In yesterday’s Wall Street session, EVgo Inc (NASDAQ:EVGO) shares traded at $4.34, up 1.64% from the previous session.
EVGO stock price is now -32.93% away from the 50-day moving average and 8.87% away from the 200-day moving average. The market capitalization of the company currently stands at $1.32B.
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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, Nanus David, Director sold 23,000,000 shares of the company’s stock on Dec 18 ’24. The stock was sold for $115,000,000 at an average price of $5.00. Upon completion of the transaction, the Director now directly owns 5,882,352 shares in the company, valued at $25.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14 ’24, Chief Executive Officer Khan Badar sold 166,725 shares of the business’s stock. A total of $856,233 was realized by selling the stock at an average price of $5.14. This leaves the insider owning 348,761 shares of the company worth $1.51 million. 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 $6.5362 and a two-hundred day moving average price translates $3.97825 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.
