The stock of EVgo Inc (EVGO) has seen a 3.33% increase in the past week, with a -29.32% drop in the past month, and a -39.72% decrease in the past quarter. The volatility ratio for the week is 5.34%, and the volatility levels for the past 30 days are at 7.48% for EVGO. The simple moving average for the last 20 days is -13.63% for EVGO stock, with a simple moving average of 7.47% for the last 200 days.
Is It Worth Investing in EVgo Inc (NASDAQ: EVGO) Right Now?
Company’s 36-month beta value is 2.36.Analysts have differing opinions on the stock, with 8 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 1 as “sell.”
The public float for EVGO is 100.66M, and currently, short sellers hold a 35.88% ratio of that floaft. The average trading volume of EVGO on January 07, 2025 was 8.39M shares.
EVGO) stock’s latest price update
The stock of EVgo Inc (NASDAQ: EVGO) has increased by 0.46 when compared to last closing price of 4.32. Despite this, the company has experienced a 3.33% gain in its stock price over the last five trading sessions. fool.com reported 2024-12-21 that EVgo (EVGO 1.87%), a leading builder of EV charging networks, went public in July 2021 by merging with a special purpose acquisition company (SPAC). The combined company’s stock opened at $15.05 on its first day, but it now trades at about $4.
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 “Buy.” The predicted price for EVGO in the upcoming period, according to UBS is $8.50 based on the research report published on October 10, 2024 of the previous year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see EVGO reach a price target of $7, previously predicting the price at $5. The rating they have provided for EVGO stocks is “Buy” according to the report published on October 03rd, 2024.
JP Morgan gave a rating of “Overweight” to EVGO, setting the target price at $7 in the report published on October 03rd of the previous year.
EVGO Trading at -27.50% 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 -52.15% of loss for the given period.
Volatility was left at 7.48%, however, over the last 30 days, the volatility rate increased by 5.34%, as shares sank -30.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -45.82% lower at present.
During the last 5 trading sessions, EVGO rose by +3.33%, which changed the moving average for the period of 200-days by +76.42% in comparison to the 20-day moving average, which settled at $5.03. In addition, EVgo Inc saw 7.16% 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 KISH DENNIS G, who sale 17,379 shares at the price of $4.32 back on Jan 03 ’25. After this action, KISH DENNIS G now owns 13,655 shares of EVgo Inc, valued at $75,015 using the latest closing price.
KISH DENNIS G, the Officer of EVgo Inc, proposed sale 17,379 shares at $4.20 during a trade that took place back on Jan 03 ’25, which means that KISH DENNIS G is holding shares at $72,992 based on the most recent closing price.
Stock Fundamentals for EVGO
Current profitability levels for the company are sitting at:
- -0.58 for the present operating margin
- 0.05 for the gross margin
The net margin for EVgo Inc stands at -0.28. The total capital return value is set at -0.2.
Currently, EBITDA for the company is -83.46 million with net debt to EBITDA at 0.95. When we switch over and look at the enterprise to sales, we see a ratio of 5.22. The receivables turnover for the company is 6.76for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.19.
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.
