EVgo Inc. (NASDAQ:EVGO)’s traded shares stood at 1.14 million during the last session. At the close of trading, the stock’s price was $5.67, to imply an increase of 6.98% or $0.37 in intraday trading. The EVGO share’s 52-week high remains $14.23, putting it -150.97% down since that peak but still an impressive 35.8% since price per share fell to its 52-week low of $3.64. The company has a valuation of $1.48B, with an average of 1.42 million shares in intraday trading volume over the past 10 days and average of 2.73 million shares over the past 3 months.
EVgo Inc. (NASDAQ:EVGO) trade information
After registering a 6.98% upside in the last session, EVgo Inc. (EVGO) has traded red over the past five days. The stock hit a weekly high of 6.11 this Thursday, 03/16/23, jumping 6.98% in its intraday price action. The 5-day price performance for the stock is -3.41%, and -10.00% over 30 days. With these gigs, the year-to-date price performance is 26.85%. Short interest in EVgo Inc. (NASDAQ:EVGO) saw shorts transact 25.4 million shares and set a 6.96 days time to cover.
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EVgo Inc. (EVGO) estimates and forecasts
Looking at statistics comparing EVgo Inc. share performance against respective industry, we note that the company has outperformed competitors. EVgo Inc. (EVGO) shares are -38.97% down over the last 6 months, with its year-to-date growth rate higher than industry average at 24.14% against 16.50%. Revenue is forecast to shrink -366.70% this quarter before jumping 42.90% for the next one. The rating firms project that company’s revenue will grow 117.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 10 analysts is $21.03 million. Meanwhile, for the quarter ending Mar 2023, a total of 8 analyst(s) estimate revenue growth to $30.04 million.Earnings reports from the last fiscal year show that sales brought in $7.12 million and $7.7 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 195.40% before jumping 290.10% in the following quarter.
EVGO Dividends
EVgo Inc. has its next earnings report out between March 21 and March 27. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. EVgo Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
EVgo Inc. (NASDAQ:EVGO)’s Major holders
EVgo Inc. insiders hold 1.31% of total outstanding shares, with institutional holders owning 53.63% of the shares at 54.33% float percentage. In total, 53.63% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 6.39 million shares (or 9.21% of shares), all amounting to roughly $50.54 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 4.56 million shares, or about 6.57% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $36.03 million.
We also have Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the EVgo Inc. (EVGO) shares. Going by data provided on Dec 30, 2022, Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF holds roughly 2.48 million shares. This is just over 3.57% of the total shares, with a market valuation of $11.07 million. Data from the same date shows that the other fund manager holds a little less at 2.03 million, or 2.92% of the shares, all valued at about 16.03 million.