Moreover, the 36-month beta value for EVGO is 1.96. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 0 as “sell.”
The average price recommended by analysts for EVgo Inc. (EVGO) is $6.75, which is $2.99 above the current market price. The public float for EVGO is 102.77M and currently, short sellers hold a 18.59% of that float. On September 19, 2023, EVGO’s average trading volume was 3.70M shares.
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EVGO) stock’s latest price update
EVgo Inc. (NASDAQ: EVGO) has seen a decline in its stock price by -5.33 in relation to its previous close of 3.94. However, the company has experienced a -0.53% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2023-09-18 that EVgo is well-positioned to benefit from the electrification wave in the U.S. with its comprehensive portfolio of EV charging offerings. But the strategy’s capital-intensive nature remains a burden on its profit profile and, inadvertently, valuation prospects. The recent development on EVgo’s prospects in front-running NEVI funding realization is expected to be a near-term respite for its ROI formula and should serve the stock well.
EVGO’s Market Performance
EVgo Inc. (EVGO) has experienced a -0.53% fall in stock performance for the past week, with a -10.77% drop in the past month, and a -15.03% drop in the past quarter. The volatility ratio for the week is 5.49%, and the volatility levels for the past 30 days are at 5.75% for EVGO. The simple moving average for the past 20 days is -5.83% for EVGO’s stock, with a -27.10% simple moving average for the past 200 days.
Analysts’ Opinion of EVGO
Many brokerage firms have already submitted their reports for EVGO stocks, with RBC Capital Mkts repeating the rating for EVGO by listing it as a “Sector Perform.” The predicted price for EVGO in the upcoming period, according to RBC Capital Mkts is $5 based on the research report published on September 08, 2023 of the current year 2023.
EVGO Trading at -11.74% 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 -62.25% of loss for the given period.
Volatility was left at 5.75%, however, over the last 30 days, the volatility rate increased by 5.49%, as shares sank -10.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.82% lower at present.
During the last 5 trading sessions, EVGO fell by -0.53%, which changed the moving average for the period of 200-days by -38.65% in comparison to the 20-day moving average, which settled at $3.94. In addition, EVgo Inc. saw -16.55% 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 Sullivan Francine, who sale 600 shares at the price of $4.74 back on Aug 10. After this action, Sullivan Francine now owns 55,246 shares of EVgo Inc., valued at $2,844 using the latest closing price.
Shevorenkova Olga, the Chief Financial Officer of EVgo Inc., sale 17,162 shares at $4.80 during a trade that took place back on Aug 09, which means that Shevorenkova Olga is holding 35,820 shares at $82,378 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 5.70, with -5.00 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 1.86, with the company’s debt to enterprise value settled at 0.05. The receivables turnover for the company is 3.33 and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.14.
Conclusion
To wrap up, the performance of EVgo Inc. (EVGO) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
