For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, EVgo Inc (NASDAQ: EVGO) closed at $5.54 down -9.62% from its previous closing price of $6.13. In other words, the price has decreased by -$9.62 from its previous closing price. On the day, 9.35 million shares were traded. EVGO stock price reached its highest trading level at $6.19 during the session, while it also had its lowest trading level at $5.49.
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 1676547968 and an Enterprise Value of 989210176. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.32 while its Price-to-Book (P/B) ratio in mrq is 43.09. Its current Enterprise Value per Revenue stands at 4.782 whereas that against EBITDA is -12.194.
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 -8.06%, while the 200-Day Moving Average is calculated to be 59.19%.
Shares Statistics:
For the past three months, EVGO has traded an average of 7.04M shares per day and 6151670 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 44.84% stake in the company. Shares short for EVGO as of 1728950400 were 28585972 with a Short Ratio of 4.06, compared to 1726185600 on 25935306. Therefore, it implies a Short% of Shares Outstanding of 28585972 and a Short% of Float of 28.370002.
