There Is Still Room For EVgo Inc. (EVGO) to Improve Its Value – Let’s Wait for Clarity

The closing price of EVgo Inc. (NASDAQ: EVGO) was $6.24 for the day, up 17.29% from the previous closing price of $5.32. In other words, the price has increased by $+0.92 from its previous closing price. On the day, 5337227 shares were traded. EVGO stock price reached its highest trading level at $6.33 during the session, while it also had its lowest trading level at $5.31.

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Ratios:

Our analysis of EVGO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.30 and its Current Ratio is at 4.30.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on July 07, 2022, initiated with a Hold rating and assigned the stock a target price of $5.50.

Credit Suisse Upgraded its Neutral to Outperform on May 12, 2022, while the target price for the stock was maintained at $14.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 16 when Levy Jonathan Maier sold 10,000 shares for $12.04 per share. The transaction valued at 120,400 led to the insider holds 20,878 shares of the business.

Shevorenkova Olga sold 34,463 shares of EVGO for $411,833 on Aug 16. The Chief Financial Officer now owns 0 shares after completing the transaction at $11.95 per share. On Aug 15, another insider, Zoi Catherine, who serves as the Chief Executive Officer of the company, sold 42,083 shares for $11.52 each. As a result, the insider received 484,796 and left with 57,598 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 46.83.

Stock Price History:

Over the past 52 weeks, EVGO has reached a high of $14.23, while it has fallen to a 52-week low of $3.64. The 50-Day Moving Average of the stock is 5.51, while the 200-Day Moving Average is calculated to be 7.96.

Shares Statistics:

EVGO traded an average of 2.44M shares per day over the past three months and 3.91M shares per day over the past ten days. A total of 68.62M shares are outstanding, with a floating share count of 68.45M. Insiders hold about 0.40% of the company’s shares, while institutions hold 52.10% stake in the company. Shares short for EVGO as of Oct 13, 2022 were 21.11M with a Short Ratio of 24.86M, compared to 21.34M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 30.56% and a Short% of Float of 30.93%.

Earnings Estimates

The firm’s stock currently is rated by 10 analysts. On average, analysts expect EPS of -$0.15 for the current quarter, with a high estimate of -$0.07 and a low estimate of -$0.46, while EPS last year was -$0.46. The consensus estimate for the next quarter is -$0.15, with high estimates of -$0.08 and low estimates of -$0.46.

Analysts are recommending an EPS of between -$0.24 and -$0.46 for the fiscal current year, implying an average EPS of -$0.38. EPS for the following year is -$0.5, with 12 analysts recommending between -$0.14 and -$1.74.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 11 analysts. It ranges from a high estimate of $15M to a low estimate of $12M. As of the current estimate, EVgo Inc.’s year-ago sales were $6.18M, an estimated increase of 115.00% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $18.76M, an increase of 163.50% over than the figure of $115.00% in the same quarter last year. There is a high estimate of $24.7M for the next quarter, whereas the lowest estimate is $13.82M.

A total of 11 analysts have provided revenue estimates for EVGO’s current fiscal year. The highest revenue estimate was $56M, while the lowest revenue estimate was $47.3M, resulting in an average revenue estimate of $49.77M. In the same quarter a year ago, actual revenue was $22.21M, up 124.00% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $165.77M in the next fiscal year. The high estimate is $282.67M and the low estimate is $112.4M. The average revenue growth estimate for next year is up 233.10% from the average revenue estimate for this year.