At the time of writing, EVgo Inc [EVGO] stock is trading at $2.76, up 0.36%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The EVGO shares have gain 15.00% over the last week, with a monthly amount drifted -9.51%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of EVgo Inc fluctuated between $1.65 and $9.07. Currently, Wall Street analysts expect the stock to reach $6.88 within the next 12 months. EVgo Inc [NASDAQ: EVGO] shares were valued at $2.76 at the most recent close of the market. An investor can expect a potential return of 149.28% based on the average EVGO price forecast.
Analyzing the EVGO fundamentals
According to EVgo Inc [NASDAQ:EVGO], the company’s sales were 256.82M for trailing twelve months, which represents an 35.04% jump. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at -0.5%, Pretax Profit Margin comes in at -0.5%, and Net Profit Margin reading is -0.37%. To continue investigating profitability, this company’s Return on Assets is posted at -0.12, Equity is -2.71 and Total Capital is -0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.2.
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 2.66 points at the first support level, and at 2.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.83, and for the 2nd resistance point, it is at 2.89.
Ratios To Look Out For
It is important to note that EVgo Inc [NASDAQ:EVGO] has a current ratio of 1.84. Also, the Quick Ratio is 1.84, while the Cash Ratio stands at 1.05. Considering the valuation of this stock, the price to sales ratio is 3.29.
Transactions by insiders
Recent insider trading involved KISH DENNIS G, President, that happened on Feb 03 ’25 when 44184.0 shares were sold. Officer, KISH DENNIS G completed a deal on Feb 03 ’25 to buy 44184.0 shares. Meanwhile, President KISH DENNIS G sold 17379.0 shares on Jan 03 ’25.
