Look At Analyst Expectations For A Better Read On EVgo Inc (NASDAQ: EVGO)

Currently, there are 102.94M common shares owned by the public and among those 100.42M shares have been available to trade.

The company’s stock has a 5-day price change of -0.56% and 46.72% over the past three months. EVGO shares are trading 50.00% year to date (YTD), with the 12-month market performance up to 78.41% higher. It has a 12-month low price of $1.65 and touched a high of $9.07 over the same period. EVGO has an average intraday trading volume of 7.91 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -22.89%, -12.65%, and 50.67% respectively.

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Institutional ownership of EVgo Inc (NASDAQ: EVGO) shares accounts for 52.88% of the company’s 102.94M shares outstanding.

It has a market capitalization of $1.63B and a beta (3y monthly) value of 2.31. The earnings-per-share (ttm) stands at -$0.42. Price movements for the stock have been influenced by the stock’s volatility, which stands at 16.31% over the week and 9.95% over the month.

Analysts forecast that EVgo Inc (EVGO) will achieve an EPS of -0.1 for the current quarter, -0.08 for the next quarter and -0.32 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.1 while analysts give the company a high EPS estimate of -0.1. Comparatively, EPS for the current quarter was -0.02 a year ago. Earnings per share for the fiscal year are expected to increase by 11.13%, and 21.73% over the next financial year.

Looking at the support for the EVGO, a number of firms have released research notes about the stock. UBS stated their Buy rating for the stock in a research note on October 10, 2024, with the firm’s price target at $4-$8.50. TD Cowen coverage for the EVgo Inc (EVGO) stock in a research note released on October 03, 2024 offered a Buy rating with a price target of $7. JP Morgan was of a view on October 03, 2024 that the stock is Overweight, while UBS gave the stock Neutral rating on July 22, 2024, issuing a price target of $4. The Benchmark Company on their part issued Buy rating on June 05, 2024.

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