EVgo Inc [EVGO] stock prices are up 0.89% to $4.53 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The EVGO shares have gain 7.60% over the last week, with a monthly amount glided 25.14%, 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.
The stock price of EVgo Inc [EVGO] has been fluctuating between $1.65 and $4.70 over the past year. Currently, Wall Street analysts expect the stock to reach $8.33 within the next 12 months. EVgo Inc [NASDAQ: EVGO] shares were valued at $4.53 at the most recent close of the market. An investor can expect a potential return of 83.89% based on the average EVGO price forecast.
Analyzing the EVGO fundamentals
The EVgo Inc [NASDAQ:EVGO] reported sales of 206.88M for trailing twelve months, representing a surge of 31.78%. Gross Profit Margin for this corporation currently stands at 0.01% with Operating Profit Margin at -0.66%, Pretax Profit Margin comes in at -0.59%, and Net Profit Margin reading is -0.2%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is 0.79 and Total Capital is -0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.86.
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 4.43 points at the first support level, and at 4.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.62, and for the 2nd resistance point, it is at 4.70.
Ratios To Look Out For
It’s worth pointing out that EVgo Inc [NASDAQ:EVGO]’s Current Ratio is 2.50. On the other hand, the Quick Ratio is 2.50, and the Cash Ratio is 1.81. Considering the valuation of this stock, the price to sales ratio is 2.34, the price to book ratio is 35.24.
Transactions by insiders
Recent insider trading involved Sullivan Francine, Chief Legal Officer, that happened on Aug 12 ’24 when 12584.0 shares were sold. President, KISH DENNIS G completed a deal on Aug 12 ’24 to sell 16414.0 shares. Meanwhile, Officer KISH DENNIS G bought 16414.0 shares on Aug 12 ’24.
