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ChargePoint Holdings, Inc. (CHPT) Stock Sinks As Market Gains: What You Should Know
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ChargePoint Holdings, Inc. (CHPT - Free Report) closed at $19.92 in the latest trading session, marking a -0.4% move from the prior day. This change lagged the S&P 500's daily gain of 1.71%.
Coming into today, shares of the company had lost 2.96% in the past month. In that same time, the Auto-Tires-Trucks sector gained 1.22%, while the S&P 500 lost 2.25%.
Investors will be hoping for strength from CHPT as it approaches its next earnings release.
Investors should also note any recent changes to analyst estimates for CHPT. These revisions help to show the ever-changing nature of 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. 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 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. CHPT currently has a Zacks Rank of #3 (Hold).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 238, putting it in the bottom 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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ChargePoint Holdings, Inc. (CHPT) Stock Sinks As Market Gains: What You Should Know
ChargePoint Holdings, Inc. (CHPT - Free Report) closed at $19.92 in the latest trading session, marking a -0.4% move from the prior day. This change lagged the S&P 500's daily gain of 1.71%.
Coming into today, shares of the company had lost 2.96% in the past month. In that same time, the Auto-Tires-Trucks sector gained 1.22%, while the S&P 500 lost 2.25%.
Investors will be hoping for strength from CHPT as it approaches its next earnings release.
Investors should also note any recent changes to analyst estimates for CHPT. These revisions help to show the ever-changing nature of 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. 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 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. CHPT currently has a Zacks Rank of #3 (Hold).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 238, putting it in the bottom 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.