With 2.96 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.78 million shares. 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 $8.05. Beta for the stock currently stands at 2.37.
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 -10.93%, but this was down by -21.80% over a month. Three-month performance dropped to -55.02% while six-month performance fell -28.07%. The stock gained 13.50% in the past year, while it has lost -33.58% so far this year. A look at the trailing 12-month EPS for EVGO yields -0.42 with Next year EPS estimates of -0.33. For the next quarter, that number is -0.10. This implies an EPS growth rate of 11.37% for this year and 17.84% for next year.
Float and Shares Shorts:
At present, 130.69 million EVGO shares are outstanding with a float of 123.58 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.36238 being high and -$0.53451 being low. For EVGO, this leads to a yearly average estimate of -$0.40768. 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.
