EVgo Inc (NASDAQ:EVGO)’s traded shares stood at 0.77 million during the latest session, with the company’s beta value hitting 2.25. At the last check today, the stock’s price was $6.27, to imply a decrease of -0.16% or -$0.01 in intraday trading. The EVGO share’s 52-week high remains $9.07, putting it -44.66% down since that peak but still an impressive 73.68% since price per share fell to its 52-week low of $1.65. The company has a valuation of $1.90B, with an average of 4.95 million shares in intraday trading volume over the past 10 days and average of 8.61 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 1.46. 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 -0.1.
EVgo Inc (NASDAQ:EVGO) trade information
After registering a -0.16% downside in the latest session, EVgo Inc (EVGO) has traded red over the past five days. The 5-day price performance for the stock is -3.69%, and -6.00% over 30 days. With these gigs, the year-to-date price performance is 75.14%. Short interest in EVgo Inc (NASDAQ:EVGO) saw shorts transact 36.07 million shares and set a 5.07 days time to cover.
The extremes give us $5 and $8.5 for target low and target high price respectively. As such, EVGO has been trading -35.57% off suggested target high and 20.26% 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 207.35% up over the last 6 months, with its year-to-date growth rate higher than industry average at 10.87% against 8.30%. The rating firms project that company’s revenue will grow 61.01% compared to the previous financial year.
Revenue forecast for the current quarter as set by 11 analysts is 69.07M. Meanwhile, for the current quarter, a total of 9 analyst(s) estimate revenue growth to 72.73M.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 38.15% before jumping 31.85% in the following quarter.
EVGO Dividends
EVgo Inc has its next earnings report out in January. 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 6.49% of total outstanding shares, with institutional holders owning 53.12% of the shares at 56.81% float percentage. In total, 53.12% 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.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the EVgo Inc (EVGO) shares. Going by data provided on Sep 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 3.46 shares. This is just over 3.23% of the total shares, with a market valuation of $21.85 million. Data from the same date shows that the other fund manager holds a little less at 2.6, or 2.42% of the shares, all valued at about 16.4 million.
