Where Will EVgo (EVGOW) Stock Go Next After It Has Gained 26.47% in a Week?

The market has been high on EVgo (EVGOW) stock recently. EVGOW gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

EVgo has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on EVGOW!

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With EVGOW Stock Today?

EVgo (EVGOW) stock is trading at $0.86 as of 2:33 PM on Thursday, Mar 30, an increase of $0.16, or 22.86% from the previous closing price of $0.70. The stock has traded between $0.75 and $0.96 so far today. Volume today is above average. So far 158,468 shares have traded compared to average volume of 38,064 shares. To screen for more stocks like EVgo click here.

More About EVgo

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 stock.