EVgo (NASDAQ:EVGO – Get Free Report) released its quarterly earnings data on Saturday. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06, Briefing.com reports. The business’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.09) EPS.
EVgo Stock Performance
EVgo stock remained flat at $1.75 during midday trading on Friday. The company had a trading volume of 2,896,724 shares, compared to its average volume of 7,718,802. The firm has a market capitalization of $550.41 million, a P/E ratio of -3.89 and a beta of 2.87. The company has a debt-to-equity ratio of 44.14, a quick ratio of 2.19 and a current ratio of 1.87. The stock’s 50-day moving average price is $1.38 and its 200-day moving average price is $1.87. EVgo has a twelve month low of $0.98 and a twelve month high of $3.54.
Analyst Upgrades and Downgrades
Several research analysts have commented on EVGO shares. JPMorgan Chase & Co. downgraded EVgo from a “neutral” rating to an “underweight” rating in a research note on Tuesday, July 21st. Needham & Company LLC reiterated a “hold” rating on shares of EVgo in a research report on Wednesday, August 5th. Cantor Fitzgerald downgraded shares of EVgo from an “overweight” rating to a “hold” rating and lowered their price target for the stock from $3.00 to $2.00 in a report on Tuesday, November 3rd. Roth Capital lowered shares of EVgo from a “buy” rating to a “neutral” rating and set a $2.00 price objective for the company. in a research report on Tuesday, November 10th. Finally, Evercore reaffirmed an “outperform” rating and set a $2.50 price objective on shares of EVgo in a research note on Monday, September 21st. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, EVgo currently has an average rating of “Hold” and an average price target of $2.21.
Check Out Our Latest Research Report on EVgo
EVgo Company Profile
EVgo Inc. operates a public electric vehicle fast-charging network in the United States. Its stations primarily provide direct-current fast charging, allowing drivers to recharge compatible vehicles while traveling or during daily trips. Drivers can locate stations and manage charging sessions through EVgo’s mobile app and other vehicle and navigation platforms. The company also works with automakers, fleets, rideshare operators, utilities, and commercial property owners to develop and support charging infrastructure.
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