EVgo Inc. (NASDAQ:EVGO) saw an upside of 17.29% to close Monday at $6.24 after adding $0.92 on the day. The 5-day average trading volume is 3,824,080 shares of the company’s common stock. It has gained $6.33 in the past week and touched a new high 3 times within the past 5 days. An average of 3,782,305 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,661,908.
EVGO’s 1-month performance is 40.54% or $2.15 on its low of $3.64 reached on 01/06/23. The company’s shares have touched a 52-week low of $3.64 and high of $14.23, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, EVGO has achieved 39.60% or $1.77 and has reached a new high 6 times. However, the current price is down -56.15% from the 52-week high price.
EVGO stock investors last saw insider trading activity on Aug 16.Levy Jonathan Maier (Chief Commercial Officer) most recently sold 10,000 shares at $12.04 per share on Aug 16. This transaction cost the insider $120,400. Chief Financial Officer, Shevorenkova Olga, sold 34,463 shares at a price of $11.95 on Aug 16. Then, on Aug 15, Chief Executive Officer Zoi Catherine sold 42,083 shares at a price of $11.52 per share. This transaction amounted to $484,796.
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 46.83.
EVgo Inc.’s quick ratio for the period ended September 29 was 4.30, with the current ratio over the same period at 4.30. In terms of profitability, the gross margin trailing 12 months is -18.50%. The firm’s gross profit as reported stood at -$6.83 million against revenue of $22.21 million.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 146.37% to -$13.22 million, while revenue of $4.48 million was 133.89% off the previous quarter. Analysts expected EVGO to announce -$0.15 per share in earnings in its latest quarter, but it posted -$0.19, representing a -26.70% surprise. EBITDA for the quarter stood at more than -$30.34 million. EVGO stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 1.76 billion, with total debt at $43.03 million. Shareholders hold equity totaling $265.16 million.
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 23 January was 68.69% to suggest the stock is trending Neutral, with historical volatility in this time period at 138.99%.
The stock’s 5-day moving average is $5.62, reflecting a +6.48% or $0.38 change from its current price. EVGO is currently trading +42.47% above its 20-day SMA, -32.69% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -8.64% and SMA200 by-53.64%.
Stochastic %K and %D was 76.03% and 75.18% and the average true range (ATR) pointed at 0.55. The RSI (14) points at 63.07%, while the 14-day stochastic is at 96.65% with the period’s ATR at 0.50. The stock’s 9-day MACD Oscillator is pointing at 0.06 and 0.63 on the 14-day charts.
In the most recent analyst report for EVgo Inc. (NASDAQ: EVGO), Jefferies launched coverage with a Hold 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 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 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 $6.20 and a high of $21.00, with their median price target at $9.50. Looking at these predictions, the average price target given by analysts is for EVgo Inc. (EVGO) stock is $10.52.