The stock of EVgo Inc (NASDAQ: EVGO) has decreased by -5.42 when compared to last closing price of 3.78.Despite this, the company has seen a loss of -2.85% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-17 that EVgo shows impressive revenue growth and network expansion, but profitability remains elusive. The company faces challenges in charging infrastructure costs and stiff competition from established players like Tesla and ChargePoint. The EV charging market’s growth is tied to overall EV adoption, which is currently experiencing a slowdown. EVgo’s future success depends on overcoming infrastructure installation costs and navigating economic uncertainties. Despite strong sales, EVgo’s valuation remains high compared to peers. With a target price of $4.2-$4.4 per share, reflecting current levels, the stock is rated as a Hold pending future.
Is It Worth Investing in EVgo Inc (NASDAQ: EVGO) Right Now?
Company’s 36-month beta value is 2.58.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for EVGO is 99.94M, and currently, short sellers hold a 30.31% ratio of that floaft. The average trading volume of EVGO on August 20, 2024 was 3.41M shares.
EVGO’s Market Performance
The stock of EVgo Inc (EVGO) has seen a -2.85% decrease in the past week, with a 1.56% rise in the past month, and a 71.88% gain in the past quarter. The volatility ratio for the week is 6.65%, and the volatility levels for the past 30 days are at 10.28% for EVGO. The simple moving average for the last 20 days is -3.64% for EVGO’s stock, with a simple moving average of 33.21% 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 14.85% 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 -23.94% of loss for the given period.
Volatility was left at 10.28%, however, over the last 30 days, the volatility rate increased by 6.65%, as shares sank -3.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +75.25% upper at present.
During the last 5 trading sessions, EVGO fell by -2.85%, which changed the moving average for the period of 200-days by +68.63% in comparison to the 20-day moving average, which settled at $3.70. In addition, EVgo Inc saw -0.14% 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 12,584 shares at the price of $3.60 back on Aug 12 ’24. After this action, Sullivan Francine now owns 117,327 shares of EVgo Inc, valued at $45,277 using the latest closing price.
KISH DENNIS G, the President of EVgo Inc, sale 16,414 shares at $3.60 during a trade that took place back on Aug 12 ’24, which means that KISH DENNIS G is holding 47,614 shares at $59,102 based on the most recent closing price.
Stock Fundamentals for EVGO
Current profitability levels for the company are sitting at:
- -0.66 for the present operating margin
- 0.01 for the gross margin
The net margin for EVgo Inc stands at -0.2. The total capital return value is set at -0.2.
Based on EVgo Inc (EVGO), the company’s capital structure generated 0.85 points at debt to capital in total, while cash flow to debt ratio is standing at -0.26. The debt to equity ratio resting at 5.86. The interest coverage ratio of the stock is -6.47.
Currently, EBITDA for the company is -112.94 million with net debt to EBITDA at 1.06. When we switch over and look at the enterprise to sales, we see a ratio of 1.46. The receivables turnover for the company is 4.31for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.50.
Conclusion
In a nutshell, EVgo Inc (EVGO) has experienced a mixed performance in recent times. The stock has received mixed “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.
