EVgo Inc. (NASDAQ:EVGO) finished Friday with an addition of $0.1 to close at $3.86, an upside of 2.66 percent. An average of 2,680,920 shares of common stock have been traded in the last five days. There was a fall of -$0.32 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 4,524,915 shares traded, while the 50-day average volume stands at 3,976,888.
EVGO stock has decreased by -5.16% in the last month. The company shares reached their 1-month lowest point of $3.72 on 08/25/23. 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 $10.55 in 52 weeks. It has reached a new high 11 times so far this year and lost -13.65% or -$0.61 in price. In spite of this, the price is down -63.41% 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 16 days ago on Aug 10. In this transaction, the insider spent $2,844. Chief Financial Officer, Shevorenkova Olga, disposed of 17,162 shares at a price of $4.80 on Aug 09. The insider now owns more than $82,378 worth of shares. Prior to that, Chief Operating Officer KISH DENNIS G went on to Sale 37,844 shares at $4.89 each on Aug 08. An amount of $185,057 was transacted.
Valuation Metrics
EVgo Inc. (EVGO) stock’s beta is 1.98. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 10.16.
Financial Health
The quick ratio of EVgo Inc. for the recent quarter was 3.70, and the current ratio was 3.70, indicating that the company is able to meet its debt obligations. EVgo Inc.’s EBITDA margin is -208.08%. Its gross profit as reported stood at -$5.65 million compared to revenue of $54.59 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 -5.00%.
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%. 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 25 August was 32.77%, suggesting the stock is Neutral, with historical volatility in this time frame at 34.57%.
As of today, EVGO’s price is $3.97 -7.66% or -$0.32 from its 5-day moving average. EVGO is currently trading -8.53% lower than its 20-day SMA and -46.39% lower than its 100-day SMA. However, the stock’s current price level is -6.76% below the SMA50 and -45.33% below the SMA200.
The stochastic %K and %D were 4.57% and 3.58%, respectively, and the average true range (ATR) was 0.27. With the 14-day stochastic at 10.81% and the average true range at 0.29, the RSI (14) stands at 38.47%. The stock has reached -0.21 on the 9-day MACD Oscillator while the 14-day reading was at -0.42.
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”.
