In a filing, EVgo Inc. revealed its Chief Commercial Officer Levy Jonathan Maier unloaded Company’s shares for reported $0.12 million on Aug 16. In the deal valued at $12.04 per share,10,000 shares were sold. As a result of this transaction, Levy Jonathan Maier now holds 20,878 shares worth roughly $ 0.15 million.
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Then, Shevorenkova Olga sold 34,463 shares, generating $411,833 in total proceeds. Upon selling the shares at $11.95, the Chief Financial Officer now owns 0 shares.
Before that, Zoi Catherine sold 42,083 shares. EVgo Inc. shares valued at $484,796 were divested by the Chief Executive Officer at a price of $11.52 per share. As a result of the transaction, Zoi Catherine now holds 57,598 shares, worth roughly $0.42 million.
Jefferies initiated its EVgo Inc. [EVGO] rating to a Hold in a research note published on Friday, July 07, 2022; the price target was $5.50. PT values the company’s stock at a premium of -31.09 to its Friday closing price. A number of analysts have revised their coverage, including CapitalOne’s analysts, who increased its forecast for the stock in early June from “an Equal weight” to “an Overweight”. Credit Suisse also remained covering EVGO and has increased its forecast on May 12, 2022 with a “an Outperform” recommendation from previously “Neutral” rating. Cantor Fitzgerald started covering the stock on April 28, 2022. It rated EVGO as “an Overweight”.
Price Performance Review of EVGO
On Friday, EVgo Inc. [NASDAQ:EVGO] saw its stock jump 1.26% to $7.21. On the same session, the stock had its day’s lowest price of $6.93, but rose to a high of $7.39. Over the last five days, the stock has lost -3.99%. EVgo Inc. shares have fallen nearly -27.46% since the year began. Nevertheless, the stocks have fallen -27.61% over the past one year. While a 52-week high of $19.59 was reached on 04/04/22, a 52-week low of $5.28 was recorded on 07/05/22. SMA at 50 days reached $8.22, while 200 days put it at $9.19. A total of 2.03 million shares were traded, compared to the trading of 1.95 million shares in the previous session.
Levels Of Support And Resistance For EVGO Stock
The 24-hour chart illustrates a support level at 6.96, which if violated will result in even more drops to 6.72. On the upside, there is a resistance level at 7.42. A further resistance level may holdings at 7.64. The Relative Strength Index (RSI) on the 14-day chart is 43.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.14%. Stochastics %K at 42.67% indicates the stock is a holding.
How much short interest is there in EVgo Inc.?
A steep rise in short interest was recorded in EVgo Inc. stocks on Jul 14, 2022, growing by 4.01 million shares to a total of 24.16 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 20.15 million shares. There was a rise of 16.6%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 35.42% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.
EVgo Inc. [EVGO] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 6,158,645 shares, or roughly 8.91% of the outstanding EVGO shares. In other words, the investor’s shares have risen by 301,770 from its previous 13-F filing of 5856875.0. Additionally, BlackRock Fund Advisors increased 292.25% of its stake after which the total value it holdings stand at $32,631,487, while Pictet Asset Management SA reduced -15.97% of its stake to hold $24.2 million in the firm. Over the last quarter, Banque Pictet & Cie SA purchased 328,161 shares of EVgo Inc., while Invesco Capital Management LLC bought 364,716 shares. At present, SSgA Funds Management, Inc. is holding 1,924,787 shares valued at $15.23 million. Macquarie Investment Management B owned 1,714,439 shares of the company at the time of its most recent 13F filing, worth $13.56 million.
The most recent change occurred on April 21, 2022 when Tudor Pickering Holt & Co. began covering the stock and recommended ‘”a Buy”‘ rating along with a $16 price target.