EVgo Inc (NASDAQ:EVGO) traded at $1.81 at close of the session on Friday, April 26, made an upward move of 5.85% on its previous day’s price.
Looking at the stock we see that its previous close was $1.71 . In terms of its 52-week price range, EVGO has a high of $6.48 and a low of $1.65. The company’s stock has lost about -26.72% over that past 30 days.
EVgo Inc has a market cap of $191.35 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.11, with the EPS growth for the year raised at -$0.36 for 2024 and -$0.22 for next year. These figures represent 21.70% and 38.90% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $52.39 million, with a low of $44 million and a high of $57.9 million. The median projection represents growth squeezing down to 107.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $251.73 million, or 56.40% up from figures reported last year.
On the other hand, looking at the outlook for the EVGO stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -9.57% off its SMA20 and -23.12% from its 50-day simple moving average. The RSI (14) is pointing at 35.78 while the volatility over the past week is 6.68% and jumps to 5.66% over the past one month. The beta value is 2.55, while the average true range (ATR) is currently pointing at 0.13.
Coming back to EVgo Inc (NASDAQ:EVGO), we note that the average 3-month trading volume was 2.86 million. Current shares outstanding are 102.94 million.
The insiders hold 6.36% of the company’s shares while institutions hold 46.83%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -49.44% down in year-to-date price movement.
