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EVgo Inc (EVGO) receives a Buy rating from TD Cowen

EVgo Inc’s filing revealed that its Chief Legal Officer Sullivan Francine unloaded Company’s shares for reported $45277.0 on Aug 12 ’24. In the deal valued at $3.60 per share,12,584 shares were sold. As a result of this transaction, Sullivan Francine now holds 117,327 shares worth roughly $0.84 million.

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Then, KISH DENNIS G sold 16,414 shares, generating $59,102 in total proceeds. Upon selling the shares at $3.60, the President now owns 47,614 shares.

Before that, KISH DENNIS G bought 16,414 shares. EVgo Inc shares valued at $60,075 were divested by the Officer at a price of $3.66 per share.

TD Cowen upgraded its EVgo Inc [EVGO] rating to a Buy from a a Hold in a research note published on October 03, 2024; the price target was increased to $7 from $5. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early October from “a Neutral” to “an Overweight”. UBS began covering EVGO with “Neutral” recommendation on July 22, 2024. The Benchmark Company started covering the stock on June 05, 2024. It rated EVGO as “a Buy”.

Price Performance Review of EVGO

On Friday, EVgo Inc [NASDAQ:EVGO] saw its stock jump 13.92% to $7.20. Over the last five days, the stock has gained 71.84%. EVgo Inc shares have risen nearly 101.12% since the year began. Nevertheless, the stocks have risen 128.57% over the past one year. While a 52-week high of $6.49 was reached on 10/04/24, a 52-week low of $1.65 was recorded on 04/25/24. SMA at 50 days reached $4.12, while 200 days put it at $2.91.

Levels Of Support And Resistance For EVGO Stock

The 24-hour chart illustrates a support level at 6.32, which if violated will result in even more drops to 5.43. On the upside, there is a resistance level at 7.89. A further resistance level may holdings at 8.57. The Relative Strength Index (RSI) on the 14-day chart is 81.23, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.63%. Stochastics %K at 64.38% 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 2024-09-13, dropping by -1.59 million shares to a total of 25.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 27.53 million shares. There was a decline of -6.13%, which implies that there is a negative sentiment for the stock.

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