EVgo Inc (NASDAQ: EVGO) is 16.76% higher on its value in year-to-date trading and has touched a low of $1.65 and a high of $4.70 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EVGO stock was last observed hovering at around $4.16 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $4.18, the stock is 6.90% and 18.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing 0.36% at the moment leaves the stock 51.23% off its SMA200. EVGO registered 2.70% gain for a year compared to 6-month gain of 50.36%.
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The stock witnessed a 11.76% loss in the last 1 month and extending the period to 3 months gives it a 115.46%, and is -3.69% 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 8.23% over the week and 7.65% over the month.
EVgo Inc (EVGO) has around 292 employees, a market worth around $446.55M and $206.88M in sales. Profit margin for the company is -20.46%. Distance from 52-week low is 153.33% and -11.06% from its 52-week high. The company has generated returns on investments over the last 12 months (-48.75%).
The EPS is expected to grow by 5.85% this year
234.0 institutions hold shares in EVgo Inc (EVGO), with institutional investors hold 45.90% of the company’s shares. The shares outstanding are 102.94M, and float is at 99.94M with Short Float at 27.54%. Institutions hold 45.46% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 10.07 million shares valued at $24.67 million. The investor’s holdings represent 9.6191 of the EVGO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 6.9 million shares valued at $16.91 million to account for 6.595 of the shares outstanding. The other top investors are STATE STREET CORP which holds 3.35 million shares representing 3.1956 and valued at over $8.2 million, while INVESCO LTD. holds 2.9042 of the shares totaling 3.04 million with a market value of $7.45 million.
EVgo Inc (EVGO) Insider Activity
The most recent transaction is an insider sale by Sullivan Francine, the company’s Chief Legal Officer. SEC filings show that Sullivan Francine sold 12,584 shares of the company’s common stock on Aug 12 ’24 at a price of $3.60 per share for a total of $45277.0. Following the sale, the insider now owns 0.12 million shares.
EVgo Inc disclosed in a document filed with the SEC on Aug 12 ’24 that KISH DENNIS G (President) sold a total of 16,414 shares of the company’s common stock. The trade occurred on Aug 12 ’24 and was made at $3.60 per share for $59102.0. Following the transaction, the insider now directly holds 47614.0 shares of the EVGO stock.
Still, SEC filings show that on Aug 12 ’24, KISH DENNIS G (Officer) Proposed Sale 16,414 shares at an average price of $3.66 for $60075.0. The insider now directly holds shares of EVgo Inc (EVGO).
