Do Traders Think Evgo Inc (EVGO) Can Turn Around Wednesday?

Evgo Inc (EVGO) stock is lower by 9.37% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

Evgo Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on EVGO!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With EVGO Stock Today?

Evgo Inc (EVGO) stock is trading at $3.00 as of 11:55 AM on Wednesday, Nov 22, a rise of $0.04, or 1.53% from the previous closing price of $2.95. The stock has traded between $2.96 and $3.07 so far today. Volume today is low. So far 553,781 shares have traded compared to average volume of 3,425,943 shares. To see InvestorsObserver's Sentiment Score for Evgo Inc click here.

More About Evgo Inc

EVgo owns and operates a public direct current fast charging network in the U.S. EVgo's network of charging stations provides electric vehicle charging infrastructure to consumers and businesses. Its network is capable of charging all EV models and charging standards currently available in the U.S. EVgo partners with national and regional chains of grocery stores, automotive original equipment manufacturers (OEMs), hotels, shopping centers, gas stations, parking lot operators, local governments and independent property owners in order to locate and deploy its EV charging infrastructure. Click Here to get the full Stock Report for Evgo Inc stock.