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EVgo Inc (EVGO) – Don’t Believe the Hype: Check The Facts

EVgo Inc (NASDAQ: EVGO) is -22.72% lower on its value in year-to-date trading and has touched a low of $1.65 and a high of $9.07 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 $3.02 in the last trading session, with the day’s gains setting it 0.11%.

Currently trading at $3.13, the stock is -2.57% and -23.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.37 million and changing 3.64% at the moment leaves the stock -26.12% off its SMA200. EVGO registered 17.67% gain for a year compared to 6-month loss of -16.76%.

The stock witnessed a -8.21% gain in the last 1 month and extending the period to 3 months gives it a -38.02%, and is 14.23% up 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 6.25% over the week and 6.67% over the month.

EVgo Inc (EVGO) has around 292 employees, a market worth around $949.93M and $239.31M in sales. Profit margin for the company is -18.51%. Distance from 52-week low is 89.70% and -65.49% from its 52-week high.

with sales reaching $69.09M over the same period.The EPS is expected to grow by 11.37% this year, but quarterly earnings will post 60.75% year-over-year. Quarterly sales are estimated to grow 38.20% in year-over-year returns.

The shares outstanding are 130.69M, and float is at 123.56M with Short Float at 28.25%.

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 3.1681 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 KISH DENNIS G, the company’s President. SEC filings show that KISH DENNIS G sold 44,184 shares of the company’s common stock on Feb 03 ’25 at a price of $3.41 per share for a total of $0.15 million. Following the sale, the insider now owns 95986.0 shares.

Still, SEC filings show that on Jan 03 ’25, KISH DENNIS G (President) disposed off 17,379 shares at an average price of $4.32 for $75015.0. The insider now directly holds 13,655 shares of EVgo Inc (EVGO).

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