Additionally, the 36-month beta value for EVGO is 2.46. 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.”
The public float for EVGO is 99.98M and currently, short sellers hold a 25.94% ratio of that float. The average trading volume of EVGO on October 07, 2024 was 5.24M shares.
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EVGO) stock’s latest price update
The stock price of EVgo Inc (NASDAQ: EVGO) has surged by 13.92 when compared to previous closing price of 6.32, but the company has seen a 71.84% gain in its stock price over the last five trading sessions. fool.com reported 2024-10-05 that Electric vehicle sales are slowing down as supply chain shortages ease in the auto industry.
EVGO’s Market Performance
EVGO’s stock has risen by 71.84% in the past week, with a monthly rise of 72.25% and a quarterly rise of 155.32%. The volatility ratio for the week is 15.66% while the volatility levels for the last 30 days are 9.08% for EVgo Inc The simple moving average for the past 20 days is 67.70% for EVGO’s stock, with a 149.06% simple moving average for the past 200 days.
Analysts’ Opinion of EVGO
Many brokerage firms have already submitted their reports for EVGO stocks, with TD Cowen repeating the rating for EVGO by listing it as a “Buy.” The predicted price for EVGO in the upcoming period, according to TD Cowen is $7 based on the research report published on October 03, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see EVGO reach a price target of $7. The rating they have provided for EVGO stocks is “Overweight” according to the report published on October 03rd, 2024.
UBS gave a rating of “Neutral” to EVGO, setting the target price at $4 in the report published on July 22nd of the current year.
EVGO Trading at 77.85% 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 able to rebound, for now settling with 10.94% of gains for the given period.
Volatility was left at 9.08%, however, over the last 30 days, the volatility rate increased by 15.66%, as shares surge +82.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +98.90% upper at present.
During the last 5 trading sessions, EVGO rose by +71.84%, which changed the moving average for the period of 200-days by +105.71% in comparison to the 20-day moving average, which settled at $4.46. In addition, EVgo Inc saw 101.12% 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 3.32. 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
