As of Friday close, EVgo Inc.’s (NASDAQ:EVGO) stock was down -$0.06, moving down -1.64 percent to $3.59. The average number of shares traded per day over the past five days has been 1,953,800 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.35 fall in that time frame. In the last twenty days, the average volume was 2,579,320, while in the previous 50 days, it was 3,475,180.
Since last month, EVGO stock retreated -9.57%. Shares of the company fell to $3.47 on 09/07/23, the lowest level in the past month. A 52-week high of $8.87 was reached on 03/31/23 after having rallying from a 52-week low of $3.45. Since the beginning of this year, EVGO’s stock price has dropped by -19.69% or -$0.88, and marked a new high 11 times. However, the stock has declined by -59.51% since its 52-week high.
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EVGO stock investors should be aware that EVgo Inc. (EVGO) stock had its last reported insider trading activity 44 days ago on Aug 10. Sullivan Francine, the CLO and General Counsel of the company, disposed of 600 shares for $4.74 on Aug 10. It resulted in a $2,844 divestment by the insider. Shevorenkova Olga sold 17,162 shares at an average price of $4.80 on Aug 09. The insider now owns 35,820 shares following the transaction. On Aug 08, Chief Operating Officer KISH DENNIS G sold 37,844 shares at $4.89 apiece. The transaction was valued at $185,057.
Financial Health
In the three months ended June 29, EVgo Inc.’s quick ratio stood at 3.70, while its current ratio was 3.70, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 1.10% percent. Based on annual data, EVGO earned -$5.65 million in gross profit and brought in $54.59 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 41.80%. Return on equity (ROE) for the past 12 months was 5.70%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. EVGO’s revenue rose 82.04% to $25.3 million during the quarter, while net income inched up to $50.55 million. While analysts expected EVgo Inc. to report -$0.27 quarterly earnings, the actual figure was -$0.08 per share, beating the consensus estimate by 70.40%. During the quarter, the company generated -$21.52 million in EBITDA. The liabilities of EVgo Inc. were 1.02 billion at the end of its most recent quarter ended June 29, and its total debt was $53.33 million. The value of shareholders’ equity is $299.19 million.
Technical Picture
This quick technical analysis looks at EVgo Inc.’s (EVGO) price momentum. With a historical volatility rate of 59.77%, the RSI 9-day stood at 36.73% on 22 September.
With respect to its five-day moving average, the current EVgo Inc. price is down by -8.88% percent or -$0.35. At present, EVGO shares trade -4.52% below its 20-day simple moving average and -36.80% percent below its 100-day simple moving average. However, the stock is currently trading approximately -17.28% below its SMA50 and -39.66% below its SMA200.
Stochastic coefficient K was 27.45% and Stochastic coefficient D was 36.46%, while ATR was 0.22. Given the Stochastic reading of 15.69% for the 14-day period, the RSI (14) reading has been calculated as 39.50%. As of today, the MACD Oscillator reading stands at -0.14, while the 14-day reading stands at -0.15.
Analyst Ratings
RBC Capital Mkts launched its rating on EVgo Inc. (NASDAQ: EVGO) to a Sector perform in a note to investors on September 08, 2023. EVgo Inc. (EVGO) has been rated Overweight by analysts. According to 0 brokerage firms, EVGO is a sell, and 7 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 0 analysts rate EVgo Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $7.00, the current consensus forecast for the stock is $1.00 – $12.00. Based on these forecasts, analysts predict EVgo Inc. (EVGO) will achieve an average price target of $6.75.
