After finishing at $2.39 in the prior trading day, EVgo Inc (NASDAQ: EVGO) closed at $2.54, up 6.28%. In other words, the price has increased by $+0.1500 from its previous closing price. On the day, 1828404 shares were traded.
Ratios:
Our goal is to gain a better understanding of EVGO by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.02 and its Current Ratio is at 3.02.
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 the company, TD Cowen on October 25, 2023, Downgraded its rating to Market Perform and sets its target price to $4 from $6 previously.
On September 08, 2023, RBC Capital Mkts started tracking the stock assigning a Sector Perform rating and target price of $5.
On May 17, 2023, Stifel started tracking the stock assigning a Buy rating and target price of $9.Stifel initiated its Buy rating on May 17, 2023, with a $9 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 02 when Shevorenkova Olga sold 53,635 shares for $2.09 per share. The transaction valued at 111,883 led to the insider holds 101,354 shares of the business.
KISH DENNIS G sold 44,184 shares of EVGO for $92,168 on Feb 02. The President now owns 34,717 shares after completing the transaction at $2.09 per share. On Feb 02, another insider, Sullivan Francine, who serves as the Chief Legal Officer of the company, sold 29,857 shares for $2.09 each. As a result, the insider received 62,282 and left with 90,297 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EVGO now has a Market Capitalization of 247.49M and an Enterprise Value of 90.25M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.90. Its current Enterprise Value per Revenue stands at 0.54 whereas that against EBITDA is -1.32.
Stock Price History:
Over the past 52 weeks, EVGO has reached a high of $8.16, while it has fallen to a 52-week low of $1.88. The 50-Day Moving Average of the stock is 2.8203, while the 200-Day Moving Average is calculated to be 3.5113.
Shares Statistics:
The stock has traded on average 2.66M shares per day over the past 3-months and 2.41M shares per day over the last 10 days, according to various share statistics. A total of 103.55M shares are outstanding, with a floating share count of 96.95M. Insiders hold about 6.38% of the company’s shares, while institutions hold 47.73% stake in the company. Shares short for EVGO as of Jan 31, 2024 were 24.32M with a Short Ratio of 9.13, compared to 22.42M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 23.48% and a Short% of Float of 23.54%.
Earnings Estimates
Its stock is currently analyzed by 9 different market analysts. On average, analysts expect EPS of -$0.18 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.41, while EPS last year was -$0.06. The consensus estimate for the next quarter is -$0.17, with high estimates of $0.01 and low estimates of -$0.42.
Analysts are recommending an EPS of between -$0.25 and -$0.79 for the fiscal current year, implying an average EPS of -$0.5. EPS for the following year is -$0.52, with 10 analysts recommending between $0.08 and -$1.52.
Revenue Estimates
10 analysts predict $44.03M in revenue for the current quarter. It ranges from a high estimate of $47.9M to a low estimate of $40.7M. As of the current estimate, EVgo Inc’s year-ago sales were $27.3M, an estimated increase of 61.30% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $52M, an increase of 105.50% over than the figure of $61.30% in the same quarter last year. There is a high estimate of $62.72M for the next quarter, whereas the lowest estimate is $41.7M.
A total of 11 analysts have provided revenue estimates for EVGO’s current fiscal year. The highest revenue estimate was $158.86M, while the lowest revenue estimate was $151.7M, resulting in an average revenue estimate of $154.87M. In the same quarter a year ago, actual revenue was $54.59M, up 183.70% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $260.86M in the next fiscal year. The high estimate is $305M and the low estimate is $213.2M. The average revenue growth estimate for next year is up 68.40% from the average revenue estimate for this year.
