Home  »  Companies   »  EVgo Inc. (NASDAQ: EVGO) Share Price Rose Recently...

EVgo Inc. (NASDAQ: EVGO) Share Price Rose Recently, But Trouble May Still Be Afoot

EVgo Inc. (NASDAQ:EVGO) traded at $6.29 at close of the session on Tuesday, 11/22/22, made a downward move of -2.33% on its previous day’s price.

Looking at the stock we see that its previous close was $6.44 and the beta (5Y monthly) reads 1.52 with the day’s price range being $6.25 – $6.59. In terms of its 52-week price range, EVGO has a high of $14.93 and a low of $5.28. The company’s stock has lost about -10.78% over that past 30 days.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.


EVgo Inc. has a market cap of $1.72 billion and is expected to release its quarterly earnings report on Nov 02, 2022. Estimates by analysts give the company expected earnings per share (EPS) of -$0.16, with the EPS growth for the year raised at -$0.47 for 2022 and -$0.44 for next year. These figures represent 19.00% and 6.40% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $21.17 million, with a low of $16 million and a high of $26.21 million. The median projection represents growth squeezing down to 197.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $48.36 million, or 117.70% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the EVGO stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 12 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the EVgo Inc. (EVGO) stock as a Hold, while 7 rate it as a Buy. 0 analyst(s) rate it as overweight while 1 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -11.39% off its SMA20 and -18.49% from its 50-day simple moving average. The RSI (14) is pointing at 36.38 while the volatility over the past week is 4.76% and jumps to 6.02% over the past one month.

Coming back to EVgo Inc. (NASDAQ:EVGO), we note that the average 3-month trading volume was 2.01 million, while that of the preceding 10-day period stands at 1.82 million. Current shares outstanding are 68.62 million.

The insiders hold 0.40% of the company’s shares while institutions hold 52.10%. The data shows that short shares as of Oct 30, 2022, stood at 21.54 million at a short ratio of 14.19. This represents a 31.05% short interest in shares outstanding on Oct 30, 2022. Shares short rose in October from the previous month at 21.4 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -36.72% down in year-to-date price movement.

Leave a Comment

Your email address will not be published. Required fields are marked *