EVgo, Inc. (EVGO) Stock Forecast & Price Prediction 2024, 2025, 2030, 2040, and 2050
Find EVgo, Inc. (EVGO) short-term stock forecasts for 2024 by month and long-term price predictions for 2024 to 2050. View past performance, analyst Buy, Sell or Hold ratings, and the latest EVGO stock news and headlines.
1 Month Prediction
$5.59 [0.00%]
3 Month Prediction
$5.42 [-3.00%]
6 Month Prediction
$3.59 [-35.71%]
1 Year Prediction
$2.71 [-51.60%]
3 Year Prediction
$1.00 [-82.11%]
5 Year Prediction
$1.00 [-82.11%]
About EVgo, Inc.
Evgo Inc. is a leading electric vehicle (EV) fast charging network provider in the United States. Founded in 2009 as Ecotality, the company was rebranded to Evgo in 2016. Evgo operates a network of over 800 public fast charging locations across 34 states, giving it the largest public charging footprint in the country.
Evgo focuses specifically on providing DC fast charging stations to enable convenient charging for rideshare vehicles, taxis, municipal fleets, delivery vehicles, and personal EVs. The company’s charging stations offer 50kW to 350kW charging capabilities to minimize charging times. Also, Evgo chargers are compatible with all fast-charge capable EVs currently available in the US market.
In recent years, Evgo has been rapidly expanding its charging network through partnerships and acquisitions. Key developments include:
- Strategic collaborations with major automakers like GM and Nissan to provide charging infrastructure and develop new technologies.
- A major charging network expansion in 2021 with the acquisition of recycling and renewable energy company US Ecology’s network of charging stations.
- Collaboration with ridesharing leader Uber to provide charging access for EV rideshare vehicles.
- Partnership with Amazon in January 2023 for Alexa-equipped cars to locate, schedule, and pay for charging.
EVgo, Inc. (EVGO) Historical Performance
IPO Date
EVgo, Inc. (NASDAQ:EVGO) went public on 02 October, 2020.
Change
Since inception, EVGO has fallen from $10.71 to $5.59, a massive -47.8% decrease since 2020.
Historical Highs and Lows
In the past 4 years, the stock reached a high of $20.90 and a low of $1.81.
52 Week Range
$1.65
$9.07
The current price $5.59 is not near the 52-week extremes, which means that the stock is neither overbought nor underbought.
EVGO Stock Price History
Based on EVGO stock's historical price data, this table shows how the stock has performed in the last 4 years. Since 2020, the EVGO stock has fallen from $8.15 - $20.9 to $1.81 - $7.84, which is down -66.01%. Currently, the stock follows downward trend.
Here, we have calculated stock range of EVGO, indicating the highs and lows for each year, the average price based on the daily closing prices each year, and the change% from the average price.
| Year | Stock Price | Avg Price | Change% | Year Change |
|---|---|---|---|---|
| 2021 | $8.15 - $20.9 | $12.52 | 16.9 | 1 Year Change |
| 2022 | $4.47 - $12.86 | $8.4 | -21.57 | 2 Year Change |
| 2023 | $2.07 - $7.79 | $4.59 | -57.14 | 3 Year Change |
| 2024 | $1.81 - $7.84 | $3.64 | -66.01 | 4 Year Change |
EVGO Price Performance
6-Month Performance
EVGO stock jumped by 128.17% in the last six months.
1-Year Performance
The stock has trended upwards by 56.15% in the past year.
3-Year Performance
In the last 3 years, the stock has plummeted by 43.76%.
According to EVgo, Inc.'s historical data, below graph gives us the exact picture of how the EVGO stock has performed year-over-year. Here, Each bar on the graph represents a particular year that illustrates how the stock's price changed from one year to the next.
YoY Performance
In the last five years, the stock has shown positive growth in 0 year and a decline in 3 years.
2021
7.19% ↓
2022
55.03% ↓
2023
19.91% ↓
NOTE: Green bars indicate that the stock has risen compared to the previous year, while red bars show that the stock has fallen.
EVgo, Inc. (EVGO) Financials & Stock Analysis
Total Revenue
Quarterly Revenue: $66.62 M (Q2)
Revenue for Q2 ending 30th June, 2024 increased 20.78% compared to Q1 ending 31st March, 2024.
