EVgo Inc’s recent filing unveils that its President KISH DENNIS G unloaded Company’s shares for reported $75015.0 on Jan 03 ’25. In the deal valued at $4.32 per share,17,379 shares were sold. As a result of this transaction, KISH DENNIS G now holds 13,655 shares worth roughly $45198.05.
Then, KISH DENNIS G bought 17,379 shares, generating $72,992 in total proceeds.
Before that, EVgo Holdings, LLC sold 23,000,000 shares. EVgo Inc shares valued at $115,000,000 were divested by the 10% Owner at a price of $5.00 per share. As a result of the transaction, EVgo Holdings, LLC now holds 0 shares, worth roughly $0.0.
UBS upgraded its EVgo Inc [EVGO] rating to a Buy from a a Neutral in a research note published on October 10, 2024; the price target was increased to $8.50 from $4. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in early October from “a Hold” to “a Buy”. JP Morgan also remained covering EVGO and has increased its forecast on October 03, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. UBS started covering the stock on July 22, 2024. It rated EVGO as “a Neutral”.
Price Performance Review of EVGO
On Tuesday, EVgo Inc [NASDAQ:EVGO] saw its stock fall -2.93% to $3.31. Over the last five days, the stock has lost -15.56%. EVgo Inc shares have fallen nearly -18.27% since the year began. Nevertheless, the stocks have risen 25.38% over the past one year. While a 52-week high of $9.07 was reached on 01/07/25, a 52-week low of $1.65 was recorded on 01/21/25. SMA at 50 days reached $5.20, while 200 days put it at $4.11.
Levels Of Support And Resistance For EVGO Stock
The 24-hour chart illustrates a support level at 3.19, which if violated will result in even more drops to 3.08. On the upside, there is a resistance level at 3.41. A further resistance level may holdings at 3.52. The Relative Strength Index (RSI) on the 14-day chart is 25.47, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.23%. Stochastics %K at 5.03% 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 2024-12-31, dropping by -1.2 million shares to a total of 34.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 35.87 million shares. There was a decline of -3.47%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 05, 2024 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $3 price target.
