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The closing price of EVgo Inc (NASDAQ: EVGO) was $6.09 for the day, down -2.09% from the previous closing price of $6.22. In other words, the price has decreased by -$2.09 from its previous closing price. On the day, 12.44 million shares were traded. EVGO stock price reached its highest trading level at $6.89 during the session, while it also had its lowest trading level at $5.94.
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 2.19 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:
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 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 1846195712 and an Enterprise Value of 1408315904. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.55. Its current Enterprise Value per Revenue stands at 5.885 whereas that against EBITDA is -20.337.
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 -11.34%, while the 200-Day Moving Average is calculated to be 55.56%.
Shares Statistics:
EVGO traded an average of 8.76M shares per day over the past three months and 5200000 shares per day over the past ten days. A total of 106.28M shares are outstanding, with a floating share count of 100.35M. Insiders hold about 6.59% of the company’s shares, while institutions hold 52.93% stake in the company. Shares short for EVGO as of 1732838400 were 35866943 with a Short Ratio of 4.10, compared to 1730332800 on 32694016. Therefore, it implies a Short% of Shares Outstanding of 35866943 and a Short% of Float of 35.410000000000004.
