EVgo Inc. (NASDAQ:EVGO) traded at $6.13 at close of the session on Tuesday, 01/24/23, made a downward move of -1.76% on its previous day’s price.
Looking at the stock we see that its previous close was $6.24 with the day’s price range being $5.82 – $6.26. In terms of its 52-week price range, EVGO has a high of $14.23 and a low of $3.64. The company’s stock has gained about 39.95% over that past 30 days.
EVgo Inc. has a market cap of $1.58 billion and is expected to release its quarterly earnings report on Mar 21, 2023 – Mar 27, 2023. Estimates by analysts give the company expected earnings per share (EPS) of -$0.15, with the EPS growth for the year raised at -$0.38 for 2022 and -$0.5 for next year. These figures represent 34.50% and -31.60% 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 $13.29 million, with a low of $12 million and a high of $15 million. The median projection represents growth squeezing down to 115.00% 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 $49.77 million, or 124.00% 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 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is 31.12% off its SMA20 and 11.45% from its 50-day simple moving average. The RSI (14) is pointing at 61.43 while the volatility over the past week is 10.08% and jumps to 10.87% over the past one month. The average price target for the stock over the next 12 months is $10.52, with the estimates having a low of $6.20 and a high of $21.00. These price ends are -1.14% and -242.58% off the current price level respectively, although investors could be excited at the prospect of a -54.98% if the EVGO share price touches on the median price of $9.50.
Coming back to EVgo Inc. (NASDAQ:EVGO), we note that the average 3-month trading volume was 2.51 million, while that of the preceding 10-day period stands at 4.09 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 13, 2022, stood at 21.11 million at a short ratio of 10.14. This represents a 30.56% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 21.34 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 37.14% up in year-to-date price movement.