EVgo Inc (NASDAQ:EVGO) has a beta value of 2.36 and has seen 4.0 million shares traded in the last trading session. The company, currently valued at $1.35B, closed the last trade at $4.46 per share which meant it gained $0.12 on the day or 2.76% during that session. The EVGO stock price is -103.36% off its 52-week high price of $9.07 and 63.0% 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 5.14 million shares traded. The 3-month trading volume is 7.49 million shares.
The consensus among analysts is that EVgo Inc (EVGO) is Buy stock at the moment, with a recommendation rating of 1.58. 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 -0.09.
EVgo Inc (NASDAQ:EVGO) trade information
Sporting 2.76% in the green 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 $4.46 or saw a rise of 1.11%. Year-to-date, EVgo Inc shares have moved 10.12%, while the 5-day performance has seen it change 8.78%. Over the past 30 days, the shares of EVgo Inc (NASDAQ:EVGO) have changed -28.98%. Short interest in the company has seen 36.12 million shares shorted with days to cover at 5.92.
Wall Street analysts have a consensus price target for the stock at $7, which means that the shares’ value could jump 36.29% from current levels. The projected low price target is $5.0 while the price target rests at a high of $8.5. In that case, then, we find that the current price level is -90.58% off the targeted high while a plunge would see the stock gain -12.11% from current levels.
EVgo Inc (EVGO) estimates and forecasts
Figures show that EVgo Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 55.94% over the past 6 months, with this year growth rate of 2.17%, compared to 8.50% for the industry. Revenue growth from the last financial year stood is estimated to be 60.69%.
11 analysts offering their estimates for the company have set an average revenue estimate of 69M for the current quarter. 9 have an estimated revenue figure of 72.7M 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 38.02% for the current quarter and 60.69% for the next.
EVGO Dividends
EVgo Inc is expected to release its next earnings report in February 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 6.48% of the company shares, while shares held by institutions stand at 52.63% with a share float percentage of 56.27%. Investors are also buoyed by the number of investors in a company, with EVgo Inc having a total of 245.0 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.
