EVgo Inc (NASDAQ: EVGO) Not A Good Play Anymore?

EVgo Inc (EVGO) concluded trading on Wednesday at a closing price of $3.45, with 4.91 million shares of worth about $16.93 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -31.82% during that period and on May 21, 2025 the price saw a loss of about -7.26%. Currently the company’s common shares owned by public are about 133.31M shares, out of which, 126.63M shares are available for trading.

Stock saw a price change of -14.81% in past 5 days and over the past one month there was a price change of 34.77%. Year-to-date (YTD), EVGO shares are showing a performance of -14.81% which increased to 51.32% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.92 but also hit the highest price of $9.07 during that period. The average intraday trading volume for EVgo Inc shares is 4.23 million. The stock is currently trading 2.77% above its 20-day simple moving average (SMA20), while that difference is up 18.43% for SMA50 and it goes to -20.05% lower than SMA200.

EVgo Inc (NASDAQ: EVGO) currently have 133.31M outstanding shares and institutions hold larger chunk of about 69.34% of that.

The stock has a current market capitalization of $1.06B and its 3Y-monthly beta is at 2.33. It has posted earnings per share of -$0.40 in the same period. It has Quick Ratio of 2.06. 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 6.24% while standing at 7.70% over the month.

Stock’s fiscal year EPS is expected to rise by 19.20% while it is estimated to increase by 19.33% in next year. EPS is likely to grow at an annualized rate of 30.49% for next 5-years, compared to annual growth of -85.31% made by the stock over the past 5-years.

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 UBS on October 10, 2024 offering a Buy rating for the stock and assigned a target price range of between $4 and $8.50 to it. Coverage by TD Cowen stated EVgo Inc (EVGO) stock as a Buy in their note to investors on October 03, 2024, suggesting a price target of $7 for the stock. On October 03, 2024, JP Morgan Upgrade their recommendations, while on July 22, 2024, UBS Initiated their ratings for the stock with a price target of $4. Stock get a Buy rating from The Benchmark Company on June 05, 2024.

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