In the latest trading session, 1.1 million EVgo Inc (NASDAQ:EVGO) shares changed hands as the company’s beta touched 2.31. With the company’s most recent per share price at $4.23 changed hands at -$0.02 or -0.47% at last look, the market valuation stands at $1.28B. EVGO’s current price is a discount, trading about -114.42% 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 60.99% up since then. When we look at EVgo Inc’s average trading volume, we note the 10-day average is 11.25 million shares, with the 3-month average coming to 9.90 million.

Analysts gave the EVgo Inc (EVGO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.54. 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. EVgo Inc’s EPS for the current quarter is expected to be -0.09.

EVgo Inc (NASDAQ:EVGO) trade information

Instantly EVGO was in red as seen in intraday trades today. With action -9.62%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 18.16%, with the 5-day performance at -9.62% in the red. However, in the 30-day time frame, EVgo Inc (NASDAQ:EVGO) is -33.49% down. Looking at the short shares, we see there were 35.87 million shares sold at short interest cover period of 4.75 days.

The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 39.57% from its recent market value. According to analyst projections, EVGO’s forecast low is 5 with 8.5 as the target high. To hit the forecast high, the stock’s price needs a -100.95% plunge from its current level, while the stock would need to soar -18.2% 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 80.77% over the past 6 months, a 10.87% in annual growth rate that is considerably higher than the industry average of 9.30%. Year-over-year growth is forecast to reach 60.69% up from the last financial year.

Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 69M. 9 analysts are of the opinion that EVgo Inc’s revenue for the current quarter will be 72.7M. The company’s revenue for the corresponding quarters a year ago was 49.99M and 55.16M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 38.02%. The estimates for the next quarter sales put growth at 31.81%.

The 2024 estimates are for EVgo Inc earnings to increase by 11.37%.

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 6.47% of EVgo Inc shares while 52.93% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 56.59%. There are 52.93% 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.