EVgo Inc. (NASDAQ:EVGO) does about 4.87M shares in volume on a normal day but saw 2084365 shares change hands in Friday trading. The company now has a market cap of 1.25B USD . Its current market price is $4.18, remained unchanged the previous close of $4.18. The 52 week high reached by this stock is $10.91 whilst the lowest price level in 52 weeks is $3.45. The script in recent trading has seen the stock touch a high of $4.275 and a low of $4.0806.
EVgo Inc. (EVGO) has a 20-day trading average at $4.44 and the current price is -61.69% off the 52-week high compared with 21.16% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.28 and its 200-day simple moving average is $5.39. If we look at the stock’s price movements over the week, volatility stands at 4.54%, which increases to 6.80% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 44.12 to suggest the stock is neutral.
The consensus objective for the share price is $6.92, suggesting that the stock has a potential upside of 39.6% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 17, 2023 when Stifel initiated the stock to “Buy” and issued a price target of $9.
The current price level is -5.96%, -2.36%, and -22.67% away from its SMA20, SMA50, and SMA200 respectively, with the EVGO price moving above the 50-day SMA on August 18. EVgo Inc. (EVGO) stock is down -6.90% over the week and -1.18% over the past month. Its price is -6.49% year-to-date and -61.08% over the past year.
Its 12-month price target is $7.00. To reach the target analysts have set, the stock logically needs to grow 39.6 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $1.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $12.00.
Outstanding shares total 299.19M with insiders holding 0.64% of the shares and institutional holders owning 36.69% of the company’s common stock. The company has a return on investment of 41.80% and return on equity of 5.70%. The beta has a value of 1.91. Price to sales ratio is 11.00.
Vanguard Total Stock Market ETF isn’t the only investment manager who changed stakes and is followed by Vanguard Small Cap Index Fund, which added 5029.0 shares to end up with 2,640,869 shares worth $11.54 million. Invesco WilderHill Clean Energy E cut their holdings by -0.17% in the company over the course of the most recent quarter. It now holds a 2.25% position in EVgo Inc. thanks to 2.29 million shares amounting to $10.03 million.
