Is evgo and chpt a good investment today

EVgo (EVGO) and ChargePoint (CHPT) are not necessarily good investment options today, based on the following analysis:

1. Recent Stock Performance and Analyst Ratings:
   • EVgo has seen significant recent stock price movement, with a gap up after an analyst upgrade and a subsequent rise fueled by lower interest rates and positive EV sales. However, the stock's high RSI of 95.6 suggests it may be overbought.
   • ChargePoint's stock also experienced a rise, but with a lower RSI of 84.05, indicating it may not be as overbought as EVgo.
2. Technical Indicators:
   • Both stocks have shown strong momentum, with EVgo's KDJ indicator at 100.07, which typically indicates an overbought condition, and ChargePoint's at 105.79, suggesting they may be due for a pullback.
3. Moving Averages:
   • EVgo's 5-day moving average is above its 50-day moving average, which is a bullish signal, but its 10-day moving average is below the 50-day, indicating potential for a pullback.
   • ChargePoint's 5-day moving average is also above its 50-day, and its 10-day is below the 50-day, suggesting a similar potential for a pullback.
4. Fundamentals:
   • EVgo reported a revenue growth rate of 118.02% and a net income of -$28.19 million, with a negative EPS of $0.09.
   • ChargePoint reported a revenue growth rate of -17.68% and a net income of -$71.8 million, with a negative EPS of $0.17.

5. Valuation Metrics:
   • EVgo has a high P/E ratio of -30.83, which is not indicative of a healthy valuation, and a high P/S ratio of 5.48, suggesting it is not cheap relative to sales.
   • ChargePoint has a less extreme P/E ratio of -2.08 and a P/S ratio of 2.37, which are more reasonable but still negative, indicating it is not cheap either.

In conclusion, while both EVgo and ChargePoint have shown positive momentum and analyst interest, their high valuations,