EVgo Inc (NASDAQ:EVGO) has a beta value of 2.28 and has seen 4.94 million shares traded in the last trading session. The company, currently valued at $1.97B, closed the last trade at $6.49 per share which meant it lost -$0.09 on the day or -1.37% during that session. The EVGO stock price is -39.75% off its 52-week high price of $9.07 and 74.58% above the 52-week low of $1.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.48 million shares traded. The 3-month trading volume is 8.36 million shares.
The consensus among analysts is that EVgo Inc (EVGO) is Buy stock at the moment, with a recommendation rating of 1.46. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 7 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.1.
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EVgo Inc (NASDAQ:EVGO) trade information
Sporting -1.37% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the EVGO stock price touched $6.49 or saw a rise of 4.98%. Year-to-date, EVgo Inc shares have moved 81.28%, while the 5-day performance has seen it change 11.32%. Over the past 30 days, the shares of EVgo Inc (NASDAQ:EVGO) have changed -23.83%. Short interest in the company has seen 36.07 million shares shorted with days to cover at 5.07.
Wall Street analysts have a consensus price target for the stock at $8.25, which means that the shares’ value could jump 21.33% from current levels. The projected low price target is $5.0 while the price target rests at a high of $16.0. In that case, then, we find that the current price level is -146.53% off the targeted high while a plunge would see the stock lose 22.96% from current levels.
EVgo Inc (EVGO) estimates and forecasts
Figures show that EVgo Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 216.59% over the past 6 months, with this year growth rate of 10.87%, compared to 9.20% for the industry. Revenue growth from the last financial year stood is estimated to be 61.01%.
11 analysts offering their estimates for the company have set an average revenue estimate of 69.07M for the current quarter. 9 have an estimated revenue figure of 72.73M for the next ending quarter. Year-ago sales stood 49.99M and 55.16M respectively for this quarter and the next, and analysts expect sales will grow by 38.15% for the current quarter and 61.01% for the next.
EVGO Dividends
EVgo Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
EVgo Inc (NASDAQ:EVGO)’s Major holders
Insiders own 6.49% of the company shares, while shares held by institutions stand at 53.20% with a share float percentage of 56.89%. Investors are also buoyed by the number of investors in a company, with EVgo Inc having a total of 247.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 10.07 million shares worth more than $24.67 million. As of 2024-06-30, VANGUARD GROUP INC held 9.6191% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 6.9 million shares as of 2024-06-30. The firm’s total holdings are worth over $16.91 million and represent 6.595% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 3.23% shares in the company for having 3.46 shares of worth $22.47 million while later fund manager owns 2.6 shares of worth $16.87 million as of Sep 30, 2024 , which makes it owner of about 2.42% of company’s outstanding stock.
