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ChargePoint Holdings, Inc. (CHPT) Stock Moves -0.5%: What You Should Know

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In the latest trading session, ChargePoint Holdings, Inc. (CHPT - Free Report) closed at $21.75, marking a -0.5% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.08%.

Coming into today, shares of the company had lost 10.89% in the past month. In that same time, the Auto-Tires-Trucks sector lost 0.33%, while the S&P 500 gained 2.93%.

CHPT will be looking to display strength as it nears its next earnings release, which is expected to be September 1, 2021.

Any recent changes to analyst estimates for CHPT should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CHPT is currently sporting a Zacks Rank of #3 (Hold).

The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 212, which puts it in the bottom 17% 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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