EVgo Inc (EVGO) concluded trading on Thursday at a closing price of $6.32, with 121.39 million shares of worth about $767.19 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 188.58% during that period and on October 03, 2024 the price saw a gain of about 60.81%. Currently the company’s common shares owned by public are about 102.94M shares, out of which, 99.98M shares are available for trading.
Stock saw a price change of 53.77% in past 5 days and over the past one month there was a price change of 51.20%. Year-to-date (YTD), EVGO shares are showing a performance of 76.54% which increased to 101.92% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.65 but also hit the highest price of $4.80 during that period. The average intraday trading volume for EVgo Inc shares is 3.38 million. The stock is currently trading 50.96% above its 20-day simple moving average (SMA20), while that difference is up 58.12% for SMA50 and it goes to 119.69% higher than SMA200.
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EVgo Inc (NASDAQ: EVGO) currently have 102.94M outstanding shares and institutions hold larger chunk of about 45.01% of that.
The stock has a current market capitalization of $675.17M and its 3Y-monthly beta is at 2.59. It has posted earnings per share of -$0.41 in the same period. It has Quick Ratio of 2.50 while making debt-to-equity ratio of 5.86. 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 11.79% while standing at 8.05% over the month.
Analysts are in expectations that EVgo Inc (EVGO) stock would likely to be making an EPS of -0.11 in the current quarter, while forecast for next quarter EPS is -0.12 and it is -0.35 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.29 which is 0.01 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 -0.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 6.41% while it is estimated to increase by 27.39% 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 Oct-04-24 offering a Buy rating for the stock and assigned a target price range of between $5 and $7 to it. Coverage by JP Morgan stated EVgo Inc (EVGO) stock as an Overweight in their note to investors on October 04, 2024, suggesting a price target of $7 for the stock. On July 22, 2024, UBS Initiated their recommendations, while on June 05, 2024, The Benchmark Company Initiated their ratings for the stock with a price target of $3. Stock get an Overweight rating from Cantor Fitzgerald on May 09, 2024.
