EVgo Inc (NASDAQ: EVGO)’s Stock Performance and Outlook

In the latest trading session, 1.65 million EVgo Inc (NASDAQ:EVGO) shares changed hands as the company’s beta touched 2.54. With the company’s most recent per share price at $1.97 changed hands at -$0.02 or -1.26% at last look, the market valuation stands at $207.74M. EVGO’s current price is a discount, trading about -228.93% off its 52-week high of $6.48. The share price had its 52-week low at $1.65, which suggests the last value was 16.24% up since then. When we look at EVgo Inc’s average trading volume, we note the 3-month average coming to 2.84 million.

EVgo Inc (NASDAQ:EVGO) trade information

Instantly EVGO was in red as seen in intraday trades today. With action 7.38%, the performance over the past five days has been green. The drop to weekly highs of 2.0400 subtracted -1.26% to the stock’s daily price. The company’s shares are showing year-to-date downside of -45.11%, with the 5-day performance at 7.38% in the green. However, in the 30-day time frame, EVgo Inc (NASDAQ:EVGO) is -8.18% down.

EVgo Inc (EVGO) estimates and forecasts

Data shows that the EVgo Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -16.38% over the past 6 months, a 19.57% in annual growth rate that is considerably higher than the industry average of 14.50%. Year-over-year growth is forecast to reach 56.40% up from the last financial year.

Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 52.39M. 9 analysts are of the opinion that EVgo Inc’s revenue for the current quarter will be 59.98M. The company’s revenue for the corresponding quarters a year ago was 25.3M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 107.10%. The 2024 estimates are for EVgo Inc earnings to increase by 3.10%.