The Insider Activity Of EVgo Inc. (EVGO) Is Worth Monitoring

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EVgo Inc. (NASDAQ:EVGO) traded with an addition of $0.52 to close at $4.53 on Friday, an upside of 12.84 percent. An average of 3,261,273 shares of common stock have been traded in the last five days. There was a gain of $0.45 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 2,526,793 shares traded, while the 50-day average volume stands at 2,019,115.

EVGO stock has decreased by -34.05% in the last month. The company shares reached their 1-month lowest point of $3.65 on 12/29/22. With the stock rallying to its 52-week high on 04/04/22, shares of the company touched a low of $3.65 and a high of $14.23 in 52 weeks. It has reached a new high 10 times so far this year and lost -59.66% or -$5.35 in price. In spite of this, the price is down -68.20% from the 52-week high.


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Insider Transactions

EVGO stock investors should be aware that EVgo Inc. (EVGO) stock had its last reported insider trading activity 136 days ago on Aug 16. In this transaction, the insider spent $120,400. Chief Financial Officer, Shevorenkova Olga, disposed of 34,463 shares at a price of $11.95 on Aug 16. The insider now owns more than $411,833 worth of shares. Prior to that, Chief Executive Officer Zoi Catherine went on to Sale 42,083 shares at $11.52 each on Aug 15. An amount of $484,796 was transacted.

Financial Health

The quick ratio of EVgo Inc. for the three months ended September 29 was 4.30, and the current ratio was 4.30, indicating that the company is able to meet its debt obligations. Its gross profit as reported stood at -$6.83 million compared to revenue of $22.21 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, EVgo Inc.’s return on assets was -4.70%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$13.22 million in the quarter, while revenues of $4.48 million were grew 146.37%. The analyst consensus anticipated EVgo Inc.’s latest quarter earnings to come in at -$0.15 per share, but it turned out to be -$0.19, a -26.70% surprise. For the quarter, EBITDA amounted to -$30.34 million. Shareholders own equity worth $265.16 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at EVgo Inc. (EVGO) price momentum. RSI 9-day as of the close on 29 December was 45.77%, suggesting the stock is Neutral, with historical volatility in this time frame at 115.46%.

As of today, EVGO’s price is $4.03 +11.02% or $0.45 from its 5-day moving average. EVGO is currently trading -24.59% lower than its 20-day SMA and -50.49% lower than its 100-day SMA. However, the stock’s current price level is -37.70% below the SMA50 and -61.82% below the SMA200.

The stochastic %K and %D were 18.42% and 9.71%, respectively, and the average true range (ATR) was 0.36. With the 14-day stochastic at 39.29% and the average true range at 0.36, the RSI (14) stands at 39.60%. The stock has reached -0.13 on the 9-day MACD Oscillator while the 14-day reading was at -0.55.

Analyst Ratings

Jefferies launched coverage on EVgo Inc. (NASDAQ: EVGO) in its analyst report released on July 07, 2022. The firm assigned the stock a Hold rating. The consensus rating for EVgo Inc. (EVGO) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EVGO, while 6 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.

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

Analysts predict a range of price targets between $6.20 and $21.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for EVgo Inc. (EVGO) stock is $10.65.

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