How Will the Market React to Evgo Inc (EVGO) Stock Getting a Bearish Rating

The market has been down on Evgo Inc (EVGO) stock recently. EVGO gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Evgo Inc has a Bearish 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?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With EVGO Stock Today?

Evgo Inc (EVGO) stock is up 3.07% while the S&P 500 has fallen -0.17% as of 12:56 PM on Monday, Mar 25. EVGO has risen $0.07 from the previous closing price of $2.28 on volume of 1,386,853 shares. Over the past year the S&P 500 is up 31.38% while EVGO has fallen -58.55%. EVGO lost -$0.46 per share in the over the last 12 months. 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.