The stock of EVgo Inc (NASDAQ: EVGO) has decreased by -2.82 when compared to last closing price of 3.54.Despite this, the company has seen a loss of -14.21% in its stock price over the last five trading days. investorplace.com reported 2024-07-17 that There are a few reasons I’m bullish on EV charging stocks for growing one’s wealth this year and the future. One big reason is that EV charging stocks are releasing technologies to make their processes more efficient.
Is It Worth Investing in EVgo Inc (NASDAQ: EVGO) Right Now?
Additionally, the 36-month beta value for EVGO is 2.57. 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.”
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The public float for EVGO is 99.45M and currently, short sellers hold a 31.82% ratio of that float. The average trading volume of EVGO on July 22, 2024 was 3.57M shares.
EVGO’s Market Performance
EVGO stock saw an increase of -14.21% in the past week, with a monthly gain of 75.51% and a quarterly increase of 98.84%. The volatility ratio for the week is 11.46%, and the volatility levels for the last 30 days are 10.01% for EVgo Inc (EVGO). The simple moving average for the past 20 days is 16.05% for EVGO’s stock, with a 33.32% simple moving average for the past 200 days.
Analysts’ Opinion of EVGO
The Benchmark Company, on the other hand, stated in their research note that they expect to see EVGO reach a price target of $3. The rating they have provided for EVGO stocks is “Buy” according to the report published on June 05th, 2024.
Cantor Fitzgerald gave a rating of “Overweight” to EVGO, setting the target price at $4 in the report published on May 09th of the current year.
EVGO Trading at 41.14% 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 -42.18% of loss for the given period.
Volatility was left at 10.01%, however, over the last 30 days, the volatility rate increased by 11.46%, as shares surge +67.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +94.86% upper at present.
During the last 5 trading sessions, EVGO fell by -14.96%, which changed the moving average for the period of 200-days by +8.95% in comparison to the 20-day moving average, which settled at $3.03. In addition, EVgo Inc saw -3.91% 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 Lee Stephanie, who sale 2,477 shares at the price of $2.34 back on Jul 02 ’24. After this action, Lee Stephanie now owns 28,753 shares of EVgo Inc, valued at $5,796 using the latest closing price.
Sullivan Francine, the Chief Legal Officer of EVgo Inc, sale 11,634 shares at $1.99 during a trade that took place back on Jun 03 ’24, which means that Sullivan Francine is holding 102,554 shares at $23,140 based on the most recent closing price.
Stock Fundamentals for EVGO
Current profitability levels for the company are sitting at:
- -0.73 for the present operating margin
- 0.03 for the gross margin
The net margin for EVgo Inc stands at -0.21. The total capital return value is set at -0.2.
Based on EVgo Inc (EVGO), the company’s capital structure generated 0.75 points at debt to capital in total, while cash flow to debt ratio is standing at -0.42. The debt to equity ratio resting at 2.94. The interest coverage ratio of the stock is -6.58.
Currently, EBITDA for the company is -112.94 million with net debt to EBITDA at 1.21. When we switch over and look at the enterprise to sales, we see a ratio of 4.88. The receivables turnover for the company is 4.03for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.93.
Conclusion
In conclusion, EVgo Inc (EVGO) has seen mixed 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.