EVgo Inc. [EVGO] stock prices are up 6.98% to $5.67 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The EVGO shares have lost -3.41% over the last week, with a monthly amount drifted -10.00%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
EVgo Inc. [NASDAQ: EVGO] stock has seen the most recent analyst activity on January 26, 2023, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $6 from $10. Previously, Jefferies started tracking the stock with Hold rating on July 07, 2022, and set its price target to $5.50. On June 08, 2022, upgrade upgraded it’s rating to Overweight. Credit Suisse upgraded its rating to a Outperform but stick to its price target of $14 on May 12, 2022. Cantor Fitzgerald initiated its recommendation with a Overweight and recommended $14 as its price target on April 28, 2022. Tudor Pickering Holt & Co. started tracking with a Buy rating for this stock on April 21, 2022, and assigned it a price target of $16. In a note dated December 28, 2021, Needham initiated an Hold rating.
The stock price of EVgo Inc. [EVGO] has been fluctuating between $3.64 and $14.23 over the past year. Currently, Wall Street analysts expect the stock to reach $10.22 within the next 12 months. EVgo Inc. [NASDAQ: EVGO] shares were valued at $5.67 at the most recent close of the market. An investor can expect a potential return of 80.25% based on the average EVGO price forecast.
Analyzing the EVGO fundamentals
The most recent quarter, EVgo Inc. [NASDAQ:EVGO] reported sales of 10.51 billion, representing a surge of 69.40%. Gross Margin for this corporation currently stands at -84.38% with Operating Margin at -404.39%, Pretax Margin comes in at -260.03%, and Net Margin reading is -26.87%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.38 points at the first support level, and at 5.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.82, and for the 2nd resistance point, it is at 5.97.
EVgo Inc. [EVGO] reported earnings per share of -$0.19 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.15/share, meaning a difference of -$0.04 and a surprise factor of -26.70%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $0.06 per share as compared to estimates of -$0.16 per share, a difference of $0.22 representing a surprise of 137.50%.
Ratios To Look Out For
It’s worth pointing out that EVgo Inc. [NASDAQ:EVGO]’s Current Ratio is 4.30. In addition, the Quick Ratio stands at 10.80 and the Cash Ratio stands at 10.35. Considering the valuation of this stock, the price to sales ratio is 30.43.
Transactions by insiders
In the past 3 months, 1 insiders have purchased 25,291 shares, and 1 have sold 6,159 shares. Recent insider trading involved Shevorenkova Olga, Chief Financial Officer, that happened on Aug 16 when 34463.0 shares were sold. Chief Commercial Officer, Levy Jonathan Maier completed a deal on Aug 16 to sell 10000.0 shares. Meanwhile, Chief Executive Officer Zoi Catherine sold 42083.0 shares on Aug 15.