The stock of EVgo Inc (NASDAQ: EVGO) has decreased by -1.29 when compared to last closing price of 3.89. Despite this, the company has experienced a 9.09% gain in its stock price over the last five trading sessions. proactiveinvestors.com reported 2024-07-23 that EVgo, a provider of direct current fast charging for electric vehicles, has earned a ‘Neutral’ rating and a $4 price target from UBS analysts in their initial coverage of the stock. Shares of EVgo traded hands at $3.65 in the early afternoon on Tuesday.
Is It Worth Investing in EVgo Inc (NASDAQ: EVGO) Right Now?
The 36-month beta value for EVGO is at 2.51. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for EVGO is 99.45M, and currently, shorts hold a 30.07% of that float. The average trading volume for EVGO on July 29, 2024 was 3.62M shares.
EVGO’s Market Performance
EVGO’s stock has seen a 9.09% increase for the week, with a 51.18% rise in the past month and a 112.15% gain in the past quarter. The volatility ratio for the week is 8.64%, and the volatility levels for the past 30 days are at 10.07% for EVgo Inc The simple moving average for the last 20 days is 15.94% for EVGO stock, with a simple moving average of 47.95% for the last 200 days.
Analysts’ Opinion of EVGO
Many brokerage firms have already submitted their reports for EVGO stocks, with UBS repeating the rating for EVGO by listing it as a “Neutral.” The predicted price for EVGO in the upcoming period, according to UBS is $4 based on the research report published on July 22, 2024 of the current year 2024.
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 47.10% 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 -35.46% of loss for the given period.
Volatility was left at 10.07%, however, over the last 30 days, the volatility rate increased by 8.64%, as shares surge +58.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +64.83% upper at present.
During the last 5 trading sessions, EVGO rose by +10.51%, which changed the moving average for the period of 200-days by +22.33% in comparison to the 20-day moving average, which settled at $3.38. In addition, EVgo Inc saw 7.26% in overturn over a single year, with a tendency to cut further gains.
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 5.54. 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 had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
