EVgo Inc (NASDAQ:EVGO) shares traded -25.95% lower at $4.68 on Wall Street last session.
EVGO stock price is now -31.24% away from the 50-day moving average and 18.74% away from the 200-day moving average. The market capitalization of the company currently stands at $1.42B.
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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, Khan Badar, Chief Executive Officer sold 166,725 shares of the company’s stock on Nov 14 ’24. The stock was sold for $856,233 at an average price of $5.14. Upon completion of the transaction, the Chief Executive Officer now directly owns 348,761 shares in the company, valued at $1.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14 ’24, Officer Khan Badar bought 166,725 shares of the business’s stock. A total of $878,640 was incurred on buying the stock at an average price of $5.27. A total of 6.53% 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 $9.07. The fifty day moving average price for EVGO is $6.8514 and a two-hundred day moving average price translates $3.93215 for the stock.
The latest earnings results from EVgo Inc (NASDAQ: EVGO) was released for 2024-09-30. The company reported revenue of $67.53 million for the quarter, compared to $35.11 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 92.37 percent.
