In yesterday’s Wall Street session, EVgo Inc (NASDAQ:EVGO) shares traded at $4.09, up 2.00% from the previous session.
EVGO stock price is now 78.52% away from the 50-day moving average and 59.08% away from the 200-day moving average. The market capitalization of the company currently stands at $434.48M.
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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, Lee Stephanie, Interim CFO sold 2,477 shares of the company’s stock on Jul 02 ’24. The stock was sold for $5,796 at an average price of $2.34. Upon completion of the transaction, the Interim CFO now directly owns 28,753 shares in the company, valued at $0.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 03 ’24, Chief Legal Officer Sullivan Francine sold 11,634 shares of the business’s stock. A total of $23,140 was realized by selling the stock at an average price of $1.99. This leaves the insider owning 102,554 shares of the company worth $0.42 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 $2.3349 and a two-hundred day moving average price translates $2.575175 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.
