EVgo Inc. (EVGO) Gains As Market Dips: What You Should Know

This story originally appeared on Zacks

EVgo Inc. closed. (EVGO) at $9.58 in the last trading session, registering a move of +0.21% from the previous day. This change outpaced the S&P 500’s 0.1% loss on the day. Elsewhere, the Dow Jones lost 0.47%, while the big tech Nasdaq lost 0.47%.

– Zacks

Heading into the day, the company’s shares have lost 21.45% over the past month, lagging the car and truck tire segment’s 4.55% gain and the S&P 500’s 3.67% gain in that time.

Investors are hoping for strength from EVgo as it nears its next earnings release.

Investors may also notice recent changes in analyst estimates for EVgo Inc. These recent reviews tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive rating reviews as a good sign of the company’s business outlook.

Research indicates that these discretionary revisions are directly related to the stock’s near-term price momentum. Investors can take advantage of this using Zacks Rank. This model takes into account these changes in grading and provides a simple and actionable rating system.

Ranging from #1 (strong buy) to #5 (strong sell), the Zacks Rank system has a proven and externally audited track record of outperforming, with the #1 stock returning an average of +25% annually since 1988. In the past 30 days, it has remained The unanimous EPS drop is stagnant. EVgo Inc. She is currently ranked Zacks #2 (Purchase).

Automotive Industry – Original Equipment is part of the car and truck tire segment. This group has a Zacks Industry Rating of 205, placing it in the lowest 20% of all 250+ industries.

Zacks Industry Ranks are listed in order from best to worst in terms of the average Zacks rating of individual companies in each of these sectors. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.

You can find more information about all of these metrics and more at Zacks.com.

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