Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
After finishing at $1.99 in the prior trading day, EVgo Inc (NASDAQ: EVGO) closed at $1.79, down -10.05%. In other words, the price has decreased by -$10.05 from its previous closing price. On the day, 8.72 million shares were traded. EVGO stock price reached its highest trading level at $2.08 during the session, while it also had its lowest trading level at $1.75.
Ratios:
Our goal is to gain a better understanding of EVGO by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.98 and its Current Ratio is at 2.98.
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, RBC Capital Mkts on March 07, 2024, Upgraded its rating to Outperform and sets its target price to $4 from $5 previously.
On March 07, 2024, Cantor Fitzgerald Downgraded its rating to Neutral which previously was Overweight but kept the price unchanged to $5.
TD Cowen Downgraded its Outperform to Market Perform on October 25, 2023, whereas the target price for the stock was revised from $6 to $4.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 19 ’24 when Sullivan Francine sold 1,400 shares for $2.39 per share. The transaction valued at 3,340 led to the insider holds 88,897 shares of the business.
Shevorenkova Olga sold 750 shares of EVGO for $1,824 on Mar 18 ’24. The Chief Financial Officer now owns 81,241 shares after completing the transaction at $2.43 per share. On Mar 06 ’24, another insider, KISH DENNIS G, who serves as the President of the company, sold 34,717 shares for $3.00 each. As a result, the insider received 104,151 and left with 0 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 540497600 and an Enterprise Value of 770897152. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.18. Its current Enterprise Value per Revenue stands at 4.79 whereas that against EBITDA is -7.878.
Stock Price History:
Over the past 52 weeks, EVGO has reached a high of $6.48, while it has fallen to a 52-week low of $1.65. The 50-Day Moving Average of the stock is -21.07%, while the 200-Day Moving Average is calculated to be -40.24%.
Shares Statistics:
The stock has traded on average 2.85M shares per day over the past 3-months and 3018280 shares per day over the last 10 days, according to various share statistics. A total of 102.94M shares are outstanding, with a floating share count of 99.00M. Insiders hold about 6.36% of the company’s shares, while institutions hold 44.49% stake in the company. Shares short for EVGO as of 1713139200 were 28999753 with a Short Ratio of 10.17, compared to 1710460800 on 25180701. Therefore, it implies a Short% of Shares Outstanding of 28999753 and a Short% of Float of 28.970000000000002.
