EVgo Inc (NASDAQ:EVGO) shares traded 10.75% higher at $8.45 on Wall Street last session.
EVGO stock price is now 80.46% away from the 50-day moving average and 176.42% away from the 200-day moving average. The market capitalization of the company currently stands at $902.71M.
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With the price target enhanced from $4 to $8.50, UBS Upgraded its rating from Neutral to Buy for EVgo Inc (NASDAQ: EVGO). On October 03, 2024, TD Cowen Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $5 to quote $7, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, Sullivan Francine, Chief Legal Officer sold 12,584 shares of the company’s stock on Aug 12 ’24. The stock was sold for $45,277 at an average price of $3.60. Upon completion of the transaction, the Chief Legal Officer now directly owns 117,327 shares in the company, valued at $0.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, President KISH DENNIS G sold 16,414 shares of the business’s stock. A total of $59,102 was realized by selling the stock at an average price of $3.60. This leaves the insider owning 47,614 shares of the company worth $0.4 million. A total of 6.41% 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 $7.94. As of last week, the company has a debt-to-equity ratio of 5.86, a current ratio of 2.50, and a quick ratio of 2.50. The fifty day moving average price for EVGO is $4.5865 and a two-hundred day moving average price translates $3.032625 for the stock.
The latest earnings results from EVgo Inc (NASDAQ: EVGO) was released for 2024-06-30. The company reported revenue of $66.62 million for the quarter, compared to $50.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.78 percent.
