EVgo, Inc. (NYSE:EVGO – Get Free Report) was the target of unusually large options trading activity on Tuesday. Investors purchased 7,921 call options on the stock. This is an increase of approximately 20% compared to the average daily volume of 6,588 call options.
Wall Street Analysts Forecast Growth
EVGO has been the topic of several research reports. Royal Bank of Canada lifted their price objective on shares of EVgo from $4.00 to $8.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Marathon Capitl raised shares of EVgo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Needham & Company LLC reissued a “hold” rating on shares of EVgo in a report on Thursday, August 29th. TD Cowen upgraded shares of EVgo from a “hold” rating to a “buy” rating and raised their target price for the company from $5.00 to $7.00 in a research note on Thursday, October 3rd. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $5.00 target price on shares of EVgo in a research note on Monday, September 30th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $6.61.
Read Our Latest Report on EVGO
Institutional Inflows and Outflows
EVgo Stock Performance
Shares of EVGO stock traded down $0.51 on Tuesday, reaching $4.89. 25,182,677 shares of the company were exchanged, compared to its average volume of 4,517,376. EVgo has a 1 year low of $1.65 and a 1 year high of $9.07. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -12.23 and a beta of 2.38. The business has a 50-day moving average price of $6.04 and a 200 day moving average price of $3.98.
About EVgo
EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.
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