ChargePoint's Stock Is the Cheapest It's Ever Been. Here's 1 Thing to Know Before You Buy.
The current market downturn is surely rattling the nerves of many investors, but those who have endured bear markets in the past know that it's time like these where great buying opportunities emerge.One candidate, for example, is ChargePoint (NYSE: CHPT) stock, which has fallen 67% over the past year and now trades at a historically low valuation. Currently, it's changing hands at a price-to-sales ratio of a mere 0.64.But before investing in shares of this electric vehicle (EV) charging company, it's critical to be clear about one aspect of the company's financial situation.Continue reading
The current market downturn is surely rattling the nerves of many investors, but those who have endured bear markets in the past know that it's time like these where great buying opportunities emerge.
One candidate, for example, is ChargePoint (NYSE: CHPT) stock, which has fallen 67% over the past year and now trades at a historically low valuation. Currently, it's changing hands at a price-to-sales ratio of a mere 0.64.
But before investing in shares of this electric vehicle (EV) charging company, it's critical to be clear about one aspect of the company's financial situation.
