Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of EVgo Inc (NASDAQ: EVGO) closed at $5.06 in the last session, up 0.20% from day before closing price of $5.05. In other words, the price has increased by $0.20 from its previous closing price. On the day, 6.3 million shares were traded. EVGO stock price reached its highest trading level at $5.135 during the session, while it also had its lowest trading level at $4.81.
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 2.19 and its Current Ratio is at 2.19.
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, UBS on October 10, 2024, Upgraded its rating to Buy and sets its target price to $8.50 from $4 previously.
On October 03, 2024, TD Cowen Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $5 to $7.
JP Morgan Upgraded its Neutral to Overweight on October 03, 2024, while the target price for the stock was maintained at $7.
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 Nov 14 ’24 when Khan Badar sold 166,725 shares for $5.14 per share. The transaction valued at 856,233 led to the insider holds 348,761 shares of the business.
Khan Badar bought 166,725 shares of EVGO for $878,640 on Nov 14 ’24. On Aug 12 ’24, another insider, Sullivan Francine, who serves as the Chief Legal Officer of the company, sold 12,584 shares for $3.60 each. As a result, the insider received 45,277 and left with 117,327 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 1533949056 and an Enterprise Value of 1297743104. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.42. Its current Enterprise Value per Revenue stands at 5.423 whereas that against EBITDA is -18.74.
Stock Price History:
Over the past 52 weeks, EVGO has reached a high of $9.07, while it has fallen to a 52-week low of $1.65. The 50-Day Moving Average of the stock is -17.29%, while the 200-Day Moving Average is calculated to be 42.62%.
Shares Statistics:
According to the various share statistics, EVGO traded on average about 7.84M shares per day over the past 3-months and 10216180 shares per day over the past 10 days. A total of 102.94M shares are outstanding, with a floating share count of 100.42M. Insiders hold about 6.46% of the company’s shares, while institutions hold 52.88% stake in the company. Shares short for EVGO as of 1730332800 were 32694016 with a Short Ratio of 4.17, compared to 1727654400 on 27822832. Therefore, it implies a Short% of Shares Outstanding of 32694016 and a Short% of Float of 32.45.
