The price of EVgo Inc (NASDAQ:EVGO) shares last traded on Wall Street fell -1.11% to $2.68.
Based on available information, 13 analysts follow EVgo Inc (NASDAQ:EVGO). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $9.00 and a low of $5.00, we find $5.25. Given the previous closing price of $2.71, this indicates a potential upside of 93.73 percent. EVGO stock price is now -14.62% away from the 50-day moving average and -42.94% away from the 200-day moving average. The market capitalization of the company currently stands at $277.09M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
Among analysts, 9 rate the stock a hold while 4 rate it a buy. Brokers who have rated the stock have averaged $6.25 as their price target over the next twelve months.
With the price target reduced from $6 to $4, TD Cowen Downgraded its rating from Outperform to Market Perform for EVgo Inc (NASDAQ: EVGO).
In other news, Sullivan Francine, CLO and General Counsel sold 600 shares of the company’s stock on Aug 10. The stock was sold for $2,844 at an average price of $4.74. Upon completion of the transaction, the CLO and General Counsel now directly owns 55,246 shares in the company, valued at $0.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 09, Chief Financial Officer Shevorenkova Olga sold 17,162 shares of the business’s stock. A total of $82,378 was realized by selling the stock at an average price of $4.80. This leaves the insider owning 35,820 shares of the company worth $95997.6. Insiders disposed of 210,950 shares of company stock worth roughly $0.57 million over the past 1 year. A total of 6.26% of the company’s stock is owned by insiders.
A candlestick chart of EVgo Inc (NASDAQ: EVGO) showed a price of $2.8000 on Thursday morning. During the past 12 months, EVgo Inc has had a low of $1.88 and a high of $8.16. The fifty day moving average price for EVGO is $3.1390 and a two-hundred day moving average price translates $4.6964 for the stock.
The latest earnings results from EVgo Inc (NASDAQ: EVGO) was released for Sep, 2023. According to the Specialty Retail Company, earnings per share came in at -$0.08, beating analysts’ expectations of -$0.27 by 0.19. This compares to -$0.74 EPS in the same period last year. The company reported revenue of $35.11 million for the quarter, compared to $10.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 234.07 percent. For the current quarter, analysts expect EVGO to generate $29.94M 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.
