Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, EVgo Inc’s stock clocked out at $1.74, up 0.58% from its previous closing price of $1.73. In other words, the price has increased by $0.58 from its previous closing price. On the day, 3.28 million shares were traded. EVGO stock price reached its highest trading level at $1.78 during the session, while it also had its lowest trading level at $1.66.
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 2.98 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:
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 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 525399936 and an Enterprise Value of 744468224. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.14. Its current Enterprise Value per Revenue stands at 4.625 whereas that against EBITDA is -7.608.
Stock Price History:
The Beta on a monthly basis for EVGO is 2.55, which has changed by -0.6984402 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, EVGO has reached a high of $6.48, while it has fallen to a 52-week low of $1.70. The 50-Day Moving Average of the stock is -27.57%, while the 200-Day Moving Average is calculated to be -44.44%.
Shares Statistics:
It appears that EVGO traded 2.89M shares on average per day over the past three months and 2445830 shares per day over the past ten days. A total of 102.94M shares are outstanding, with a floating share count of 99.16M. Insiders hold about 6.20% of the company’s shares, while institutions hold 46.73% stake in the company. Shares short for EVGO as of 1711584000 were 26461020 with a Short Ratio of 9.16, compared to 1709164800 on 24333356. Therefore, it implies a Short% of Shares Outstanding of 26461020 and a Short% of Float of 26.44.
Earnings Estimates
The dynamic stock of EVgo Inc (EVGO) is currently attracting attention from 8 analysts actively involved in rating its market status.On average, analysts expect EPS of $-0.11 for the current quarter, with a high estimate of $-0.03 and a low estimate of $-0.18, while EPS last year was $-0.18. The consensus estimate for the next quarter is $-0.1, with high estimates of $0 and low estimates of $-0.18.
Analysts are recommending an EPS of between $0.03 and $-0.67 for the fiscal current year, implying an average EPS of $-0.36. EPS for the following year is $-0.22, with 9 analysts recommending between $0.3 and $-0.44.
Revenue Estimates
In the current quarter, 9 analysts expect revenue to total $52.39M. It ranges from a high estimate of $57.9M to a low estimate of $44M. As of the current estimate, EVgo Inc’s year-ago sales were $25.3M, an estimated increase of 107.10% from the year-ago figure.
A total of 10 analysts have provided revenue estimates for EVGO’s current fiscal year. The highest revenue estimate was $261.9M, while the lowest revenue estimate was $240.3M, resulting in an average revenue estimate of $251.73M. In the same quarter a year ago, actual revenue was $160.95M, up 56.40% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $371.33M in the next fiscal year. The high estimate is $421.39M and the low estimate is $339.09M. The average revenue growth estimate for next year is up 47.50% from the average revenue estimate for this year.
