The price of EVgo Inc (NASDAQ:EVGO) shares last traded on Wall Street rose 3.96% to $2.36.
EVGO stock price is now 8.89% away from the 50-day moving average and -19.44% away from the 200-day moving average. The market capitalization of the company currently stands at $250.70M.
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With the price target reduced from $5 to $4, Cantor Fitzgerald Upgraded its rating from Neutral to Overweight for EVgo Inc (NASDAQ: EVGO). On March 07, 2024, RBC Capital Mkts Upgraded its previous ‘Sector Perform’ rating to ‘Outperform’ on the stock reducing its target price from $5 to quote $4, while ‘Cantor Fitzgerald’ rates the stock as ‘Neutral’
In other news, Khan Badar, CEO and Director bought 125,000 shares of the company’s stock on May 13 ’24. The stock was bought for $250,750 at an average price of $2.01. Upon completion of the transaction, the CEO and Director now directly owns 143,874 shares in the company, valued at $0.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 19 ’24, Chief Legal Officer Sullivan Francine sold 1,400 shares of the business’s stock. A total of $3,340 was realized by selling the stock at an average price of $2.39. This leaves the insider owning 88,897 shares of the company worth $0.21 million. A total of 6.36% of the company’s stock is owned by insiders.
During the past 12 months, EVgo Inc has had a low of $1.65 and a high of $5.95. As of last week, the company has a debt-to-equity ratio of 2.94, a current ratio of 2.93, and a quick ratio of 2.93.
The company reported revenue of $55.16 million for the quarter, compared to $25.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 118.02 percent.
