The price of EVgo Inc (NASDAQ: EVGO) closed at $2.21 in the last session, down -8.30% from day before closing price of $2.41. In other words, the price has decreased by -$0.2000 from its previous closing price. On the day, 3118965 shares were traded.
Ratios:
We take a closer look at EVGO’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.98 and its Current Ratio is at 2.98.
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, RBC Capital Mkts on March 07, 2024, Upgraded its rating to Outperform and sets its target price to $4 from $5 previously.
On March 07, 2024, Cantor Fitzgerald Downgraded its rating to Neutral which previously was Overweight but kept the price unchanged to $5.
TD Cowen Downgraded its Outperform to Market Perform on October 25, 2023, whereas the target price for the stock was revised from $6 to $4.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 19 ’24 when Sullivan Francine sold 1,400 shares for $2.39 per share. The transaction valued at 3,340 led to the insider holds 88,897 shares of the business.
Shevorenkova Olga sold 750 shares of EVGO for $1,824 on Mar 18 ’24. The Chief Financial Officer now owns 81,241 shares after completing the transaction at $2.43 per share. On Mar 06 ’24, another insider, KISH DENNIS G, who serves as the President of the company, sold 34,717 shares for $3.00 each. As a result, the insider received 104,151 and left with 0 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 233.63M and an Enterprise Value of 92.49M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.45. Its current Enterprise Value per Revenue stands at 0.57 whereas that against EBITDA is -1.11.
Stock Price History:
Over the past 52 weeks, EVGO has reached a high of $7.90, while it has fallen to a 52-week low of $1.88. The 50-Day Moving Average of the stock is 2.5017, while the 200-Day Moving Average is calculated to be 3.2665.
Shares Statistics:
According to the various share statistics, EVGO traded on average about 2.87M shares per day over the past 3-months and 2.68M shares per day over the past 10 days. A total of 102.94M shares are outstanding, with a floating share count of 99.05M. Insiders hold about 6.30% of the company’s shares, while institutions hold 46.73% stake in the company. Shares short for EVGO as of Mar 15, 2024 were 25.18M with a Short Ratio of 8.77, compared to 23.88M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 23.82% and a Short% of Float of 23.87%.
Earnings Estimates
The company has 7 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.18, while EPS last year was -$0.18. The consensus estimate for the next quarter is -$0.1, with high estimates of $0 and low estimates of -$0.18.
Analysts are recommending an EPS of between $0.03 and -$0.67 for the fiscal current year, implying an average EPS of -$0.39. EPS for the following year is -$0.21, with 8 analysts recommending between $0.3 and -$0.44.
Revenue Estimates
According to 8 analysts, the current quarter’s revenue is expected to be $52.09M. It ranges from a high estimate of $56.1M to a low estimate of $44M. As of the current estimate, EVgo Inc’s year-ago sales were $25.3M, an estimated increase of 105.90% from the year-ago figure.
A total of 9 analysts have provided revenue estimates for EVGO’s current fiscal year. The highest revenue estimate was $261.9M, while the lowest revenue estimate was $235.95M, resulting in an average revenue estimate of $251.15M. In the same quarter a year ago, actual revenue was $160.95M, up 56.00% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $364.34M in the next fiscal year. The high estimate is $400M and the low estimate is $324.7M. The average revenue growth estimate for next year is up 45.10% from the average revenue estimate for this year.
