During the recent session, EVgo Inc. (NASDAQ:EVGO)’s traded shares were 1.24 million. At the last check today, the stock’s price was $3.91, reflecting an intraday gain of 0.73% or $0.03. The 52-week high for the EVGO share is $12.65, that puts it down -223.53 from that peak though still a striking 6.91% gain since the share price plummeted to a 52-week low of $3.64. The company’s market capitalization is $1.09B, and the average intraday trading volume over the past 10 days was 6.63 million shares, and the average trade volume was 2.66 million shares over the past three months.
EVgo Inc. (EVGO) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.40. EVGO has a Sell rating from 0 analyst(s) out of 14 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.29.
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EVgo Inc. (NASDAQ:EVGO) trade information
EVgo Inc. (EVGO) registered a 0.73% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.73% in intraday trading to $3.91 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is -6.05%, and it has moved by -33.98% in 30 days. Based on these gigs, the overall price performance for the year is -55.03%. The short interest in EVgo Inc. (NASDAQ:EVGO) is 22.25 million shares and it means that shorts have 17.52 day(s) to cover.
The consensus price target of analysts on Wall Street is $8.09, which implies an increase of 51.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.00 and $12.00 respectively. As a result, EVGO is trading at a discount of -206.91% off the target high and 74.42% off the low.
EVgo Inc. (EVGO) estimates and forecasts
Statistics show that EVgo Inc. has underperformed its competitors in share price, compared to the industry in which it operates. EVgo Inc. (EVGO) shares have gone down -37.86% during the last six months, with a year-to-date growth rate less than the industry average at -117.50% against 14.90. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -583.30% this quarter and then drop -31.60% in the quarter after that. In the rating firms’ projections, revenue will increase 143.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $29.97 million as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to $36.66 million by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $9.08 million and $13.29 million respectively. In this case, analysts expect current quarter sales to grow by 230.20% and then jump by 175.80% in the coming quarter.
While earnings are projected to return -77.50% in 2023.
EVgo Inc. is due to release its next quarterly earnings between August 07 and August 11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
EVgo Inc. (NASDAQ:EVGO)’s Major holders
EVgo Inc. insiders own 0.40% of total outstanding shares while institutional holders control 52.11%, with the float percentage being 52.32%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 253 institutions own stock in it. As of Mar 30, 2023, the company held over 6.55 million shares (or 9.02% of all shares), a total value of $25.62 million in shares.
The next largest institutional holding, with 5.02 million shares, is of Blackrock Inc.’s that is approximately 6.92% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $19.64 million.
Also, the Mutual Funds coming in first place with the largest holdings of EVgo Inc. (EVGO) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Dec 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 2.03 million shares. This amounts to just over 2.83 percent of the company’s overall shares, with a $7.92 million market value. The same data shows that the other fund manager holds slightly less at 1.79 million, or about 2.49% of the stock, which is worth about $6.98 million.