EVgo Inc [EVGO] stock is trading at $6.36, up 1.76%. 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 25.69% over the last week, with a monthly amount drifted -28.86%, 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 October 10, 2024, when UBS upgraded its rating to a Buy and also boosted its price target to $8.50 from $4. Previously, TD Cowen upgraded its rating to Buy on October 03, 2024, and elevated its price target to $7. On October 03, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $7 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $4 on July 22, 2024. The Benchmark Company initiated its recommendation with a Buy and recommended $3 as its price target on June 05, 2024. Cantor Fitzgerald upgraded its rating to Overweight for this stock on May 09, 2024, and downed its price target to $4. In a note dated March 07, 2024, RBC Capital Mkts upgraded an Outperform rating on this stock and revised its target price from $5 to $4.
EVgo Inc [EVGO] stock has fluctuated between $1.65 and $9.07 over the past year. Currently, Wall Street analysts expect the stock to reach $9.58 within the next 12 months. EVgo Inc [NASDAQ: EVGO] shares were valued at $6.36 at the most recent close of the market. An investor can expect a potential return of 50.63% based on the average EVGO price forecast.
Analyzing the EVGO fundamentals
EVgo Inc [NASDAQ:EVGO] reported sales of 239.31M for the trailing twelve months, which represents a growth of 92.37%. Gross Profit Margin for this corporation currently stands at 0.05% with Operating Profit Margin at -0.58%, Pretax Profit Margin comes in at -0.53%, and Net Profit Margin reading is -0.28%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is 0.57 and Total Capital is -0.2.
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 6.11 points at the first support level, and at 5.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.52, and for the 2nd resistance point, it is at 6.68.
Ratios To Look Out For
For context, EVgo Inc’s Current Ratio is 2.19. As well, the Quick Ratio is 2.19, while the Cash Ratio is 1.5. Considering the valuation of this stock, the price to sales ratio is 8.20.
Transactions by insiders
Recent insider trading involved Khan Badar, Chief Executive Officer, that happened on Nov 14 ’24 when 0.17 million shares were sold. Officer, Khan Badar completed a deal on Nov 14 ’24 to buy 0.17 million shares. Meanwhile, Chief Legal Officer Sullivan Francine sold 12584.0 shares on Aug 12 ’24.
