The closing price of EVgo Inc (NASDAQ: EVGO) was $2.41 for the day, down -3.60% from the previous closing price of $2.50. In other words, the price has decreased by -$0.0900 from its previous closing price. On the day, 1768928 shares were traded.
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 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:
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 Mar 06 ’24 when KISH DENNIS G sold 34,717 shares for $3.00 per share. The transaction valued at 104,151 led to the insider holds 0 shares of the business.
Shevorenkova Olga sold 19,363 shares of EVGO for $58,089 on Mar 06 ’24. The Chief Financial Officer now owns 81,991 shares after completing the transaction at $3.00 per share. On Feb 02 ’24, another insider, Shevorenkova Olga, who serves as the Chief Financial Officer of the company, sold 53,635 shares for $2.09 each. As a result, the insider received 111,883 and left with 101,354 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 264.29M and an Enterprise Value of 113.63M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.58. Its current Enterprise Value per Revenue stands at 0.77 whereas that against EBITDA is -1.73.
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 2.5925, while the 200-Day Moving Average is calculated to be 3.3530.
Shares Statistics:
EVGO traded an average of 2.85M shares per day over the past three months and 4.15M shares per day over the past ten 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 Feb 29, 2024 were 24.33M with a Short Ratio of 8.54, compared to 24.32M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 23.02% and a Short% of Float of 23.07%.
Earnings Estimates
The firm’s stock currently is rated by 6 analysts. 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 -$0.11, 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 7 analysts recommending between $0.3 and -$0.44.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $56.1M to a low estimate of $43.2M. As of the current estimate, EVgo Inc’s year-ago sales were $25.3M, an estimated increase of 99.60% 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.
