In the latest session, EVgo Inc (NASDAQ: EVGO) closed at $3.02 up 8.63% from its previous closing price of $2.78. In other words, the price has increased by $+0.2400 from its previous closing price. On the day, 12871022 shares were traded.
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 3.02 and its Current Ratio is at 3.02.
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 25, 2023, Downgraded its rating to Market Perform and sets its target price to $4 from $6 previously.
On September 08, 2023, RBC Capital Mkts started tracking the stock assigning a Sector Perform rating and target price of $5.
On May 17, 2023, Stifel started tracking the stock assigning a Buy rating and target price of $9.Stifel initiated its Buy rating on May 17, 2023, with a $9 target price.
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 Feb 02 ’24 when Shevorenkova Olga sold 53,635 shares for $2.09 per share. The transaction valued at 111,883 led to the insider holds 101,354 shares of the business.
KISH DENNIS G sold 44,184 shares of EVGO for $92,168 on Feb 02 ’24. The President now owns 34,717 shares after completing the transaction at $2.09 per share. On Feb 02 ’24, another insider, Sullivan Francine, who serves as the Chief Legal Officer of the company, sold 29,857 shares for $2.09 each. As a result, the insider received 62,282 and left with 90,297 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 287.88M and an Enterprise Value of 115.11M. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.26. Its current Enterprise Value per Revenue stands at 0.83 whereas that against EBITDA is -1.68.
Stock Price History:
Over the past 52 weeks, EVGO has reached a high of $8.16, while it has fallen to a 52-week low of $1.88. The 50-Day Moving Average of the stock is 2.7313, while the 200-Day Moving Average is calculated to be 3.4088.
Shares Statistics:
For the past three months, EVGO has traded an average of 2.64M shares per day and 2.52M over the past ten days. A total of 103.55M shares are outstanding, with a floating share count of 96.95M. Insiders hold about 6.38% of the company’s shares, while institutions hold 47.70% stake in the company. Shares short for EVGO as of Feb 15, 2024 were 23.88M with a Short Ratio of 9.06, compared to 23.68M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 23.06% and a Short% of Float of 23.11%.
Earnings Estimates
There are 9 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.18 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.41, while EPS last year was -$0.06. The consensus estimate for the next quarter is -$0.17, with high estimates of $0.01 and low estimates of -$0.42.
Analysts are recommending an EPS of between -$0.25 and -$0.79 for the fiscal current year, implying an average EPS of -$0.5. EPS for the following year is -$0.52, with 10 analysts recommending between $0.08 and -$1.52.
Revenue Estimates
A total of 10 analysts believe the company’s revenue will be $44.03M this quarter.It ranges from a high estimate of $47.9M to a low estimate of $40.7M. As of the current estimate, EVgo Inc’s year-ago sales were $27.3M, an estimated increase of 61.30% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $52M, an increase of 105.50% over than the figure of $61.30% in the same quarter last year. There is a high estimate of $62.72M for the next quarter, whereas the lowest estimate is $41.7M.
A total of 11 analysts have provided revenue estimates for EVGO’s current fiscal year. The highest revenue estimate was $158.86M, while the lowest revenue estimate was $151.7M, resulting in an average revenue estimate of $154.87M. In the same quarter a year ago, actual revenue was $54.59M, up 183.70% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $260.86M in the next fiscal year. The high estimate is $305M and the low estimate is $213.2M. The average revenue growth estimate for next year is up 68.40% from the average revenue estimate for this year.
