EVgo Inc (NASDAQ:EVGO) price on Wednesday, January 15, rose 4.01% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.89.
A look at the stock’s price movement, the close in the last trading session was $3.74, moving within a range at $3.79 and $3.9991. The beta value (5-Year monthly) was 2.391. Turning to its 52-week performance, $9.07 and $1.65 were the 52-week high and 52-week low respectively. Overall, EVGO moved -37.46% over the past month.
EVgo Inc’s market cap currently stands at around $1.18 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 69M for the company’s revenue for the quarter, with a low and high estimate of 64.93M and 71.2M respectively. The average forecast suggests up to a 38.02% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 258.64M, representing a 60.69% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EVGO is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 5 recommend EVGO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
EVGO’s current price about -9.91% and -28.69% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 32.35, while 7-day volatility ratio is 6.72% and 7.10% in the 30-day chart. Further, EVgo Inc (EVGO) has a beta value of 2.37, and an average true range (ATR) of 0.37. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $5 and high of $8.5. Looking at the price targets, the low is -28.53% off current price level while to achieve the yearly target high, price needs to move -118.51%. Nonetheless, investors will most likely welcome a -79.95% jump to $7 which is the analysts’ median price.
If we refocus on EVgo Inc (NASDAQ:EVGO), historical trading data shows that trading volumes averaged 5.33 over the past 10 days and 6.94 million over the past 3 months. The company’s latest data on shares outstanding shows there are 106.28 million shares.
The 6.49% of EVgo Inc’s shares are in the hands of company insiders while institutional holders own 52.91% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 34.67 million on 2024-12-31, giving us a short ratio of 4.56. The data shows that as of 2024-12-31 short interest in EVgo Inc (EVGO) stood at 2782.0 of shares outstanding, with shares short falling to 35.87 million registered in 2024-11-29. Current price change has pushed the stock -3.95% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EVGO stock continues to rise going into the next quarter.
