EVgo Inc (NASDAQ:EVGO)’s traded shares stood at 6.4 million during the last session, with the company’s beta value hitting 2.21. At the close of trading, the stock’s price was $5.05, to imply a decrease of -2.88% or -$0.15 in intraday trading. The EVGO share’s 52-week high remains $9.07, putting it -79.6% down since that peak but still an impressive 67.33% since price per share fell to its 52-week low of $1.65. The company has a valuation of $1.53B, with an average of 9.62 million shares in intraday trading volume over the past 10 days and average of 7.77 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for EVgo Inc (EVGO), translating to a mean rating of 1.54. Of 7 analyst(s) looking at the stock, 0 analyst(s) give EVGO a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.11.
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EVgo Inc (NASDAQ:EVGO) trade information
After registering a -2.88% downside in the last session, EVgo Inc (EVGO) has traded red over the past five days. The 5-day price performance for the stock is -17.62%, and -40.24% over 30 days. With these gigs, the year-to-date price performance is 41.06%. Short interest in EVgo Inc (NASDAQ:EVGO) saw shorts transact 32.69 million shares and set a 2.41 days time to cover.
The extremes give us $5 and $16 for target low and target high price respectively. As such, EVGO has been trading -216.83% off suggested target high and 0.99% from its likely low.
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 113.98% up over the last 6 months, with its year-to-date growth rate higher than industry average at 13.04% against 9.10%. Revenue is forecast to shrink -363.35% this quarter before falling -344.44% for the next one. The rating firms project that company’s revenue will grow 60.87% compared to the previous financial year.
Revenue forecast for the current quarter as set by 10 analysts is 69.28M. Meanwhile, for the current quarter, a total of 9 analyst(s) estimate revenue growth to 72.95M.Earnings reports from the last fiscal year show that sales brought in 49.99M and 55.16M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 38.57% before jumping 32.25% in the following quarter.
EVGO Dividends
EVgo Inc has its next earnings report out in December. 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 (NASDAQ:EVGO)’s Major holders
EVgo Inc insiders hold 6.33% of total outstanding shares, with institutional holders owning 43.80% of the shares at 46.76% float percentage. In total, 43.80% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 10.07 million shares (or 9.6191% of shares), all amounting to roughly $24.67 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 6.9 million shares, or about 6.595% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $16.91 million.
