EVgo Inc (NASDAQ:EVGO) shares, rose in value on Wednesday, March 26, with the stock price down by -2.11% to the previous day’s close as strong demand from buyers drove the stock to $2.79.
Actively observing the price movement in the last trading, the stock closed the session at $2.85, falling within a range of $2.71 and $2.94. The value of beta (5-year monthly) was 2.38. Referring to stock’s 52-week performance, its high was $9.07, and the low was $1.65. On the whole, EVGO has fluctuated by 3.72% over the past month.
With the market capitalization of EVgo Inc currently standing at about $372.52 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-03.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 351.96M, with a low estimate of 67M and a high estimate of 75.6M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 71.23M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EVGO’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of EVGO currently trading nearly 7.76% and -5.76% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.03, while the 7-day volatility ratio is showing 6.80% which for the 30-day chart, stands at 7.45%. Furthermore, EVgo Inc (EVGO)’s beta value is 2.32, and its average true range (ATR) is 0.20.
A comparison of EVgo Inc (EVGO) with its peers suggests the former has fared considerably weaker in the market. EVGO showed an intraday change of -2.11% in last session, and over the past year, it grew by 22.37%%.
Data on historical trading for EVgo Inc (NASDAQ:EVGO) indicates that the trading volumes over the past 10 days have averaged 4.16 and over the past 3 months, they’ve averaged 4.56 million. According to company’s latest data on outstanding shares, there are 129.97 million shares outstanding.
Nearly 5.65% of EVgo Inc’s shares belong to company insiders and institutional investors own 74.75% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 37.07 million shares as on 2025-03-14, resulting in a short ratio of 9.83. According to the data, the short interest in EVgo Inc (EVGO) stood at 2908.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 34.78 million. The stock has fallen by -31.11% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EVGO stock heading into the next quarter.
