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ChargePoint Holdings, Inc. (CHPT) Gains But Lags Market: What You Should Know
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ChargePoint Holdings, Inc. (CHPT - Free Report) closed the most recent trading day at $13.71, moving +0.51% from the previous trading session. This move lagged the S&P 500's daily gain of 2.24%. Meanwhile, the Dow gained 2.51%, and the Nasdaq, a tech-heavy index, lost 0.2%.
Heading into today, shares of the company had gained 19.13% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 10.91% and the S&P 500's loss of 2.58% in that time.
Investors will be hoping for strength from ChargePoint Holdings, Inc. as it approaches its next earnings release, which is expected to be March 2, 2022.
Investors should also note any recent changes to analyst estimates for ChargePoint Holdings, Inc.These recent revisions tend to reflect the evolving nature of short-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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ChargePoint Holdings, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 180, putting it in the bottom 30% 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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ChargePoint Holdings, Inc. (CHPT) Gains But Lags Market: What You Should Know
ChargePoint Holdings, Inc. (CHPT - Free Report) closed the most recent trading day at $13.71, moving +0.51% from the previous trading session. This move lagged the S&P 500's daily gain of 2.24%. Meanwhile, the Dow gained 2.51%, and the Nasdaq, a tech-heavy index, lost 0.2%.
Heading into today, shares of the company had gained 19.13% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 10.91% and the S&P 500's loss of 2.58% in that time.
Investors will be hoping for strength from ChargePoint Holdings, Inc. as it approaches its next earnings release, which is expected to be March 2, 2022.
Investors should also note any recent changes to analyst estimates for ChargePoint Holdings, Inc.These recent revisions tend to reflect the evolving nature of short-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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ChargePoint Holdings, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 180, putting it in the bottom 30% 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.