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Wednesday, September 27, 2023

What Are The Chances Of EVgo Inc. (NASDAQ: EVGO) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for EVgo Inc. (EVGO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.25%, to $4.08. The EVgo Inc. has recorded 18,426 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that EVgo and Amazon Launch Seamless EV Charger Navigation Experience with Alexa.

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Stocks Info

As a NASDAQ listed company, EVGO falls under the Consumer Cyclical sector while operating within the Specialty Retail industry segment. At the end of the last regular session, the stock closed at $4.07 and fluctuated between $4.1500 as its day high and $4.0200 as its day low. The current market capitalization of EVgo Inc. is $1.20B. A total of 1.7 million shares were traded on the day, compared to an average of 4.12M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, EVGO has seen 2 BUY and 4 SELL insider trades, representing the acquisition of 48,533 and the disposition of 72,663 shares. Over the last 12 months, there were 19 BUYs and 9 SELLs from insiders. Insiders purchased 6,522,567 shares during that period but sold 210,350.

In the most recent transaction, Sullivan Francine sold 600 shares of EVGO for 4.74 per share on Aug 10. After the transaction, the CLO and General Counsel now owns 55,246 company shares. In a previous transaction on Aug 09, Shevorenkova Olga sold 17,162 shares at 4.80 per share. EVGO shares that Chief Financial Officer owns now total 35,820.

Among the insiders who sold shares, KISH DENNIS G disposed of 37,844 shares on Aug 08 at a per-share price of $4.89. This resulted in the Chief Operating Officer holding 0 shares of EVGO after the transaction. In another insider transaction, Shevorenkova Olga sold 5,838 shares at $5.00 per share on Aug 08. Company shares held by the Chief Financial Officer now total 52,982.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for EVGO in the last 3 months, the mean price target is $6.93 with high estimates of $12.00 and low estimates of $1.00. In terms of 52-week highs and lows, EVGO has a high of $10.55 and a low of $3.45.

As of this writing, EVGO has an earnings estimate of -$0.21 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of -$0.08 per share and a lower estimate of -$0.51. The company reported an EPS of -$0.18 in the last quarter, which was 14.30% higher than expectations of -$0.21.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. EVGO’s latest balance sheet shows that the firm has $484.88M in Cash & Short Term Investments as of fiscal 2021. There were $39.16M in debt and $46.87M in liabilities at the time. Its Book Value Per Share was -$2.26, while its Total Shareholder’s Equity was $587.92M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EVGO is Buy with a score of 3.90.

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