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ChargePoint Holdings, Inc.ChargePoint Holdings, Inc.ChargePoint Holdings, Inc.

ChargePoint Holdings, Inc.

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CHPT trade ideas

ChargePoint bottomed outChargePoint had a rough earnings season, no doubt. However, its improvements in profitability show promise, suggesting it could approach break-even within the next 1-2 years. Given its unique business model—especially compared to other EV charging infrastructure companies—ChargePoint's significant and growing software segment stands out. Could we soon see a shift in valuation that factors in this blend of software and infrastructure, rather than just viewing it as a pure infrastructure play? Price target $2.7 if it continues on its current pattern and trend, and some slight shift in the market sentiment on the stock. CHPT is trade at 1.0x PS ratio, vs EVGO trading at 6.5x......
NYSE:CHPTLong
by AZ_Cap
7
6/5/24 - $chpt - tough burn/ environment/ high disc rate-caution6/5/24 - vrockstar - NYSE:CHPT - 3 yrs of cash burn runway generously (probably more like 2), trends last 2 Q's have been particuarly bad, electric factor/ hype has defn taken a backseat in the last months and simply put there's a lot of dilution happening here too at the stock comp level. i'd expect a raise at some pt which probably holds the upside hostage and if you were so inclined to bet on the long term (very heady analyst estimates for growth in the 2-3y context - i'd not do this, but you do you), then perhaps you'll see a better entry in the coming weeks/ month(s) esp as higher rates further pound these higher discount rate biz's into the ground.
NYSE:CHPTShort
by VROCKSTAR
CHPT - Short-Term Bottom Bounce PlayChargePoint designs, develops, and markets networked electric vehicle charging system infrastructure and cloud-based services that enable consumers to locate, reserve, and authenticate EV charging. The company's hardware product lineup includes solutions across home, commercial, and fast-charging applications. ChargePoint derives the majority of its revenue from the United States. Disclaimer: This content is for informational purposes only and is not intended as financial advice. Investment Overview (Dated 04/23/24): Shares Outstanding: 369.79 million Short Interest: 31.28% Market Activity: Recent transactions include notable block buys, indicating increased trading volume and investor interest. Strategy Insight: This appears to be a bottom bounce play, suitable primarily for short-term trading strategies. Key Technical Levels: Trading Strategy: Take Profit (TP): Establish a profit target at approximately $1.70 to secure earnings. Stop Loss (SL): Implement a stop loss under $1.30 to protect against significant losses. Chart Analysis: For a comprehensive understanding of price actions and trends, please review the accompanying chart. Trading Caution: Trading involves significant risks. It is crucial to evaluate market conditions and your risk tolerance carefully. Always conduct thorough research or consult with a financial advisor before making any trading decisions.
NYSE:CHPTLong
by meitshels_smell_trades
CHPT - EYING LONG POSITION.ChargePoint, the EV charging bigwig, saw its shares jump, riding the wave of Blink Charging's unexpectedly strong preliminary Q4 earnings. I was able to catch a 30% gain on Blinks run after previous quarter reports, though a rival.. BLNKS performace may be similar to ChargePoint, eyeing their own March 5 Q4 earnings release, crossing fingers for a similar beat. Yet, with the stock price way off its peak—down a whopping 95%—and trading at about 1.6 times this year's expected revenue, some folks see it as sitting at a solid support level. I'm keeping an eye out, hoping to scoop some shares under the $2 point of control (PoC), targeting the $2.50 zone for a potential bounce back. But let's not sugarcoat it: Despite the tempting valuation, ChargePoint's path to positive gross margins and profitability remains a steep climb, especially with the EV market's growth expected to slow. For those of us willing to play the long game and stomach some risk, ChargePoint's battered stock might just offer that explosive upside we're hunting for. Yet, it's a speculative play, Good Luck Guys!
NYSE:CHPTLong
by SPYDERMARKET
CHPT Bull vs Bear technicalsCurrently on the weekly using my rsi/ Bollinger strategy the rsi with rsi ma turned on (which is a slept on indicator that most people turn off, that literally gives buy and sell signals lol). Anyhow the rsi has bounced off of the rsi ma on weekly. The crossing of the two usually leads to a move to the ma of the Bollinger bands which is 1st target. A cross of the rsi and rsi ma on the 3 week would confirm the move to the second target. The price is currently in a falling wedge pattern with bullish divergence on the weekly and also bounced off a fib level at the low. However if the weekly rsi crosses back under the rsi ma the price is definitely going to double bottom or going lower towards bottom of band. Given the current EV climate that could be the outcome. My thoughts on it. Going long. Good luck, NFA.
