A History of Outperforming Analyst Forecasts and Beating the Odds: EVgo Inc (EVGO)

With 6.3 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.84 million shares. During the session, the Specialty Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $5.135 whereas the lowest price it dropped to was $4.81. The 52-week range on EVGO shows that it touched its highest point at $9.07 and its lowest point at $1.65 during that stretch. It currently has a 1-year price target of $8.41. Beta for the stock currently stands at 2.24.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EVGO was down-trending over the past week, with a drop of -8.66%, but this was down by -39.33% over a month. Three-month performance surged to 33.86% while six-month performance rose 121.93%. The stock gained 52.87% in the past year, while it has gained 41.34% so far this year. A look at the trailing 12-month EPS for EVGO yields -0.42 with Next year EPS estimates of -0.32. For the next quarter, that number is -0.10. This implies an EPS growth rate of 11.13% for this year and 21.73% for next year.

Float and Shares Shorts:

At present, 102.94 million EVGO shares are outstanding with a float of 100.42 million shares on hand for trading. On 2024-10-31, short shares totaled 32.69 million, which was 3061.0 higher than short shares on 1727654400. In addition to Mr. Badar Khan as the firm’s CEO & Director, Mr. Dennis G. Kish serves as its President.

Institutional Ownership:

Through their ownership of 0.53196996 of EVGO’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, EVGO reported revenue of $66619000.0 and operating income of -$32387000.0. The EBITDA in the recently reported quarter was -$17058000.0 and diluted EPS was -$0.1.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EVGO since 7 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With EVGO analysts setting a high price target of 12.0 and a low target of 3.5, the average target price over the next 12 months is 8.0. Based on these targets, EVGO could surge 137.15% to reach the target high and fall by -30.83% to reach the target low. Reaching the average price target will result in a growth of 58.1% from current levels.

Analysts have provided yearly estimates in a range of -$0.32064 being high and -$0.64129 being low. For EVGO, this leads to a yearly average estimate of -$0.40882. The surprise factor in the prior quarter was -$0.12. Based on analyst estimates, the high estimate for the next quarter is -$0.08 and the low estimate is -$0.08. The average estimate for the next quarter is thus -$0.08.