EVgo Inc (NASDAQ: EVGO) Now $1.65 Higher From Its Low (6.19), Does It Still Have A Growth Story?

EVgo Inc (NASDAQ:EVGO) currently has a daily average trading volume of 6.96M but it saw 3155660 shares traded in last market. With a market cap of 2.37B USD, the company’s current market price of $7.84 came falling about -5.20 while comparing to the previous closing price of $8.27. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.07 and as low as $1.65. In the recent trading on the day, stock has struck highest price mark of $7.815 while lowest mark touched by it was $8.39.

Taking a look at 20-day trading activity of EVgo Inc (EVGO) gives us an average price of $7.85, while its current price level is -13.56% below from 52-week high level whereas it is 375.15% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.71 while that of 200 days or SMA-200 reads an average of $3.35. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.93% during that period while stretching the period over a month that increases to 10.83%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 58.08 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the UBS which upgraded the stock as “Buy” in its note to investors issued on October 10, 2024, recommending a price target of between $4 and $8.50 for it. TD Cowen upgraded its recommendation for the stock as a “Buy” from “Hold” on October 03, 2024 while assigning a price target range of $5-$7. JP Morgan also issued its recommendations for the stock as it upgraded the price target for the stock is $7.

Over the week, EVGO’s stock price is moving -12.30% down while it is 99.49% when we observe its performance for the past one month. Year-to-date it is 118.99% up and over the past year, the stock is showing an upside performance of 279.66%.

Currently, EVgo Inc’s total number of outstanding shares is 102.94M. Company’s return on investment (ROI) stands at -48.75%. Stock’s beta reads 2.56. Stock has a price to book (P/B) ratio of 60.98 while price to sale or P/S ratio amounts to 11.47. Its return on asset (ROA) is -5.26% on average.