earnings release.

Investors might also notice recent changes to analyst estimates for ChargePoint Holdings, Inc.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. ChargePoint Holdings, Inc. is currently sporting a Zacks Rank of #4 (Sell).

The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 199, putting it in the bottom 22% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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