Chargepoint Holdings Stock Probability of Future Stock Price Finishing Under 1.37
| CHPT Stock | USD 1.19 0.03 2.46% |
ChargePoint |
ChargePoint Holdings Target Price Odds to finish below 1.37
The tendency of ChargePoint Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 1.37 after 90 days |
| 1.19 | 90 days | 1.37 | about 59.74 |
Based on a normal probability distribution, the odds of ChargePoint Holdings to stay under $ 1.37 after 90 days from now is about 59.74 (This ChargePoint Holdings probability density function shows the probability of ChargePoint Stock to fall within a particular range of prices over 90 days) . Probability of ChargePoint Holdings price to stay between its current price of $ 1.19 and $ 1.37 at the end of the 90-day period is about 40.79 .
Given the investment horizon of 90 days ChargePoint Holdings has a beta of 0.76 suggesting as returns on the market go up, ChargePoint Holdings average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ChargePoint Holdings will be expected to be much smaller as well. Additionally ChargePoint Holdings has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. ChargePoint Holdings Price Density |
| Price |
Predictive Modules for ChargePoint Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ChargePoint Holdings. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.ChargePoint Holdings Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ChargePoint Holdings is not an exception. The market had few large corrections towards the ChargePoint Holdings' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold ChargePoint Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ChargePoint Holdings within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.55 | |
β | Beta against Dow Jones | 0.76 | |
σ | Overall volatility | 0.16 | |
Ir | Information ratio | -0.12 |
ChargePoint Holdings Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of ChargePoint Holdings for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ChargePoint Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ChargePoint Holdings generated a negative expected return over the last 90 days | |
| ChargePoint Holdings may become a speculative penny stock | |
| ChargePoint Holdings has high historical volatility and very poor performance | |
| ChargePoint Holdings has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 506.64 M. Net Loss for the year was (457.61 M) with profit before overhead, payroll, taxes, and interest of 86.19 M. | |
| ChargePoint Holdings currently holds about 471.54 M in cash with (328.94 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.39, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from finance.yahoo.com: Will ChargePoint Holdings, Inc. Report Negative Earnings Next Week What You Should Know |
ChargePoint Holdings Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of ChargePoint Stock often depends not only on the future outlook of the current and potential ChargePoint Holdings' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. ChargePoint Holdings' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 375.5 M | |
| Cash And Short Term Investments | 327.4 M |
ChargePoint Holdings Technical Analysis
ChargePoint Holdings' future price can be derived by breaking down and analyzing its technical indicators over time. ChargePoint Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ChargePoint Holdings. In general, you should focus on analyzing ChargePoint Stock price patterns and their correlations with different microeconomic environments and drivers.
ChargePoint Holdings Predictive Forecast Models
ChargePoint Holdings' time-series forecasting models is one of many ChargePoint Holdings' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary ChargePoint Holdings' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about ChargePoint Holdings
Checking the ongoing alerts about ChargePoint Holdings for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ChargePoint Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ChargePoint Holdings generated a negative expected return over the last 90 days | |
| ChargePoint Holdings may become a speculative penny stock | |
| ChargePoint Holdings has high historical volatility and very poor performance | |
| ChargePoint Holdings has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 506.64 M. Net Loss for the year was (457.61 M) with profit before overhead, payroll, taxes, and interest of 86.19 M. | |
| ChargePoint Holdings currently holds about 471.54 M in cash with (328.94 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.39, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from finance.yahoo.com: Will ChargePoint Holdings, Inc. Report Negative Earnings Next Week What You Should Know |
Additional Tools for ChargePoint Stock Analysis
When running ChargePoint Holdings' price analysis, check to measure ChargePoint Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ChargePoint Holdings is operating at the current time. Most of ChargePoint Holdings' value examination focuses on studying past and present price action to predict the probability of ChargePoint Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChargePoint Holdings' price. Additionally, you may evaluate how the addition of ChargePoint Holdings to your portfolios can decrease your overall portfolio volatility.