A Technical View of the EVgo Inc. (EVGO)

EVgo Inc. (NASDAQ:EVGO) saw an upside of 2.81% to close Tuesday at $8.04 after adding $0.22 on the day. The 5-day average trading volume is 1,673,720 shares of the company’s common stock. It has gained $8.14 in the past week. An average of 3,139,960 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,140,224.

EVGO’s 1-month performance is -2.90% or -$0.42 on its low of $7.17 reached on 09/20/21. The company’s shares have touched a 52-week low of $7.17 and high of $24.34. YTD, EVGO has lost -24.93% or -$2.67. However, the current price is down -66.97%% from the 52-week high price.


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Valuation Metrics

EVgo Inc. (EVGO) has a trailing price-to-earnings (P/E) ratio of 21.00 for the broader industry and 30.86 for the sector.EVGO stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 129.02 while the price-to-book (PB) in the most recent quarter is 1.74.

EVgo Inc.’s quick ratio for the period ended June 29 was 42.80, with the current ratio over the same period at 42.80 meaning that EVGO stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00.

Earnings Surprise

For the quarterly period ending June 29 this year, Analysts expected EVGO to announce -$0.07 per share in earnings in its latest quarter, but it posted -$0.15, representing a -114.30% surprise. EVGO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 489.48 million, with total debt at $59.58 million. Shareholders hold equity totaling $264.54 million

Technical Picture

Let’s look briefly at EVgo Inc. (EVGO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 47.84% to suggest the stock is trending Neutral, with historical volatility in this time period at 38.07%.

The stock’s 5-day moving average is $7.82, reflecting a -0.50% or -$0.04 change from its current price. EVGO is currently trading +0.63% above its 20-day SMA, -29.90% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -19.28% and -26.43% respectively.

Stochastic %K and %D was 15.50% and 18.13% and the average true range (ATR) pointed at 0.44. The RSI (14) points at 45.30%, while the 14-day stochastic is at 25.77% with the period’s ATR at 0.48. The stock’s 9-day MACD Oscillator is pointing at -0.11 and -0.39 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for EVgo Inc. (NASDAQ: EVGO), Credit Suisse launched coverage with an Outperform rating. Analysts offering their rating for EVGO stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate EVGO as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.

What is EVGO’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $10.00 and a high of $21.00, with their median price target at $14.50. Looking at these predictions, the average price target given by analysts is for EVgo Inc. (EVGO) stock is $14.83.

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