EVgo Inc (NASDAQ:EVGO) shares traded 1.52% higher at $2.34 on Wall Street last session.
EVGO stock price is now 16.74% away from the 50-day moving average and -10.89% away from the 200-day moving average. The market capitalization of the company currently stands at $248.58M.
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With the price target of $3, The Benchmark Company recently initiated with Buy rating for EVgo Inc (NASDAQ: EVGO). On May 09, 2024, Cantor Fitzgerald Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock reducing its target price from $5 to quote $4, while ‘RBC Capital Mkts’ rates the stock as ‘Outperform’
In other news, Sullivan Francine, Chief Legal Officer sold 11,634 shares of the company’s stock on Jun 03 ’24. The stock was sold for $23,140 at an average price of $1.99. Upon completion of the transaction, the Chief Legal Officer now directly owns 102,554 shares in the company, valued at $0.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 13 ’24, CEO and Director Khan Badar bought 125,000 shares of the business’s stock. A total of $250,750 was incurred on buying the stock at an average price of $2.01. This leaves the insider owning 143,874 shares of the company worth $0.34 million. A total of 6.38% 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 fifty day moving average price for EVGO is $2.0135 and a two-hundred day moving average price translates $2.619425 for the stock.
The latest earnings results from EVgo Inc (NASDAQ: EVGO) was released for 2024-03-31. 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.
