EVgo Inc (NASDAQ: EVGO)’s stock price has decreased by -8.06 compared to its previous closing price of 4.53. However, the company has seen a -4.47% decrease in its stock price over the last five trading sessions. invezz.com reported 2024-08-30 that Electric Vehicle (EV) stocks have largely diverged this year, with Blink Charging (BLNK) and ChargePoint (CHPT) falling by over 46% and 20.5% this year while EVGo (EVGO) has risen by more than 25%.
Is It Worth Investing in EVgo Inc (NASDAQ: EVGO) Right Now?
Moreover, the 36-month beta value for EVGO is 2.60. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for EVGO is 99.94M and currently, short sellers hold a 27.54% of that float. On September 04, 2024, EVGO’s average trading volume was 3.40M shares.
EVGO’s Market Performance
EVGO’s stock has seen a -4.47% decrease for the week, with a 10.48% rise in the past month and a 113.59% gain in the past quarter. The volatility ratio for the week is 8.04%, and the volatility levels for the past 30 days are at 8.27% for EVgo Inc The simple moving average for the past 20 days is 7.10% for EVGO’s stock, with a 50.97% simple moving average for the past 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 19.50% 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 -11.38% of loss for the given period.
Volatility was left at 8.27%, however, over the last 30 days, the volatility rate increased by 8.04%, as shares surge +11.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +105.17% upper at present.
During the last 5 trading sessions, EVGO fell by -4.47%, which changed the moving average for the period of 200-days by +33.07% in comparison to the 20-day moving average, which settled at $3.91. In addition, EVgo Inc saw 16.34% 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 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 1.75. 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
To wrap up, the performance of EVgo Inc (EVGO) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