NYSE:CHPT
by TradezyTrades
CHPT, Charging its way to an UPSIDE move... soon!CHPT last quarterly earnings we're mostly on the optimistic side as EPS numbers are up -- beat by 11.43% (from expected figures). On the weekly data, the stock net buy positions is increasing on a daily basis -- anticipating the company's long term price growth. Volume is up by two folds from its average figures, from 15.69M to 33.87M. Net buying activity is up by more than 100%. It is now sitting a 1.0 FIB LEVEL -- the most discounted price you could get. Best to seed at this price level. 8.0 to 9.0 price level has been a quite solid support historically. Expect some significant bounce from the current price range. On weekly histogram, higher lows has been created depicting that an upward price shift is about to commence. OTHER KEY NOTES: WEEKLY descending trendline broken, 1st Bubble up volume (bottom indicator) appeared after almost 3 months. Spotted at 8.0 TAYOR. Safeguard capital always.
NYSE:CHPTLong
by JSAL
12
CHPT is probably one of my favorite setups current unfolding....I'm a retail trader of 4yrs. I've lost a good bit of money over those four years which would either make most people give up, OR dig their heels in and study everything there is to know about the market and trading. I've been on a good run these past few months. So please take all of this into consideration should you choose to follow this strategy. CHPT looks to be in the "spring' phase of the Wyckoff Method (phase-c). Even if I'm incorrect about which phase it's in, it's got some good upside over these next couple of weeks. It's maintaining it's trend line and looks to be bouncing off of support for another run at $3. If it can break and hold $3, I think $3.50 and then back trace to $3 continuing a stepping process up to $4.50/$5. I see a possible Inverted H&S forming around the $6 mark. drive.google.com
NYSE:CHPTLong
by mtodd1002
CHPT - My Lotto-Ticket for ChristmasRule Nr. 1: Take it with a grain of Salt! ;-) OK, it's probably a Lotto Ticket. But IMO one with a monstrous chance of 80% if price trades within the Pitchfork. As we now, price has a 80% chance to reach the Center-Line. So, it's a Lotto Ticket with a good RIsk to Reward. Nothing more, nothing less. I'm in CHPT since over 1 year and got clapped. Ever since I was watching for any sign of a potential recovery. Nothing was showing on my radar. But now, I see a Volume that reminds me of a "Final Puke". Everyone who was long has to be scared out, before the Whales step in. Whales only buy Food for cheap. Is it cheap now? Depends on how you look at CHPT. Technically, I would say yes. Fundamentally I would say it's probably crap? Here's what I get from my fundamental Screener: "Overall CHPT gets a fundamental rating of 2 out of 10. We evaluated CHPT against 88 industry peers in the Electrical Equipment industry. Both the profitability and financial health of CHPT have multiple concerns. CHPT is valued quite expensive... ....but it does show an excellent growth." This last bit of the fundamental evaluation tells me, it's not dead yet. And who knows what they have in their back to recover? (SECULATION!!!). The Mansfield Indicator is clearly showing, that this Stock is way weaker than the S&P500. BUT - It starts to curl up... I have no clue what this Analysis is worth it. But I know what I see in the Volume and the recent Weeks drop. So, that's it for my Coffee-Ground reading. I am long the Stock, and I love the thrill it gives me for a cheap Lotto Ticket to a potential 1000% trade §8-) What ever you do with it, I'm not responsible. This is no trading advice. You will loose money! Don't follow my Analysis. It's all BS and Coffee-Ground reading with no profound reasoning §8-) Happy Christmas...oh, it's too soon...
