EVgo Inc [NASDAQ: EVGO] stock went on an upward path that rose over 11.26% on Wednesday, amounting to a one-week price increase of more than 10.35%.
Over the last 12 months, EVGO stock rose by 117.74%. The one-year EVgo Inc stock forecast points to a potential upside of 37.21. The average equity rating for EVGO stock is currently 1.42, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.24 billion, with 133.31 million shares outstanding and 125.05 million shares in the current float. Compared to the average trading volume of 4.03M shares, EVGO stock reached a trading volume of 10248710 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $6.45 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 1.42. 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 0.29, with the Price to Sales ratio for EVGO stock in the period of the last 12 months amounting to 4.49.
EVGO Stock Performance Analysis:
EVgo Inc [EVGO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.35. With this latest performance, EVGO shares gained by 49.45% in over the last four-week period, additionally sinking by -26.90% over the last 6 months – not to mention a rise of 117.74% 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 75.00, with the RSI for the last a single of trading hit 78.30, and the three-weeks RSI is set at 70.55 for EVgo Inc [EVGO]. The present Moving Average for the last 50 days of trading for this stock 2.79, while it was recorded at 3.78 for the last single week of trading, and 4.32 for the last 200 days.
Insight into EVgo Inc Fundamentals:
EVgo Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.06 and a Current Ratio set at 2.06.
EVGO Stock EPS
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for EVgo Inc go to 30.49%.
EVgo Inc [EVGO] Institutonal Ownership Details
There are presently around $74.07%, or 78.13%% 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 9.5364%. 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 3.1681%.
