EVgo Inc. (NASDAQ:EVGO) finished Thursday with a subtraction of -$0.02 to close at $4.73, a downside of -0.42 percent. An average of 4,874,660 shares of common stock have been traded in the last five days. There was a fall of -$0.43 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 4,830,750 shares traded, while the 50-day average volume stands at 4,607,146.
EVGO stock has increased by 10.26% in the last month. The company shares reached their 1-month lowest point of $4.01 on 07/26/23. With the stock rallying to its 52-week high on 03/31/23, shares of the company touched a low of $3.45 and a high of $12.65 in 52 weeks. It has reached a new high 11 times so far this year and achieved 5.82% or $0.26 in price. In spite of this, the price is down -62.61% from the 52-week high.
Insider Transactions
EVGO stock investors should be aware that EVgo Inc. (EVGO) stock had its last reported insider trading activity 2 days ago on Aug 09. In this transaction, the insider spent $82,378. Chief Operating Officer, KISH DENNIS G, disposed of 37,844 shares at a price of $4.89 on Aug 08. The insider now owns more than $185,057 worth of shares. Prior to that, Chief Financial Officer Shevorenkova Olga went on to Sale 5,838 shares at $5.00 each on Aug 08. An amount of $29,190 was transacted.
Valuation Metrics
EVgo Inc. (EVGO) stock’s beta is 1.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 12.20.
Financial Health
The quick ratio of EVgo Inc. for the three months ended June 29 was 2.40, and the current ratio was 2.40, indicating that the company is able to meet its debt obligations. EVgo Inc.’s EBITDA margin for the year ending June 29 is -208.08%. Its gross profit as reported stood at -$5.65 million compared to revenue of $54.59 million.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$7.03 million in the quarter, while revenues were grew 163.73%. The analyst consensus anticipated EVgo Inc.’s latest quarter earnings to come in at -$0.27 per share, but it turned out to be -$0.08, a 70.40% surprise. For the quarter, EBITDA amounted to -$21.52 million. Shareholders own equity worth $299.19 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 10 August was 55.27%, suggesting the stock is Neutral, with historical volatility in this time frame at 117.19%.
As of today, EVGO’s price is $4.89 -8.33% or -$0.43 from its 5-day moving average. EVGO is currently trading +8.99% higher than its 20-day SMA and -14.00% lower than its 100-day SMA. However, the stock’s current price level is +18.55% above the SMA50 and -36.42% below the SMA200.
The stochastic %K and %D were 41.07% and 44.67%, respectively, and the average true range (ATR) was 0.41. With the 14-day stochastic at 37.11% and the average true range at 0.38, the RSI (14) stands at 55.27%. The stock has reached 0.07 on the 9-day MACD Oscillator while the 14-day reading was at 0.29.
Analyst Ratings
Stifel launched coverage on EVgo Inc. (NASDAQ: EVGO) in its analyst report released on May 17, 2023. The firm assigned the stock a Buy 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 2 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 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 $1.00 and $12.00, with a median target of $7.00. Taking a look at these predictions, the average price target given by analysts for EVgo Inc. (EVGO) stock is $6.93.
