In today’s recent session, 1.56 million shares of the EVgo Inc (NASDAQ:EVGO) have been traded, and its beta is 2.55. Most recently the company’s share price was $1.70, and it changed around -$0.03 or -2.02% from the last close, which brings the market valuation of the company to $179.20M. EVGO at last check was trading at a discount to its 52-week high of $6.48, offering almost -281.18% off that amount. The share price’s 52-week low was $1.70. We note from EVgo Inc’s average daily trading volume that its 3-month average coming to 2.89 million.
EVgo Inc (NASDAQ:EVGO) trade information
Instantly EVGO has been showing red trend so far today with a performance of -2.02% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -52.65% year-to-date, but still down -10.32% over the last five days. On the other hand, EVgo Inc (NASDAQ:EVGO) is -30.25% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $12.25, which translates to bulls needing to increase their stock price by 86.12% from its current value. Analyst projections state that EVGO is forecast to be at a low of $5 and a high of $16.
EVgo Inc (EVGO) estimates and forecasts
EVgo Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -38.25 percent over the past six months and at a 19.57% annual growth rate that is well above the industry average of 12.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 38.90% in revenue this quarter, and will report a decrease of -25.00% in the next quarter. The year-over-year growth rate is expected to be 56.40%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of $52.39 million in revenue for the current quarter. 9 analysts expect EVgo Inc to make $59.98 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $25.3 million and -$ respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 107.10%.
