EVgo Inc (EVGO) vs. Its Peers: A Comparison

Additionally, the 36-month beta value for EVGO is 2.45. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

The public float for EVGO is 99.05M and currently, short sellers hold a 25.42% ratio of that float. The average trading volume of EVGO on April 02, 2024 was 2.87M shares.

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EVGO) stock’s latest price update

The stock price of EVgo Inc (NASDAQ: EVGO) has dropped by -4.44 compared to previous close of 2.41. Despite this, the company has seen a fall of -0.31% in its stock price over the last five trading days. InvestorPlace reported 2024-03-27 that Crisis may soon become an opportunity for EV charging stocks. Over the last few days, Shell (NYSE: SHEL ) announced it would divest about 1,000 gas stations and funnel its resources into expanding electric vehicle (EV) charging stations.

EVGO’s Market Performance

EVGO’s stock has fallen by -0.31% in the past week, with a monthly drop of -19.48% and a quarterly drop of -35.67%. The volatility ratio for the week is 7.64% while the volatility levels for the last 30 days are 7.71% for EVgo Inc The simple moving average for the past 20 days is -10.18% for EVGO’s stock, with a -29.71% 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 “Outperform.” The predicted price for EVGO in the upcoming period, according to RBC Capital Mkts is $4 based on the research report published on March 07, 2024 of the current year 2024.

Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see EVGO reach a price target of $5. The rating they have provided for EVGO stocks is “Neutral” according to the report published on March 07th, 2024.

TD Cowen gave a rating of “Market Perform” to EVGO, setting the target price at $4 in the report published on October 25th of the previous year.

EVGO Trading at -8.28% 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 -70.85% of loss for the given period.

Volatility was left at 7.71%, however, over the last 30 days, the volatility rate increased by 7.64%, as shares sank -19.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.91% lower at present.

During the last 5 trading sessions, EVGO fell by -0.87%, which changed the moving average for the period of 200-days by -44.69% in comparison to the 20-day moving average, which settled at $2.54. In addition, EVgo Inc saw -35.67% 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 1,400 shares at the price of $2.39 back on Mar 19 ’24. After this action, Sullivan Francine now owns 88,897 shares of EVgo Inc, valued at $3,340 using the latest closing price.

Shevorenkova Olga, the Chief Financial Officer of EVgo Inc, sale 750 shares at $2.43 during a trade that took place back on Mar 18 ’24, which means that Shevorenkova Olga is holding 81,241 shares at $1,824 based on the most recent closing price.

Stock Fundamentals for EVGO

Current profitability levels for the company are sitting at:

  • -0.94 for the present operating margin
  • 0.03 for the gross margin

The net margin for EVgo Inc stands at -0.49. The total capital return value is set at -0.21.

Based on EVgo Inc (EVGO), the company’s capital structure generated -0.73 points at debt to capital in total, while cash flow to debt ratio is standing at -0.54. The debt to equity ratio resting at -0.42. The interest coverage ratio of the stock is 7.19.

Currently, EBITDA for the company is -112.94 million with net debt to EBITDA at 1.55. When we switch over and look at the enterprise to sales, we see a ratio of 3.39. The receivables turnover for the company is 3.64for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.98.

Conclusion

In conclusion, EVgo Inc (EVGO) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.

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