CHARGEPOINT HOLDINGS (CHPT)

Company Background
Chargepoint, launched in 2007, has a staunch resolve to make it easy and more efficient for companies and drivers to go electric. Chargepoint has established the current, largest Electric Vehicle (EV) charging network and the best charging solution obtainable in the world today.
The cutting-edge charging hardware and cloud subscription platforms that Chargepoint boasts of place them in a position that makes it possible to provide the best charging alternative for electric vehicles.

Presently, one Chargepoint account provides access to hundreds of thousands of charging locations in North America and Europe. This company is fast creating a modern fueling system that transports people and goods via electricity.

Current Price and Analyst Predictions
The current price of CHPT is $28.33. However, analysts have an average price target of $42.67, with a high forecast of $46.00 and a low forecast of $39.00. The average price target depicts about a 50.61% increase from the current price of $28.33.

Financials and Technical Analysis

Valuation
Market Capitalization: 1.157B
Enterprise Value (MRQ): 1.575B
Enterprise Value/EBITDA (TTM) —
Total Shares Outstanding (MRQ): 39.265M
Price to Book (FY): 3.3556
Price to Sales (FY): —

Balance Sheet
Quick Ratio (MRQ): 0.0591
Current Ratio (MRQ): 0.0591
Debt to Equity Ratio (MRQ): 0.0043
Net Debt (MRQ): 1.168M
Total Debt (MRQ): 1.279M
Total Assets (MRQ): 317.342M

Operating Metrics
Return on Assets (TTM): -0.0157
Return on Equity (TTM): -0.0165
Return on Invested Capital (TTM): -0.0165
Revenue per Employee (TTM): 0

Price History
52 Week High: 38.5000
52 Week Low: 28

Income Statement
Basic EPS (FY): -0.1271
Basic EPS (TTM): -0.1271
EPS Diluted (FY): -0.1271
Net Income (FY): -4.991M
EBITDA (TTM): -5.949M
Free Cash Flow (TTM): 2.125M

Technical Analysis
50 Day Moving Average: 37.97
100-Day Moving Average: 31.33
200 Day Moving Average: 21.11
52 Week Change: 157.57%

Chargepoint is funded by 27 investors, with Canada Pension Plan Investment Board and Clearvision Ventures being the most recent investors. According to PrivCo, ChargePoint has a post-money valuation in the range of $1B to $10B as of Aug 5, 2020.

Recent News and Saga About CHPT
Recently, Chargepoint became the first publicly traded electric vehicle charging network after their most recent acquisition of Switchback Energy Acquisition Corp on Sep 24, 2020, and the completion of a $2.4 billion SPAC deal. However, to date, it is yet to be confirmed if the big banks or Wall Street has any investment in CHPT.

Since we are tilting towards an eco-friendly world, many American citizens believe that both electric vehicles and the charging mechanism Chargepoint is providing will thrive even in the long-term.

Why CHPT Might be a Good Investment
If you are looking to invest in good and very safe stocks, CHPT could be one of the select few stocks that can boost your portfolio at the moment and in years to come. The reason behind this claim is not far-fetched. Investing in Chargepoint enables you to benefit and make a substantial profit from the EV trend no matter the manufacturer that comes out top. This is because all EV manufacturers will definitely need an EV charging infrastructure. Chargepoint is an obvious big player in this niche. As such you can easily leverage the electric vehicle trend that has come to stay.