In the latest trading session, 0.75 million EVgo Inc (NASDAQ:EVGO) shares changed hands as the company’s beta touched 2.37. With the company’s most recent per share price at $2.64 changed hands at -$0.03 or -1.12% at last look, the market valuation stands at $801.22M. EVGO’s current price is a discount, trading about -243.56% 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 37.5% up since then.
Analysts gave the EVgo Inc (EVGO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.58. 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 -12.58%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -34.81%, with the 5-day performance at -12.58% in the red. However, in the 30-day time frame, EVgo Inc (NASDAQ:EVGO) is -23.26% down.
The consensus price target for the stock as assigned by Wall Street analysts is 8.25, meaning bulls need an upside of 68.0% from its recent market value. According to analyst projections, EVGO’s forecast low is 8 with 8.5 as the target high. To hit the forecast high, the stock’s price needs a -221.97% plunge from its current level, while the stock would need to soar -203.03% for it to hit the projected low.
EVgo Inc (EVGO) estimates and forecasts
Year-over-year growth is forecast to reach 60.75% 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 69.09M. 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 38.20%. The estimates for the next quarter sales put growth at 31.81%.
The 2025 estimates are for EVgo Inc earnings to increase by 11.37%, but the outlook for the next 5-year period is at 20.47% per year.
EVgo Inc (NASDAQ:EVGO)’s Major holders
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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 3.46 shares estimated at $9.16 million under it, the former controlled 3.22% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.62% of the shares, roughly 2.82 shares worth around $7.47 million.
