EVgo Inc (NASDAQ:EVGO) price on current trading day, rose 1.49% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.73.
A look at the stock’s price movement, the close in the last trading session was $2.69. Turning to its 52-week performance, $9.07 and $1.65 were the 52-week high and 52-week low respectively. Overall, EVGO moved -20.41% over the past month.
EVgo Inc’s market cap currently stands at around $828.53 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 69.09M 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 38.20% 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 258.71M, representing a 60.74% 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 100% Sell. On the other hand, the stock is on average a 100% Sell 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 -11.51% and -27.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 32.04, while 7-day volatility ratio is 7.49% and 6.58% in the 30-day chart. Further, EVgo Inc (EVGO) has a beta value of 2.38, and an average true range (ATR) of 0.23. Analysts have given the company’s stock an average 52-week price target of $8.25, forecast between a low of $8 and high of $8.5. Looking at the price targets, the low is -193.04% off current price level while to achieve the yearly target high, price needs to move -211.36%. Nonetheless, investors will most likely welcome a -202.2% jump to $8.25 which is the analysts’ median price.
If we refocus on EVgo Inc (NASDAQ:EVGO), historical trading data shows that trading volumes averaged 5.68 million over the past 3 months. The company’s latest data on shares outstanding shows there are 130.69 million shares.
The 5.44% of EVgo Inc’s shares are in the hands of company insiders while institutional holders own 74.59% of the company’s shares. Current price change has pushed the stock -32.59% 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.
