At the time of writing, EVgo Inc [EVGO] stock is trading at $3.89, up 7.46%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The EVGO shares have gain 9.89% over the last week, with a monthly amount glided 66.24%, 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 July 22, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $4. Previously, The Benchmark Company started tracking the stock with Buy rating on June 05, 2024, and set its price target to $3. On May 09, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $4 on the stock. RBC Capital Mkts upgraded its rating to a Outperform and decreased its price target to $4 on March 07, 2024. Cantor Fitzgerald downgraded its rating to a Neutral but $5 remained the price target by the analyst firm on March 07, 2024. TD Cowen downgraded its rating to Market Perform for this stock on October 25, 2023, and downed its price target to $4. In a note dated September 08, 2023, RBC Capital Mkts initiated an Sector Perform rating and provided a target price of $5 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 $8.6 within the next 12 months. EVgo Inc [NASDAQ: EVGO] shares were valued at $3.89 at the most recent close of the market. An investor can expect a potential return of 121.08% 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 3.72 points at the first support level, and at 3.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.03, and for the 2nd resistance point, it is at 4.18.
Ratios To Look Out For
It is important to note that EVgo Inc [NASDAQ:EVGO] has a current ratio of 2.93. As well, the Quick Ratio is 2.93, while the Cash Ratio is 2.15. Considering the valuation of this stock, the price to sales ratio is 2.17, the price to book ratio is 15.97.
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.
