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EVgo Inc (EVGO) Stock Could Soon Reward Patient Investors

EVgo Inc (NASDAQ: EVGO) is -51.12% lower on its value in year-to-date trading and has touched a low of $1.66 and a high of $6.48 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EVGO stock was last observed hovering at around $1.74 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $1.75, the stock is -16.45% and -26.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.09 million and changing 0.57% at the moment leaves the stock -43.90% off its SMA200. EVGO registered -71.82% loss for a year compared to 6-month loss of -30.28%.

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The stock witnessed a -23.25% gain in the last 1 month and extending the period to 3 months gives it a -36.36%, and is -6.91% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.46% over the week and 5.94% over the month.

EVgo Inc (EVGO) has around 292 employees, a market worth around $185.01M and $160.95M in sales. Profit margin for the company is -26.20%. Distance from 52-week low is 5.42% and -72.99% from its 52-week high.

The EPS is expected to grow by 17.89% this year.

EVgo Inc (EVGO) Top Institutional Holders

The shares outstanding are 102.94M, and float is at 99.16M with Short Float at 26.69%.

EVgo Inc (EVGO) Insider Activity

The most recent transaction is an insider sale by Sullivan Francine,the company’sChief Legal Officer. SEC filings show that Sullivan Francine sold 1,400 shares of the company’s common stock on Mar 19 ’24 at a price of $2.39 per share for a total of $3340.0. Following the sale, the insider now owns 88897.0 shares.

EVgo Inc disclosed in a document filed with the SEC on Mar 18 ’24 that Shevorenkova Olga (Chief Financial Officer) sold a total of 750 shares of the company’s common stock. The trade occurred on Mar 18 ’24 and was made at $2.43 per share for $1824.0. Following the transaction, the insider now directly holds 81241.0 shares of the EVGO stock.

Still, SEC filings show that on Mar 06 ’24, KISH DENNIS G (President) disposed off 34,717 shares at an average price of $3.00 for $0.1 million. The insider now directly holds 0 shares of EVgo Inc (EVGO).

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