Annual Revenue: $206.88 M (1Y)
Revenue for trailing 12 months increased 28.53% year over year from 31st December, 2023.
If compared to the last 4 years, the revenue has gone up from $13.05 million to $206.88 million, a 1,485.39% change.
Market Capitalization
EVgo, Inc. has a market capitalization of $1.69B, which places EVGO in the small-cap category.
Fundamental Analysis
EPS: $-0.10 (Q2), $-0.46 (1Y)
EPS increased 11.11% since last quarter, and increased 15.00% since last year.
Net Income: $-10.38 M (Q2), $-42.43 M (1Y)
Net Income increased 5.53% since last quarter, and increased 53.86% since last year.
Free Cash Flow: $-16.64 M (Q2), $-195.95 M (1Y)
Free Cash Flow decreased 52.66% since last quarter, and decreased 24.36% since last year.
Net Profit Margin: -15.58% (Q2), -20.51% (1Y)
Net Profit Margin decreased 12.62% since last quarter, and increased 19.70% since last year.
Below, we have listed 12 key indicators for Fundamental analysis for EVGO stock. These indicators help you understand EVgo, Inc.'s financial health, earnings and growth potential, and make a decision if the stock is a good long-term investment or not.
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Technical Analysis
Here, we have listed 5 key indicators for Technical Analysis for EVGO stock. These indicators help investors study past price movements and trading volumes to forecast future price changes, and find the right time when to buy, sell or hold the stock.
| Technical Indicators | Value |
|---|---|
| SMA20 | $7.73 |
| SMA50 | $6.05 |
| SMA200 | $3.50 |
| RSI | 23.03 |
| Beta | 2.39 |
SMA20 > Current Price
This signals EVGO stock is in short-term bearish momentum.
SMA50 > Current Price
This signals EVGO stock is in mid-term bearish momentum.
SMA200 < Current Price
This signals EVGO stock is in long-term bullish momentum.
Sentiment Based on Technical Analysis
Based on 8 technical analysis indicators, the overall sentiment for EVGO stock is Bullish. Out of all indicators, 5 indicates bullish signals, 3 signals bearish trends and 1 gives neutral trends. The EVGO stock forecast was last updated on 11 November, 2024.
EVgo, Inc. (EVGO) Stock Price Prediction and Forecast
According to short-term forecast, the stock is expected to rise to $5.59 by the end of 2024, and can reach around $3.37 to $1.56 in 2025. And, the long-term forecast suggests that the stock may further drop to $0.12 - $0.99 in 2027, and $1.48 - $1.36 by 2030. So, the EVGO stock shows a strong upward trend in the next several years.
Short-term EVGO Stock Price Prediction & Forecast
| Date | Forecasted Price | Change% |
|---|---|---|
| 2024-12 | $5.59 | 0.0% |
In 2024, the EVGO stock price is expected to fluctuate between $5.59 and $5.59. According to the monthly forecast, the stock could rise to $5.59 by December 2024. If compared to the EVGO's current price, the stock could gain 0.0% by the end of this year.
Long-term EVGO Stock Price Prediction & Forecast
| Year | Year Start | Year Mid | Year End | Change% |
|---|---|---|---|---|
| 2025 | $3.37 | $0.81 | $1.56 | -72.09% |
| 2026 | $1.88 | $0.60 | $1.18 | -78.89% |
| 2027 | $0.12 | $1.64 | $0.99 | -82.29% |
| 2028 | $1.44 | $1.71 | $0.91 | -83.72% |
| 2029 | $1.09 | $0.45 | $0.59 | -89.45% |
| 2030 | $1.48 | $1.38 | $1.36 | -75.67% |
| 2031 | $1.38 | $1.02 | $1.39 | -75.13% |
| 2032 | $1.10 | $0.97 | $1.09 | -80.5% |
| 2033 | $0.94 | $1.52 | $0.65 | -88.37% |
| 2034 | $0.70 | $0.89 | $1.24 | -77.82% |
| 2035 | $0.42 | $1.22 | $0.77 | -86.23% |
| 2036 | $1.02 | $1.45 | $0.96 | -82.83% |
| 2037 | $0.66 | $1.49 | $1.22 | -78.18% |
| 2038 | $0.76 | $0.68 | $1.23 | -78.0% |
| 2039 | $1.21 | $0.81 | $1.42 | -74.6% |
| 2040 | $1.26 | $1.14 | $1.31 | -76.57% |
| 2041 | $0.75 | $0.98 | $1.16 | -79.25% |
| 2042 | $1.01 | $1.30 | $1.00 | -82.11% |
| 2043 | $1.16 | $1.04 | $0.45 | -91.95% |
| 2044 | $1.05 | $0.38 | $1.41 | -74.78% |
| 2045 | $0.53 | $1.10 | $0.67 | -88.01% |
| 2046 | $0.83 | $0.51 | $0.73 | -86.94% |
| 2047 | $0.95 | $1.05 | $0.81 | -85.51% |
| 2048 | $1.11 | $1.29 | $1.11 | -80.14% |
| 2049 | $0.68 | $1.33 | $1.29 | -76.92% |
| 2050 | $0.69 | $1.58 | $1.17 | -79.07% |
EVgo, Inc. (EVGO) Stock Price Prediction & Forecast 2024 - 2025
At the start of 2024, the EVGO stock was at $2.29. Today, it is trading at $5.59, which is 144.11% increase from price at the beginning of the year. By the end of this year, you can expect the stock to fall to by December 2024 with a -0.00% change.
