In the last trading session, 5.19 million shares of the EVgo Inc (NASDAQ:EVGO) were traded, and its beta was 2.25. Most recently the company’s share price was $6.58, and it changed around -$0.03 or -0.45% from the last close, which brings the market valuation of the company to $1.99B. EVGO currently trades at a discount to its 52-week high of $9.07, offering almost -37.84% off that amount. The share price’s 52-week low was $1.65, which indicates that the current value has risen by an impressive 74.92% since then. We note from EVgo Inc’s average daily trading volume that its 10-day average is 4.52 million shares, with the 3-month average coming to 8.62 million.
EVgo Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.46. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 1 recommended EVGO as a Hold, whereas 8 deemed it a Buy, and 1 rated it as Underweight. EVgo Inc is expected to report earnings per share of -0.1 for the current quarter.
EVgo Inc (NASDAQ:EVGO) trade information
Instantly EVGO has showed a red trend with a performance of -0.45% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 7.15 on recent trading dayincreased the stock’s daily price by 7.97%. The company’s shares are currently up 83.80% year-to-date, but still up 2.97% over the last five days. On the other hand, EVgo Inc (NASDAQ:EVGO) is 18.77% up in the 30-day period. We can see from the shorts that 35.87 million shares have been sold at a short interest cover period of 4.75 day(s).
The consensus price target as assigned by Wall Street analysts is $7, which translates to bulls needing to increase their stock price by 6.0% from its current value. Analyst projections state that EVGO is forecast to be at a low of $5 and a high of $8.5.
EVgo Inc (EVGO) estimates and forecasts
EVgo Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 207.48 percent over the past six months and at a 10.87% annual growth rate that is well above the industry average of 7.70%. The year-over-year growth rate is expected to be 61.01%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 69.07M in revenue for the current quarter. 9 analysts expect EVgo Inc to make 72.73M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 49.99M and 55.16M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 38.15%. Forecasts for the next quarter put sales growth at 31.85%.
EVGO Dividends
EVgo Inc’s next quarterly earnings report is expected to be released in January.
EVgo Inc (NASDAQ:EVGO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.49% of EVgo Inc shares, and 53.14% of them are in the hands of institutional investors. The stock currently has a share float of 56.82%. EVgo Inc stock is held by 247.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.6191% of the shares, which is about 10.07 million shares worth $24.67 million.
BLACKROCK INC., with 6.595% or 6.9 million shares worth $16.91 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
