The stock of EVgo Inc (EVGO) has seen a -6.21% decrease in the past week, with a 9.09% gain in the past month, and a 76.62% flourish in the past quarter. The volatility ratio for the week is 7.47%, and the volatility levels for the past 30 days are at 8.08% for EVGO. The simple moving average for the last 20 days is -4.73% for EVGO stock, with a simple moving average of 43.72% for the last 200 days.
Is It Worth Investing in EVgo Inc (NASDAQ: EVGO) Right Now?
Additionally, the 36-month beta value for EVGO is 2.60. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
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The public float for EVGO is 99.98M and currently, short sellers hold a 26.21% ratio of that float. The average trading volume of EVGO on September 24, 2024 was 3.54M shares.
EVGO) stock’s latest price update
The stock price of EVgo Inc (NASDAQ: EVGO) has plunged by -2.86 when compared to previous closing price of 4.20, but the company has seen a -6.21% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-09-19 that LOS ANGELES–(BUSINESS WIRE)–EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced the appointment of Paul Dobson as Chief Financial Officer (CFO), effective October 1, 2024. Dobson has more than 30 years of professional experience in finance and operations roles – including in the energy sector, most recently serving as CFO of Ballard Power Solutions, a global provider of innovative clean ener.
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 3.26% 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 -15.00% of loss for the given period.
Volatility was left at 8.08%, however, over the last 30 days, the volatility rate increased by 7.47%, as shares sank -3.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.00% upper at present.
During the last 5 trading sessions, EVGO fell by -6.21%, which changed the moving average for the period of 200-days by +35.10% in comparison to the 20-day moving average, which settled at $4.28. In addition, EVgo Inc saw 13.97% 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 1.71. 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 conclusion, EVgo Inc (EVGO) has seen better 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.
