EVgo Inc [NASDAQ: EVGO] jumped around 0.12 points on Thursday, while shares priced at $4.42 at the close of the session, up 2.79%.
Compared to the average trading volume of 3.45M shares, EVGO reached a trading volume of 2418459 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about EVgo Inc [EVGO]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EVGO shares is $5.11 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EVGO stock is a recommendation set at 2.08. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for EVgo Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 22, 2024. While these analysts kept the previous recommendation, The Benchmark Company raised their target price to Buy. The new note on the price target was released on June 05, 2024, representing the official price target for EVgo Inc stock. Previously, the target price had yet another drop from $5 to $4, while Cantor Fitzgerald kept a Overweight rating on EVGO stock. On March 07, 2024, analysts decreased their price target for EVGO shares from 5 to 4.
The Average True Range (ATR) for EVgo Inc is set at 0.33, with the Price to Sales ratio for EVGO stock in the period of the last 12 months amounting to 2.28. The Price to Book ratio for the last quarter was 34.38, with the Price to Cash per share for the same quarter was set at 1.52.
How has EVGO stock performed recently?
EVgo Inc [EVGO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.74. With this latest performance, EVGO shares gained by 20.11% in over the last four-week period, additionally plugging by 66.17% over the last 6 months – not to mention a rise of 11.62% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EVGO stock in for the last two-week period is set at 61.15, with the RSI for the last a single of trading hit 62.71, and the three-weeks RSI is set at 60.79 for EVgo Inc [EVGO]. The present Moving Average for the last 50 days of trading for this stock 3.77, while it was recorded at 4.12 for the last single week of trading, and 2.80 for the last 200 days.
EVgo Inc [EVGO]: Deeper insight into the fundamentals
EVgo Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.50 and a Current Ratio set at 2.50.
Earnings analysis for EVgo Inc [EVGO]
With the latest financial reports released by the company, EVgo Inc posted -0.09/share EPS, while the average EPS was predicted by analysts to be reported at -0.21/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.12. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EVGO.
Insider trade positions for EVgo Inc [EVGO]
There are presently around $45.47%, or 45.90%% of EVGO stock, in the hands of institutional investors. The top three institutional holders of EVGO stocks are: VANGUARD GROUP INC with ownership of 10.07 million shares, which is approximately 9.6191%. BLACKROCK INC., holding 6.9 million shares of the stock with an approximate value of $$16.91 million in EVGO stocks shares; and BLACKROCK INC., currently with $$8.2 million in EVGO stock with ownership which is approximately 3.1956%.
