In the last trading session, 4.52 million EVgo Inc (NASDAQ:EVGO) shares changed hands as the company’s beta touched 2.25. With the company’s per share price at $6.51 changed hands at $0.0 or 0.00% during last session, the market valuation stood at $1.99B. EVGO’s last price was a discount, traded about -39.32% off its 52-week high of $9.07. The share price had its 52-week low at $1.65, which suggests the last value was 74.65% up since then. When we look at EVgo Inc’s average trading volume, we note the 10-day average is 6.28 million shares, with the 3-month average coming to 8.48 million.
Analysts gave the EVgo Inc (EVGO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.46. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended EVGO as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight.
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EVgo Inc (NASDAQ:EVGO) trade information
The company’s shares are showing year-to-date upside of 81.84%, with the 5-day performance at 2.36% in the green. However, in the 30-day time frame, EVgo Inc (NASDAQ:EVGO) is -16.96% down. Looking at the short shares, we see there were 36.07 million shares sold at short interest cover period of 5.07 days.
The consensus price target for the stock as assigned by Wall Street analysts is 8.25, meaning bulls need an upside of 21.09% from its current market value. According to analyst projections, EVGO’s forecast low is 5 with 16 as the target high. To hit the forecast high, the stock’s price needs a -145.78% plunge from its current level, while the stock would need to tank 23.2% for it to hit the projected low.
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 233.85% over the past 6 months, a 10.87% in annual growth rate that is considerably higher than the industry average of 8.90%.
The 2024 estimates are for EVgo Inc earnings to increase by 11.13%.
EVGO Dividends
EVgo Inc is expected to release its next quarterly earnings report in January.
EVgo Inc (NASDAQ:EVGO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.49% of EVgo Inc shares while 53.12% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 56.81%. There are 53.12% institutions holding the EVgo Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.6191% of the shares, roughly 10.07 million EVGO shares worth $24.67 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.595% or 6.9 million shares worth $16.91 million as of 2024-06-30.
