At the time of writing, EVgo Inc [EVGO] stock is trading at $4.00, up 18.69%. 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 gain 43.37% over the last week, with a monthly amount glided 86.92%, and 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 June 05, 2024, when The Benchmark Company initiated its Buy rating and assigned the stock a price target of $3. Previously, Cantor Fitzgerald upgraded its rating to Overweight on May 09, 2024, and dropped its price target to $4. On March 07, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $4 on the stock. Cantor Fitzgerald downgraded its rating to a Neutral but stick to its price target of $5 on March 07, 2024. TD Cowen downgraded its rating to a Market Perform and reduced its price target to $4 on October 25, 2023. RBC Capital Mkts started tracking with a Sector Perform rating for this stock on September 08, 2023, and assigned it a price target of $5. In a note dated May 17, 2023, Stifel initiated an Buy rating and provided a target price of $9 on this stock.
For the past year, the stock price of EVgo Inc fluctuated between $1.65 and $5.95. Currently, Wall Street analysts expect the stock to reach $9.75 within the next 12 months. EVgo Inc [NASDAQ: EVGO] shares were valued at $4.00 at the most recent close of the market. An investor can expect a potential return of 143.75% based on the average EVGO price forecast.
Analyzing the EVGO fundamentals
According to EVgo Inc [NASDAQ:EVGO], the company’s sales were 190.81M for trailing twelve months, which represents an 118.02% jump. Gross Profit Margin for this corporation currently stands at 0.03% with Operating Profit Margin at -0.73%, Pretax Profit Margin comes in at -0.6%, and Net Profit Margin reading is -0.21%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is 0.37 and Total Capital is -0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.94.
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 3.63 points at the first support level, and at 3.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.21, and for the 2nd resistance point, it is at 4.42.
Ratios To Look Out For
It is important to note that EVgo Inc [NASDAQ:EVGO] has a current ratio of 2.93. In addition, the Quick Ratio stands at 2.93 and the Cash Ratio stands at 2.15. Considering the valuation of this stock, the price to sales ratio is 2.23, the price to book ratio is 16.43.
Transactions by insiders
Recent insider trading involved Lee Stephanie, Interim CFO, that happened on Jul 02 ’24 when 2477.0 shares were sold. Chief Legal Officer, Sullivan Francine completed a deal on Jun 03 ’24 to sell 11634.0 shares. Meanwhile, CEO and Director Khan Badar bought 0.12 million shares on May 13 ’24.
