EVgo Inc (NASDAQ:EVGO) saw a downside of -5.68% to close Tuesday at $3.32 after subtracting -$0.2 on the day. The 5-day average trading volume is 1,983,940 shares of the company’s common stock. It has gained $3.97 in the past week and touched a new high 1 time within the past 5 days. An average of 2,607,385 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,357,346.
EVGO’s 1-month performance is -13.99% or -$0.54 on its low of $3.32 reached on 09/26/23. The company’s shares have touched a 52-week low of $3.45 and high of $8.82, with the stock’s rally to the 52-week high happening on 03/31/23. YTD, EVGO has lost -25.73% or -$1.15 and has reached a new high 11 times. However, the current price is down -62.36% from the 52-week high price.
Insider Transactions
EVGO stock investors last saw insider trading activity on Aug 10.Sullivan Francine (CLO and General Counsel) most recently sold 600 shares at $4.74 per share on Aug 10. This transaction cost the insider $2,844. Chief Financial Officer, Shevorenkova Olga, sold 17,162 shares at a price of $4.80 on Aug 09. Then, on Aug 08, Chief Operating Officer KISH DENNIS G sold 37,844 shares at a price of $4.89 per share. This transaction amounted to $185,057.
Valuation Metrics
EVGO stock has a beta of 1.99. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.02.
EVgo Inc’s quick ratio for the period ended June 29 was 3.66, with the current ratio over the same period at 3.66.. In terms of profitability, the gross margin trailing 12 months is -15.33%. The trailing 12-month EBITDA margin is -208.08% while for the period ending June 29, EVgo Inc’s operating margin was -139.67%. The firm’s gross profit as reported stood at -$5.65 million against revenue of $54.59 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 163.73% to -$7.03 million, while revenue of -$13.08 million was -86.06% off the previous quarter. Analysts expected EVGO to announce -$0.27 per share in earnings in its latest quarter, but it posted -$0.08, representing a 70.40% surprise. EBITDA for the quarter stood at more than -$21.52 million. EVGO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.02 billion, with total debt at $53.33 million. Shareholders hold equity totaling $299.19 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 26 September was 28.43% to suggest the stock is trending oversold, with historical volatility in this time period at 52.89%.
The stock’s 5-day moving average is $3.58, reflecting a -13.99% or -$0.54 change from its current price. EVGO is currently trading -16.58% above its 20-day SMA, -43.73% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -24.03% and SMA200 by-42.16%.
Stochastic %K and %D was 15.47% and 19.46% and the average true range (ATR) pointed at 0.21. The RSI (14) points at 33.80%, while the 14-day stochastic is at 0.00% with the period’s ATR at 0.22. The stock’s 9-day MACD Oscillator is pointing at -0.24 and -0.26 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for EVgo Inc (NASDAQ: EVGO), RBC Capital Mkts launched coverage with a Sector perform 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.” 2 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 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 $1.00 and a high of $12.00, with their median price target at $7.00. Looking at these predictions, the average price target given by analysts is for EVgo Inc (EVGO) stock is $6.75.
