EVgo Inc [NASDAQ: EVGO] traded at a low on Wednesday, posting a -11.19 loss after which it closed the day’ session at $6.67.
The results of the trading session contributed to over 11035134 shares changing hands. Over the past one week, the price volatility of EVgo Inc stands at 7.34% while the volatility over the past one month is 8.10%.
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The market cap for EVGO stock reached $2.02 billion, with 102.94 million shares outstanding and 99.92 million shares in the current float. Compared to the average trading volume of 6.79M shares, EVGO reached a trading volume of 11035134 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $8.00 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 1.54. 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 Buy, with their previous recommendation back on October 10, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $5 to $7. The new note on the price target was released on October 03, 2024, representing the official price target for EVgo Inc stock. Previously, the target price had yet another raise to $7, while JP Morgan analysts kept a Overweight rating on EVGO stock.
The Average True Range (ATR) for EVgo Inc is set at 0.61, with the Price to Sales ratio for EVGO stock in the period of the last 12 months amounting to 9.76. The Price to Book ratio for the last quarter was 51.88, with the Price to Cash per share for the same quarter was set at 0.54.
How has EVGO stock performed recently?
EVgo Inc [EVGO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -19.35. With this latest performance, EVGO shares dropped by 0.00% in over the last four-week period, additionally plugging by 281.14% over the last 6 months – not to mention a rise of 191.27% 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 43.36, with the RSI for the last a single of trading hit 32.71, and the three-weeks RSI is set at 49.29 for EVgo Inc [EVGO]. The present Moving Average for the last 50 days of trading for this stock 5.96, while it was recorded at 7.49 for the last single week of trading, and 3.45 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.
Insider trade positions for EVgo Inc [EVGO]
There are presently around $45.22%, or 48.29%% 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%.
