The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
As of close of business last night, EVgo Inc’s stock clocked out at $6.67, down -3.75% from its previous closing price of $6.93. In other words, the price has decreased by -$3.75 from its previous closing price. On the day, 8.92 million shares were traded. EVGO stock price reached its highest trading level at $7.2 during the session, while it also had its lowest trading level at $6.38.
Ratios:
To gain a deeper understanding of EVGO’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.50 and its Current Ratio is at 2.50. In the meantime, Its Debt-to-Equity ratio is 5.86 whereas as Long-Term Debt/Eq ratio is at 5.39.
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 03, 2024, Upgraded its rating to Buy and sets its target price to $7 from $5 previously.
On October 03, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $7.
On July 22, 2024, UBS started tracking the stock assigning a Neutral rating and target price of $4.UBS initiated its Neutral rating on July 22, 2024, with a $4 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 12 ’24 when Sullivan Francine sold 12,584 shares for $3.60 per share. The transaction valued at 45,277 led to the insider holds 117,327 shares of the business.
KISH DENNIS G sold 16,414 shares of EVGO for $59,102 on Aug 12 ’24. The President now owns 47,614 shares after completing the transaction at $3.60 per share. On Aug 12 ’24, another insider, KISH DENNIS G, who serves as the Officer of the company, bought 16,414 shares for $3.66 each.
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 2018515328 and an Enterprise Value of 1109922944. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.44 while its Price-to-Book (P/B) ratio in mrq is 51.88. Its current Enterprise Value per Revenue stands at 5.365 whereas that against EBITDA is -13.682.
Stock Price History:
Over the past 52 weeks, EVGO has reached a high of $7.69, while it has fallen to a 52-week low of $1.65. The 50-Day Moving Average of the stock is 57.37%, while the 200-Day Moving Average is calculated to be 126.72%.
Shares Statistics:
It appears that EVGO traded 6.27M shares on average per day over the past three months and 22117220 shares per day over the past ten days. A total of 102.94M shares are outstanding, with a floating share count of 99.98M. Insiders hold about 6.41% of the company’s shares, while institutions hold 44.99% stake in the company. Shares short for EVGO as of 1726185600 were 25935306 with a Short Ratio of 4.14, compared to 1723680000 on 27525033. Therefore, it implies a Short% of Shares Outstanding of 25935306 and a Short% of Float of 25.740000000000002.
