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ChargePoint Holdings, Inc. (CHPT) Gains As Market Dips: What You Should Know
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ChargePoint Holdings, Inc. (CHPT - Free Report) closed the most recent trading day at $12.59, moving +0.72% from the previous trading session. This change outpaced the S&P 500's 0.15% loss on the day. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq lost 0.05%.
Prior to today's trading, shares of the company had lost 33.08% over the past month. This has lagged the Auto-Tires-Trucks sector's loss of 11.13% and the S&P 500's loss of 7.66% in that time.
Investors will be hoping for strength from ChargePoint Holdings, Inc. as it approaches its next earnings release.
It is also important to note the recent changes to analyst estimates for ChargePoint Holdings, Inc.Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection remained stagnant. 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 industry currently has a Zacks Industry Rank of 166, which puts it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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ChargePoint Holdings, Inc. (CHPT) Gains As Market Dips: What You Should Know
ChargePoint Holdings, Inc. (CHPT - Free Report) closed the most recent trading day at $12.59, moving +0.72% from the previous trading session. This change outpaced the S&P 500's 0.15% loss on the day. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq lost 0.05%.
Prior to today's trading, shares of the company had lost 33.08% over the past month. This has lagged the Auto-Tires-Trucks sector's loss of 11.13% and the S&P 500's loss of 7.66% in that time.
Investors will be hoping for strength from ChargePoint Holdings, Inc. as it approaches its next earnings release.
It is also important to note the recent changes to analyst estimates for ChargePoint Holdings, Inc.Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection remained stagnant. 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 industry currently has a Zacks Industry Rank of 166, which puts it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.