EVgo Inc’s recently made public that its Chief Legal Officer Sullivan Francine unloaded Company’s shares for reported $3340.0 on Mar 19 ’24. In the deal valued at $2.39 per share,1,400 shares were sold. As a result of this transaction, Sullivan Francine now holds 88,897 shares worth roughly $0.19 million.
Then, Shevorenkova Olga sold 750 shares, generating $1,824 in total proceeds. Upon selling the shares at $2.43, the Chief Financial Officer now owns 81,241 shares.
Before that, KISH DENNIS G sold 34,717 shares. EVgo Inc shares valued at $104,151 were divested by the President at a price of $3.00 per share. As a result of the transaction, KISH DENNIS G now holds 0 shares, worth roughly $0.0.
RBC Capital Mkts upgraded its EVgo Inc [EVGO] rating to an Outperform from a a Sector perform in a research note published on March 07, 2024; the price target was decreased to $4 from $5. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who decreased its forecast for the stock in early March from “an Overweight” to “a Neutral”. TD Cowen also remained covering EVGO and has decreased its forecast on October 25, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. RBC Capital Mkts started covering the stock on September 08, 2023. It rated EVGO as “a Sector perform”.
Price Performance Review of EVGO
On Monday, EVgo Inc [NASDAQ:EVGO] saw its stock fall -1.40% to $2.11. Over the last five days, the stock has lost -12.45%. EVgo Inc shares have fallen nearly -41.06% since the year began. Nevertheless, the stocks have fallen -67.49% over the past one year. While a 52-week high of $6.77 was reached on 01/02/24, a 52-week low of $1.88 was recorded on 02/06/24. SMA at 50 days reached $2.46, while 200 days put it at $3.22. A total of 2.39 million shares were traded, compared to the trading of 2.14 million shares in the previous session.
Levels Of Support And Resistance For EVGO Stock
The 24-hour chart illustrates a support level at 2.07, which if violated will result in even more drops to 2.03. On the upside, there is a resistance level at 2.17. A further resistance level may holdings at 2.23. The Relative Strength Index (RSI) on the 14-day chart is 36.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.23%. Stochastics %K at 5.39% indicates the stock is a buying.
How much short interest is there in EVgo Inc?
A steep rise in short interest was recorded in EVgo Inc stocks on Mar 15, 2024, growing by 1.3 million shares to a total of 25.18 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 23.88 million shares. There was a rise of 5.16%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 23.87% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.86.
The most recent change occurred on May 17, 2023 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $9 price target.
