In yesterday’s Wall Street session, EVgo Inc. (NASDAQ:EVGO) shares traded at $4.16, down -10.73% from the previous session.
13 analysts cover EVgo Inc. (NASDAQ:EVGO), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $7.00, we find $9.00. Given the previous closing price of $4.66, this indicates a potential upside of 93.13 percent. EVGO stock price is now -30.93% away from the 50-day moving average and -39.31% away from the 200-day moving average. The market capitalization of the company currently stands at $1.16B.
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The stock has received a hold rating from 7 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $9.00 as their price target over the next twelve months.
With the price target of $9, Stifel recently initiated with Buy rating for EVgo Inc. (NASDAQ: EVGO)., while ‘JP Morgan’ rates the stock as ‘Neutral’.
In other news, Shevorenkova Olga, Chief Financial Officer sold 34,463 shares of the company’s stock on Aug 16. The stock was sold for $411,833 at an average price of $11.95. Upon completion of the transaction, the Chief Financial Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16, Chief Commercial Officer Levy Jonathan Maier sold 10,000 shares of the business’s stock. A total of $120,400 was realized by selling the stock at an average price of $12.04. This leaves the insider owning 20,878 shares of the company worth $86852.48. Insiders disposed of 143,214 shares of company stock worth roughly $0.6 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EVGO stock. A new stake in EVgo Inc. shares was purchased by PRIVATE ADVISORY GROUP LLC during the first quarter worth $1,687,000. HRT FINANCIAL LP invested $1,057,000 in shares of EVGO during the first quarter. In the first quarter, EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in EVgo Inc. valued at approximately $204,000. Y-INTERCEPT (HONG KONG) LTD acquired a new stake in EVGO for approximately $110,000. PFG INVESTMENTS, LLC purchased a new stake in EVGO valued at around $84,000 in the second quarter. In total, there are 253 active investors with 52.10% ownership of the company’s stock.
On Thursday morning EVgo Inc. (NASDAQ: EVGO) stock kicked off with the opening price of $4.2600. During the past 12 months, EVgo Inc. has had a low of $3.64 and a high of $12.65. The fifty day moving average price for EVGO is $5.9826 and a two-hundred day moving average price translates $6.8327 for the stock.
The latest earnings results from EVgo Inc. (NASDAQ: EVGO) was released for Mar, 2023. According to the Specialty Retail Company, earnings per share came in at -$0.18, beating analysts’ expectations of -$0.21 by 0.03. This compares to -$0.81 EPS in the same period last year. The net profit margin was -36.20% and return on equity was 3.40% for EVGO. The company reported revenue of $25.3 million for the quarter, compared to $7.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 228.57 percent. For the current quarter, analysts expect EVGO to generate $30.15M in revenue.
EVgo Inc.(EVGO) Company Profile
EVgo, Inc. owns and operates a direct current fast charging network for electric vehicles (EVs) in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services. It also provides ancillary services, such as customization of digital applications, charging data integration, loyalty programs, access to chargers behind parking lot or garage pay gates and microtargeted advertising, and charging reservations; and hardware, design, and construction services for charging sites, as well as ongoing operations, maintenance, and networking and software integration solutions through eXtend. EVgo, Inc. was incorporated in 2010 and is headquartered in Los Angeles, California.
