How to Buy Evgo Stock
Evgo Inc
EVgo, Inc. owns and operates a direct current fast charging network in the United States.
Evgo stock last closed at $4.33, down 1.81% from the previous day, and has increased 12.18% in one year. It has overperformed other stocks in the Specialty Retail industry by 0 percentage points. Evgo stock is currently +162.42% from its 52-week low of $1.65, and -9.79% from its 52-week high of $4.80.
There are currently 302.63M EVGO shares outstanding. The market capitalization of EVGO is $1.31B. In the past 24 hours, 2.97M EVGO shares were traded.
How to Buy Evgo Stock
Wondering how to invest in Evgo stock? Here's how.
- Decide where to buy Evgo stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you decide where to buy Evgo stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Pick your method of payment and add your details.
- Analyze Evgo stock: The Evgo ticker symbol is EVGO. Is Evgo stock a good investment? Should you buy shares of EVGO? How do EVGO's underlying business fundamentals look? Do top analysts think Evgo is a good buy? Why has EVGO's stock price moved recently? (Hint: Our stock research website can help you figure out if EVGO is a good stock to buy).
- Place your EVGO purchase: Decide if you will purchase EVGO shares at the current market price or use a limit order to purchase EVGO shares at a particular price.
- Watch your EVGO investment: Create a watchlist to key updates about your position in Evgo shares.
Step 1: Decide where to buy Evgo stock
You will need an online brokerage account to access the NASDAQ market and buy EVGO stock.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best online stock brokerage. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to global financial markets: From Tech to Utilities, New York to Tokyo — you can fill your portfolio with stocks from the globe's leading exchanges.
- Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the best brokerage, you'll need to fill out some personal info so you can invest in EVGO today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start your new brokerage account.
- Submit your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've filled out your info on one of the most highly reviewed stock market apps, your next step is to transfer the money for your investment:
Watch the video below to see the process of depositing money into your new brokerage account.
Step 4: Analyze Evgo stock
After you have figured out the best place to buy Evgo stock, it's important to evaluate their stock prior to investing, so you truly comprehend the risk as well as the upside.
Evgo stock data
EVGO Fundamentals
WallStreetZen was built to help average investors perform more accurate fundamental analysis in less time.
You can see all of the due diligence checks on EVGO's stock page.
How is EVGO stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge EVGO's true value.
Using relative valuations methods:
- EVGO could be overvalued based on its P/B ratio of 96.39x, relative to Specialty Retail industry P/B ratio of 9.78x
You can do additional valuation research on EVGO's stock here.
Is EVGO a healthy company?
Passed Health Checks:
- EVGO profit margin has gone up from -33.2% to -20.6% in the past year.
- There are more short-term assets than long-term liabilities on the EVGO balance sheet.
- EVGO has cash burn of 125162000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the EVGO balance sheet.
Failed Health Checks:
- EVGO has $162.74M in cash and short term investments. This is not enough to cover its annual cash burn of $125.16M.
- EVGO has a relatively high debt to equity ratio of 21.48.
Is Evgo stock a Buy, Hold, or Sell, according to analysts?
Out of 7 Equities analysts who monitor EVGO, the consensus analyst rating on Evgo is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest EVGO Analyst Forecasts
Itay Michaeli, a bottom 1% analyst from Citigroup maintains EVGO with a hold rating and lowers their EVGO price target from $3.00 to $2.00, on May 9, 2024.
Chris Dendrinos, a bottom 4% analyst from RBC Capital reiterates EVGO with a buy rating and maintains their EVGO price target from $4.00 to $4.00, on Apr 5, 2024.
You can dig deeper into what analysts are projecting on the Evgo stock forecast page.
Metrics for Advanced EVGO Traders
How are EVGO Revenues/Earnings doing?
Last year, EVGO revenue was $206.88M. In the past 3 year, EVGO's revenue has increased by 225.08% per year. This was faster than the Specialty Retail industry average of 8.89%.
Dig into EVGO's earnings and revenue performance here.
Latest Insiders Trades at EVGO
In the past year, insiders at EVGO have sold more shares than they have bought.
Dennis G. Kish, President of EVGO, was the latest EVGO insider to sell. They sold $59,106.81 worth of EVGO shares on Aug 12, 2024.
Get more info about who owns EVGO shares here.
Can I get consistent income from EVGO stock?
No, Evgo doesn't provide an income stream by paying out dividends.
EVGO Social Trading Data
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your EVGO purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually fine. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular dollar amount limit, place a limit order.
Click the Open Trade button and eToro will execute your order.
If you need additional help buying stocks on eToro, click the helpful video below:
Step 6: Watch your EVGO investment
Now that you own some shares in EVGO, you'll want to keep up with your new investment.
Make a watchlist to get alerted to the latest events about your EVGO stock.
EVGO Feed
How to Buy Stock in Evgo
To summarize, here are the 6 steps to buy stock in Evgo:
- Decide where to buy Evgo stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Analyze Evgo stock
- Place your EVGO purchase
- Watch your EVGO investment
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Evgo, add EVGO to your watchlist by clicking the button below.
Trending Content
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.