During the last session, EVgo Inc (NASDAQ:EVGO)’s traded shares were 7.34 million, with the beta value of the company hitting 2.30. At the end of the trading day, the stock’s price was $5.98, reflecting an intraday gain of 2.57% or $0.15. The 52-week high for the EVGO share is $9.07, that puts it down -51.67 from that peak though still a striking 72.41% gain since the share price plummeted to a 52-week low of $1.65. The company’s market capitalization is $1.81B, and the average intraday trading volume over the past 10 days was 10.96 million shares, and the average trade volume was 8.10 million shares over the past three months.
EVgo Inc (EVGO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.46. EVGO has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.1.
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EVgo Inc (NASDAQ:EVGO) trade information
EVgo Inc (EVGO) registered a 2.57% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.57% in intraday trading to $5.98, hitting a weekly high. The stock’s 5-day price performance is 15.00%, and it has moved by -27.60% in 30 days. Based on these gigs, the overall price performance for the year is 91.36%. The short interest in EVgo Inc (NASDAQ:EVGO) is 32.69 million shares and it means that shorts have 2.41 day(s) to cover.
The consensus price target of analysts on Wall Street is $8.25, which implies an increase of 27.52% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $16 respectively. As a result, EVGO is trading at a discount of -167.56% off the target high and 16.39% off the low.
EVgo Inc (EVGO) estimates and forecasts
Statistics show that EVgo Inc has outperformed its competitors in share price, compared to the industry in which it operates. EVgo Inc (EVGO) shares have gone up 168.16% during the last six months, with a year-to-date growth rate more than the industry average at 10.87% against 9.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -321.23% this quarter and then drop -344.44% in the quarter after that. In the rating firms’ projections, revenue will increase 61.01% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 69.07M as predicted by 11 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 72.73M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 49.99M and 55.16M respectively. In this case, analysts expect current quarter sales to grow by 38.15% and then jump by 31.85% in the coming quarter.
While earnings are projected to return 11.13% in 2024.
EVGO Dividends
EVgo Inc is due to release its next quarterly earnings in December. 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 6.49% of total outstanding shares while institutional holders control 53.20%, with the float percentage being 56.89%. VANGUARD GROUP INC is the largest shareholder of the company, while 247.0 institutions own stock in it. As of 2024-06-30, the company held over 10.07 million shares (or 9.6191% of all shares), a total value of $24.67 million in shares.
The next largest institutional holding, with 6.9 million shares, is of BLACKROCK INC.’s that is approximately 6.595% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $16.91 million.
