In the latest trading session, ChargePoint Holdings, Inc. (CHPT) closed at $24.07, marking a -1.23% move from the previous day. This change lagged the S&P 500's daily gain of 0.42%.
Prior to today's trading, shares of the company had lost 29.85% over the past month. This has lagged the Auto-Tires-Trucks sector's loss of 6.56% and the S&P 500's gain of 2.64% in that time.
Investors will be hoping for strength from CHPT as it approaches its next earnings release.
Any recent changes to analyst estimates for CHPT should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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. CHPT is holding a Zacks Rank of #3 (Hold) right now.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 188, which puts it in the bottom 26% 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) : Free Stock Analysis Report
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