Currently, EVgo Inc [EVGO] is trading at $2.68, up 5.51%. An important factor to consider is whether the stock is rising or falling in short-term value. The EVGO shares have gain 6.77% over the last week, with a monthly amount glided 6.35%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, EVgo to Report Fourth Quarter and Full Year 2023 Results on March 6, 2024. In a post published today on Yahoo Finance, EVgo Inc. (Nasdaq: EVGO), (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced that it will release its fourth quarter and full year 2023 financial results on Wednesday, March 6, 2024. This release will be followed by a webcast hosted by members of the EVgo management team at 8:00 a.m. PT (11:00 a.m. ET).
From an analyst’s perspective:
EVgo Inc [NASDAQ: EVGO] stock has seen the most recent analyst activity on October 25, 2023, when TD Cowen downgraded its rating to a Market Perform and also revised its price target to $4 from $6. Previously, RBC Capital Mkts started tracking the stock with Sector Perform rating on September 08, 2023, and set its price target to $5. On May 17, 2023, Stifel initiated with a Buy rating and assigned a price target of $9 on the stock. JP Morgan downgraded its rating to a Neutral and reduced its price target to $6 on January 26, 2023. Jefferies started tracking with a Hold rating for this stock on July 07, 2022, and assigned it a price target of $5.50. In a note dated June 08, 2022, CapitalOne upgraded an Overweight rating on this stock.
This stock has fluctuated between a low of $1.88 and a high of $8.16 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $12.25 within the next 12 months. EVgo Inc [NASDAQ: EVGO] shares were valued at $2.68 at the most recent close of the market. An investor can expect a potential return of 357.09% based on the average EVGO price forecast.
Analyzing the EVGO fundamentals
Trailing Twelve Months sales for EVgo Inc [NASDAQ:EVGO] were 138.26M which represents 234.07% growth. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
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 2.57 points at the first support level, and at 2.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.75, and for the 2nd resistance point, it is at 2.81.
EVgo Inc [EVGO] reported earnings per share of -$0.09 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.21/share, meaning a difference of $0.12 and a surprise factor of 57.10%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.08 per share as compared to estimates of -$0.27 per share, a difference of $0.19 representing a surprise of 70.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for EVgo Inc [NASDAQ:EVGO] is 3.02. On the other hand, the Quick Ratio is 3.02, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 2.01.
Transactions by insiders
Recent insider trading involved Shevorenkova Olga, Chief Financial Officer, that happened on Feb 02 when 53635.0 shares were sold. President, KISH DENNIS G completed a deal on Feb 02 to sell 44184.0 shares. Meanwhile, Chief Legal Officer Sullivan Francine sold 29857.0 shares on Feb 02.
