In today’s recent session, 0.79 million shares of the EVgo Inc (NASDAQ:EVGO) have been traded, and its beta is 2.32. Most recently the company’s share price was $2.81, and it changed around -$0.01 or -0.53% from the last close, which brings the market valuation of the company to $859.24M. EVGO at last check was trading at a discount to its 52-week high of $9.07, offering almost -222.78% off that amount. The share price’s 52-week low was $1.65, which indicates that the recent value has risen by an impressive 41.28% since then. We note from EVgo Inc’s average daily trading volume that its 10-day average is 4.24 million shares, with the 3-month average coming to 4.58 million.
EVgo Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.40. If we narrow it down even further, the data shows that 0 out of 14 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 2 recommended EVGO as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. EVgo Inc is expected to report earnings per share of -0.09 for the current quarter.
EVgo Inc (NASDAQ:EVGO) trade information
Instantly EVGO has been showing red trend so far today with a performance of -0.53% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 3.06 on recent trading dayincreased the stock’s daily price by 8.17%. The company’s shares are currently down -30.74% year-to-date, but still up 9.57% over the last five days. On the other hand, EVgo Inc (NASDAQ:EVGO) is 5.06% up in the 30-day period. We can see from the shorts that 34.64 million shares have been sold at a short interest cover period of 9.46 day(s).
The consensus price target as assigned by Wall Street analysts is $7.5, which translates to bulls needing to increase their stock price by 62.53% from its current value. Analyst projections state that EVGO is forecast to be at a low of $4 and a high of $8.5.
EVgo Inc (EVGO) estimates and forecasts
The year-over-year growth rate is expected to be 37.04%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 71.23M in revenue for the current quarter. 10 analysts expect EVgo Inc to make 82.49M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 55.16M and 66.62M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 29.15%. Forecasts for the next quarter put sales growth at 23.83%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -85.31%. EVgo Inc earnings are expected to increase by 23.34% in 2025, but the outlook is positive 48.76% per year for the next five years.
EVgo Inc (NASDAQ:EVGO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.41% of EVgo Inc shares, and 74.39% of them are in the hands of institutional investors. The stock currently has a share float of 78.64%. EVgo Inc stock is held by 296.0 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.
Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 3.89 shares worth $11.08 million, making up 2.91% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 3.2 shares worth around $9.11 million, which represents about 2.39% of the total shares outstanding.
