During the recent session, EVgo Inc (NASDAQ:EVGO)’s traded shares were 0.63 million, with the beta value of the company hitting 2.35. At the last check today, the stock’s price was $2.89, reflecting an intraday gain of 1.40% or $0.04. The 52-week high for the EVGO share is $9.07, that puts it down -213.84 from that peak though still a striking 42.91% gain since the share price plummeted to a 52-week low of $1.65. The company’s market capitalization is $877.09M, and the average intraday trading volume over the past 10 days was 4.01 million shares, and the average trade volume was 6.31 million shares over the past three months.
EVgo Inc (EVGO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.58. EVGO has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.09.
EVgo Inc (NASDAQ:EVGO) trade information
EVgo Inc (EVGO) registered a 1.40% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.40% in intraday trading to $2.89, hitting a weekly high. The stock’s 5-day price performance is -13.47%, and it has moved by -22.73% in 30 days. Based on these gigs, the overall price performance for the year is 14.23%. The short interest in EVgo Inc (NASDAQ:EVGO) is 34.9 million shares and it means that shorts have 6.35 day(s) to cover.
The consensus price target of analysts on Wall Street is $8.25, which implies an increase of 64.97% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8 and $8.5 respectively. As a result, EVGO is trading at a discount of -194.12% off the target high and -176.82% off the low.
EVgo Inc (EVGO) estimates and forecasts
In the rating firms’ projections, revenue will increase 60.69% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 69M as predicted by 11 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 72.7M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 49.99M and 55.16M respectively. In this case, analysts expect current quarter sales to grow by 38.02% and then jump by 31.81% in the coming quarter.
EVGO Dividends
EVgo Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
EVgo Inc (NASDAQ:EVGO)’s Major holders
The next largest institutional holding, with 6.9 million shares, is of BLACKROCK INC.’s that is approximately 6.595% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $16.91 million.
Also, the Mutual Funds coming in first place with the largest holdings of EVgo Inc (EVGO) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 3.46 shares. This amounts to just over 3.22 percent of the company’s overall shares, with a $9.94 million market value. The same data shows that the other fund manager holds slightly less at 2.82, or about 2.62% of the stock, which is worth about $8.1 million.