In early 2025, the EVGO price is expected to descend from $5.59 to $3.37, a change of -39.76% from the current price. By mid-2025, the stock may move down by -75.96% on $0.81 and end the year at $1.56, which is -72.12% compared to today's price.
EVgo, Inc. (EVGO) Stock Price Prediction & Forecast 2026 - 2030
In the next five years, there will be a significant depreciation in the EVGO stock. During this period, the EVGO's price is forecasted to shift from $1.88 to $1.36, which is -27.66% loss.
In 2026, the stock would possibly open at $1.88, descends to $0.60 by mid-year, and wraps up at $1.18, reflecting a decrease from today's price. Further moving to 2030, the stock can kick off the year at $1.48, drop to $1.38 by mid-year, and finish at $1.36, which is -75.70% change from current price.
EVgo, Inc. (EVGO) Stock Price Prediction & Forecast 2031 - 2040
During this period, the stock would move from $1.38 to $1.31, which is down -75.14%
In 2031, we can expect EVGO to fluctuate between $1.38 and $1.39, a shift indicating a -75.14% loss by year-end compared to current price. And Until 2040, EVGO can likely vary from $1.26 to $1.31. By the end of 2040, the stock could record a -76.53% fall from today's stock price.
EVgo, Inc. (EVGO) Stock Price Prediction & Forecast 2041 - 2050
According to long-term forecast, the EVGO stock can see an an upturn from $0.75 to $1.17 in this period. In 2041, the stock can experience a high of $0.98 by mid-year, closing the year at $1.16. This results in a -82.44% decrease from today.
Moving towards the end of 2050, EVGO is projected to open the year at $0.69. The stock may peak to $1.58 during mid-year and finish the year at $1.17. Compared to the stock's current price, this translates to an overall loss of -79.12% by 2050.
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EVGO : Buy, Sell Or Hold?
Analyst Ratings
Sorry, No analyst ratings available for this stock.Expert Analysis
According to EVGO short-term and long-term forecast, EVgo, Inc. shares are projected to go down by 79.07%, and reach a value of $1.17 per share by 2050.
As per technical analysis, indicators show a Bullish sentiment, while Fear & Greed Index stands at 57.142857142857146, which signals Greed. Also, EVGO has recorded 8/30 green days, which reflects a 38.095238095238095% positivity rate with a price volatility of 0.13%.
Plus, Price-to-Earnings (P/E) ratio of 0 suggests that EVGO stock is undervalued. So, Based on EVGO prediction and analysis, it may be the best time to hold EVGO stock right now.
EVgo, Inc. (EVGO) FAQs
What is the stock symbol for EVgo Inc.?
EVgo Inc. trades under the ticker symbol “EVGO” on the NASDAQ stock exchange.
Is EVgo Inc. stock a good investment?
By 2030, the stock can reach in the range of $1.16 and $1.55. This means that the EVGO stock can see around -81% decrease in the next 5 years.
Disclaimer: Stock predictions, forecasts and price targets provided for "EVGO” are solely for informational and educational purposes and should not be treated as investment or financial advice. Always conduct your own research or consider consulting with a financial advisor before making any investment decisions.