NYSE:CHPTLong
by Tr8dingN3rd
18
$CHPT Well Positioned to Capitalize on Tesla’s DominanceIn a previous article, we were short on ChargePoint Holdings, Inc. (NYSE: CHPT) after several EV makers struck deals with Tesla, Inc. (NASDAQ: TSLA) to adopt its NACS port to gain access to its expansive supercharger network. Since then, the stock has been in a free fall as it’s down more than 63% and recently reached a new all-time low at $2.38. However, after diving deeper into the topic, ChargePoint may actually further benefit from the Tesla deals given their potential to increase EV adoption. As is, ChargePoint specializes in level 2 chargers located in homes and public spaces, where it’s more convenient and cheaper for EV owners to charge their vehicles. With the stock trading near its all-time low, the risk-to-reward ratio may be more compelling at current levels, which is why CHPT stock could be a good buy. CHPT Fundamentals EV Demand To Reaccelerate in 2024 With interest rates at a multi-decade high, EV demand has been softening, bringing down EV-related equities in the process. As ChargePoint’s business is mainly dependent on increased EV adoption, it’s no surprise that its stock is down nearly 63% YTD. To better understand the implications of this softening demand for EVs, automobile giant Ford (NYSE: F) announced in late October that it’s postponing $12 billion of its EV investments due to soft demand and high production costs. In addition, General Motors (NYSE: GM) abandoned its target to produce a cumulative 400 thousand EVs from 2022 through the first half of 2024 citing similar reasons. Even Tesla’s CEO Elon Musk shared his worries about the effects of interest rates on EV demand in the future. However, EV demand may reaccelerate in 2024 due to a major overlooked catalyst. In a recent US Department of the Treasury proposal, car dealers would offer EV tax breaks to consumers at the point of sale starting January 1st, 2024. This means that all eligible EV buyers would get an upfront discount of up to $7500 for new EVs, instead of the current system where the tax credit reduces the filer’s federal income tax. In simple terms, a $50 thousand EV becomes immediately $42,500 according to the new proposal. The positive impact of this proposal is that it would expand the pool of consumers, especially lower earners who have smaller tax liabilities, eligible for the full value of the EV tax credit. As a result, EV purchases would become more affordable for interested buyers with lower disposable income. This government rebate could be a game changer when considering that 52% of new car buyers in the US believe EVs cost too much as cost was their most cited concern, according to the 2023 Deloitte Automotive Consumer Study. Therefore, as EV prices become cheaper than they currently are, demand could pick up next year. Return to Office May Boost Sales So with EV demand expected to increase next year, it’s normal to expect demand for EV charging stations to increase as well. In fact, demand for EV charging stations may be more than ever next year with more employees set to return to the office by the end of 2024. According to a report from Resume Builder, 90% of companies plan to implement return-to-office policies by the end of 2024, compared to 64% currently. With that in mind, there is a strong correlation between working from office and demand for EV charging. In a study conducted last March by EVBox, 34% of EV drivers charge at work, while an additional 27% would do so if that option was available. This means that 61% of EV owners would charge their vehicles at work if given the opportunity which shows how significant this potential market is as businesses may start installing charging stations to accommodate their employees ahead of their return to the office next year. As such, ChargePoint could be well-positioned to capitalize on this industry-wide catalyst due to its reputation and reach in the US. Currently, the company has 31 thousand locations in the US and 56 thousand total level 2 and level 3 ports, which makes it the largest EV charging network in the US. In comparison, Tesla, its biggest rival, has only 6000 locations and 33 thousand ports. Followed by Volta, Blink (BLNK), EV Connect, EvGo (EVGO), and Electrify America, respectively. However, while Tesla has fewer locations and ports than ChargePoint, it’s leading in terms of level 3 charging ports, of which it has more than 20 thousand ports. Meanwhile, ChargePoint only has a little more than 2000 level 3 ports. But this discrepancy in level 3 ports isn’t as negative as it seems. Level 3 chargers, or DC chargers, can impressively fully charge an EV in a matter of a few minutes, usually between 20 and 30 minutes. However, there are downsides to using such chargers compared to level 2 chargers which ChargePoint is the undisputed leader in. AC Charging Advantages For starters, it is worth noting that 80% of all EV charging happens at home or work where vehicles spend a lot of time parked. This provides more than enough time to fill up using level 2 AC charging speeds, which provide around 25 miles of range per hour. As such, charging at home or work is considered to be more convenient for EV owners. On the other hand, DC charging is only ideal for road trips, quick stops, and when an EV owner needs to fill up quickly. Therefore, the use of DC charging is limited compared to level 2 charging, especially when considering that frequent use of DC charging can in fact negatively impact battery performance and durability as many EV makers warn, including Tesla. The reason why DC charging can have negative impacts on batteries is due to physics, so I’ll do my best to illustrate it in a simple way. Just like humans, EV batteries prefer to operate at comfortable