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Saturday, December 9, 2023

Value Investing Philosophy And EVgo Inc (NASDAQ: EVGO)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for EVgo Inc (EVGO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.005, or -0.16%, to $3.12. The EVgo Inc has recorded 6,035 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Hertz and EVgo Partner to Offer EV Renters One Year of Special Charging Rates.

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Stocks Info

EVGO belongs to the Consumer Cyclical sector of the NASDAQ while operating in the Specialty Retail industry. At the end of the last regular session, the stock closed at $3.12 and fluctuated between $3.2099 as its day high and $2.8519 as its day low. The current market capitalization of EVgo Inc is $323.09M. A total of 2.24 million shares were traded on the day, compared to an average of 2.98M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, EVGO has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 18 BUYs and 10 SELLs from insiders. Insiders purchased 6,419,074 shares during that period but sold 210,950.

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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for EVGO in the last 3 months, the mean price target is $6.38 with high estimates of $9.00 and low estimates of $5.00. In terms of 52-week highs and lows, EVGO has a high of $8.16 and a low of $1.88.

As of this writing, EVGO has an earnings estimate of -$0.17 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.03 per share and a lower estimate of -$0.41. The company reported an EPS of -$0.08 in the last quarter, which was 70.40% higher than expectations of -$0.27.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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 -$0.91, while its Total Shareholder’s Equity was $587.92M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 3.64.

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