Beyond market averages, investors looking for exceptional returns turn to stock picking. Skillful choices in individual stocks have the power to substantially increase your wealth.
In the latest session, EVgo Inc (NASDAQ: EVGO) closed at $8.26 up 2.10% from its previous closing price of $8.09. In other words, the price has increased by $2.10 from its previous closing price. On the day, 4.24 million shares were traded. EVGO stock price reached its highest trading level at $8.41 during the session, while it also had its lowest trading level at $7.77.
Ratios:
For a deeper understanding of EVgo Inc’s stock, let’s take a closer look at its various 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, 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 2499690752 and an Enterprise Value of 1261615232. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.27 while its Price-to-Book (P/B) ratio in mrq is 64.25. Its current Enterprise Value per Revenue stands at 6.098 whereas that against EBITDA is -15.552.
Stock Price History:
Over the past 52 weeks, EVGO has reached a high of $8.80, while it has fallen to a 52-week low of $1.65. The 50-Day Moving Average of the stock is 63.57%, while the 200-Day Moving Average is calculated to be 161.52%.
Shares Statistics:
For the past three months, EVGO has traded an average of 6.80M shares per day and 8606730 over the past ten days. A total of 102.94M shares are outstanding, with a floating share count of 99.92M. Insiders hold about 6.46% of the company’s shares, while institutions hold 44.93% stake in the company. Shares short for EVGO as of 1727654400 were 27822832 with a Short Ratio of 4.09, compared to 1724976000 on 26200322. Therefore, it implies a Short% of Shares Outstanding of 27822832 and a Short% of Float of 27.61.