temperatures, ideally in the 70s and 80s. But what happens during fast charging is that the battery receives a lot of power which can create heat. This heat would then stress batteries more than AC charging which could impact battery life over time. In fact, experts suggest that home charging with a level 2 charger is better for batteries as the cycling in fast charging can kill batteries. Knowing this information, it appears that relying on level 2 for day-to-day charging is better, which shows that the DC charging market is very limited. Another advantage of AC charging is that is affordable. In fact, AC charging is 7-10 times cheaper than DC charging with the same performance. At the same time, AC chargers are smaller and their installation is simpler, faster, and less expensive than their DC counterparts. This is an additional advantage for ChargePoint if we take its business model into account. How To Capitalize on Tesla’s Dominance? As is, the company’s customer base is property owners not drivers as it generates revenue by selling the hardware to network operators, who then decide whether to charge EV owners or not for using the port. The company also generates revenue from the sale of subscriptions and for the maintenance of the chargers it sells. This comes in handy when considering the growing wave of EV makers adopting Tesla’s NACS port. ChargePoint currency adopts the CCS port in its network, and given the potential increase in demand for NACS ports, its network operators would have to retrofit or upgrade their stations to be NACS enabled in order to meet the anticipated demand. Doing so would benefit ChargePoint in the form of increased revenue since it charges fees for the maintenance of its stations as aforementioned. In this way, ChargePoint may benefit from more EV makers adopting the NACS port. Risks While there are many reasons to be bullish on CHPT stock with the anticipated reacceleration in EV demand as well as more EV makers adopting Tesla’s NACS port, there are risks to consider. The first risk is if network operators don’t upgrade their stations to accommodate the NACS port in case more EVs adopt it. This would mean that there would be less demand for ChargePoint’s chargers while also not leading to the expected revenue growth. Another risk to consider is ChargePoint’s cash burn. In 2 quarters only, the company burned $190.6 million in operating cash flow. Given its cash balance of $233.4 million, capital raises may occur in the near term similar to the offering it recently closed for $232 million in net proceeds. It is also worth noting that in addition to the capital raise, the company amended the terms of some of its convertible notes by extending the maturity date from 2027 to 2028. However, it also raised cash interest from 3.5% to 7% and payment in kind interest from 5% to 8.5%, while adjusting the conversion price of the notes from $24.03 to $12. As a result, the company’s bottom line will be impacted in the coming quarters due to the increased interest payments. Technical Analysis On the hourly chart, CHPT stock is in a neutral trend as it is trading in a sideways channel between $2.42 and $3.25. Looking at the indicators, the stock is below the 200 and 50 MAs which is a bearish sign, however, it is testing the 21 MA as support. Meanwhile, the RSI is neutral at 51 and the MACD is neutral as well. As for the fundamentals, CHPT stock appears to be poised to rebound soon with the expected reacceleration in demand for EVs and charging stations. Given that the company specializes in level 2 charging which is cheaper and more convenient for EV owners, its revenues may grow substantially as more EV makers adopt Tesla’s NACS port. With the stock trading near all-time lows, investors could start building a long position in the stock below $2.7. CHPT Forecast Despite our earlier bearish view on CHPT stock, the company appears to be well-positioned to capitalize on the expected reacceleration of EV and charging station demand driven by return-to-office policies. The company also has the potential to benefit from the growing trend of EV makers adopting Tesla’s NACS port since more network operators may ask it to upgrade and retrofit their stations, leading to more realized revenues. Given the advantages of AC charging compared to DC charging, the company is not competing with Tesla in the EV charging scene, instead, both AC and DC chargers serve a need and can co-exist in the market.
NYSE:CHPT
by Penny_Stocks_Today
100 % more return potential with half the risk First of all if they raise the cash and reduce the convertible price it is very good for the balance sheet and debt situation, I agree it is dilutive but we talk already at 12 so we talk 300 % above current price before you worry about dilution for the convertible note !!!! selling shares at markets for so much is a good sign to me and give the company more flexibility , it also shows existing shareholders that institutional investors are taking huge risk in this company, why would they do if they did not think it has good upside ? Sure it is highly dilutive but hey I am entering now and the dilution effect is priced in at around 15-20 % reduce financial risk for a while Bought a 20 deep ITM long option strike 2 may 24 for 1,95 each so total 3900 dollar after fees and delta close two 1 so basically it is like owning 8000 dollar of chPT but half the downside risk I intend to sell OTM call at 80 delta so today I sold 20 contract call 5 @ 0,20 so 400 dollars in for 44 days Return of +- 10% each month if you keep repeating until exercise if you get exercise no worries bingo for you if you don't your return on the 3900 will be roughly 60-70% til May 24 PLUS THE CAPITAL APPRECIATION OVER 3,95 DOLLAR PER SHARE ON 2000 SHARES
NYSE:CHPT
by PhilippeDelpCFA
4