The Vanguard Group, Inc. has recently announced that it has increased stake in EVgo Inc (NASDAQ:EVGO) by 4.38%. After grabbing 9.33 million shares, the institutional investor is now in possession of 0.39 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 9.03% having worth around $19.27 million. Moreover, BlackRock Fund Advisors increased its share by 1.46 million to have a control over 6.64 million shares. And Pictet Asset Management SA raised its holdings to 2.74 million shares by acquiring 2.74 million shares or 2.66% of the stake.
EVgo Inc (EVGO) concluded trading on 12/14/23 at a closing price of $3.59, with 5.54 million shares of worth about $19.88 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.41% during that period and on Thursday the price saw a gain of about 11.49%. Currently the company’s common shares owned by public are about 103.55M shares, out of which, 97.08M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 29 times over the past 12 months. They bought 6,427,786 shares in 19 of the transactions. In 10 selling transactions, insiders dumped 210,950 shares.
Vanguard Total Stock Market ETF, Vanguard Small Cap Index Fund, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in EVgo Inc Vanguard Total Stock Market ETF is currently holding 3.18 million shares of worth totaling $6.56 million. The company recently came buying 0.0 shares which brought its stake up to 3.08% of the company’s outstanding shares. Vanguard Small Cap Index Fund bought 1224.0 shares, after which its hold over company’s outstanding shares expand to 2.44%, leaving 2.52 million shares with the mutual fund that have a worth of about $5.21 million. iShares Russell 2000 ETF, after selling 2.35 million shares, have now control over 2.27% of the stake in the company. It holds 23600.0 shares of worth $4.85 million.
However, the stock later moved at a day high price of 3.6300, or with a gain of 11.49%. Stock saw a price change of 18.87% in past 5 days and over the past one month there was a price change of 14.70%. Year-to-date (YTD), EVGO shares are showing a performance of -19.69% which decreased to -33.89% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.88 but also hit the highest price of $8.16 during that period. The average intraday trading volume for EVgo Inc shares is 2.96 million. The stock is currently trading 16.22% above its 20-day simple moving average (SMA20), while that difference is up 27.28% for SMA50 and it goes to -16.46% lower than SMA200.
The Vanguard Group, Inc. acquired 9.33 million shares of EVgo Inc having value of about $19.27 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.39 million shares in the company valued at close to $1406612.26, or have control over 4.38% stake in the company. EVgo Inc (NASDAQ: EVGO) currently have 103.55M outstanding shares and institutions hold larger chunk of about 47.13% of that. Holding of mutual funds in the company is about 26.13% while other institutional holders and individual stake holders have control over 6.31% and 21.54% of the stake respectively.
The stock has a current market capitalization of $371.74M and its 3Y-monthly beta is at 2.42. It has posted earnings per share of -$0.42 in the same period. It has Quick Ratio of 3.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EVGO, volatility over the week remained 7.14% while standing at 7.87% over the month.
Analysts are in expectations that EVgo Inc (EVGO) stock would likely to be making an EPS of $EVgo Inc. in the current quarter, while forecast for next quarter EPS is $3.59 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Eldorado Gold Corporation which is $Evelo Biosciences, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Evotec SE in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -50.53% while it is estimated to increase by 9.84% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on October 25, 2023 offering a Market perform rating for the stock and assigned a target price range of between $6 and $4 to it.
