EVgo Inc. (NASDAQ: EVGO) has experienced a decline in its stock price by -0.26 compared to its previous closing price of 3.89. However, the company has seen a fall of -16.74% in its stock price over the last five trading days. Barron’s reported on 03/30/23 that EVgo Crushes Sales Estimates and Guidance Is OK. The Stock Is Rising.
Is It Worth Investing in EVgo Inc. (NASDAQ: EVGO) Right Now?
There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 0 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
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The average price estimated by analysts for EVGO is $8.09, which is $4.44 above than the current price. The public float for EVGO is 68.45M, and at present, short sellers hold a 32.75% of that float. The average trading volume of EVGO on May 25, 2023 was 2.62M shares.
EVGO’s Market Performance
EVGO stock saw a decrease of -16.74% in the past week, with a monthly decline of -32.76% and a quarterly a decrease of -38.02%. The volatility ratio for the week is 6.55%, and the volatility levels for the last 30 days are 5.94% for EVgo Inc. (EVGO). The simple moving average for the last 20 days is -29.10% for EVGO’s stock, with a simple moving average of -42.55% for the last 200 days.
EVGO Trading at -33.85% from the 50-Day Moving Average
After a stumble in the market that brought EVGO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -69.33% of loss for the given period.
Volatility was left at 5.94%, however, over the last 30 days, the volatility rate increased by 6.55%, as shares sank -34.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.45% lower at present.
During the last 5 trading sessions, EVGO fell by -16.74%, which changed the moving average for the period of 200-days by -60.08% in comparison to the 20-day moving average, which settled at $5.37. In addition, EVgo Inc. saw -13.20% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EVGO starting from Nanus David, who purchase 5,882,352 shares at the price of $4.25 back on May 22. After this action, Nanus David now owns 5,882,352 shares of EVgo Inc., valued at $24,999,996 using the latest closing price.
Shevorenkova Olga, the Chief Financial Officer of EVgo Inc., sale 34,463 shares at $11.95 during a trade that took place back on Aug 16, which means that Shevorenkova Olga is holding 0 shares at $411,833 based on the most recent closing price.
Stock Fundamentals for EVGO
Current profitability levels for the company are sitting at:
- -273.88 for the present operating margin
- -41.75 for the gross margin
The net margin for EVgo Inc. stands at -51.04. Equity return is now at value 3.40, with -3.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.14.
Conclusion
In summary, EVgo Inc. (EVGO) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
