EVGO Stock Price Prediction 2024, 2025, 2030, and 2040? Is Evgo stock a good investment for long-term? Is Evgo stock a good buy now?
If you are looking for the EVGO Stock Price Prediction or finding the potential of the EVGO stock, this price forecast can be helpful for you. Our EVGO Stock Price Forecast is based on a deep technical analysis and the past performance of EVGO Stock. Here we will try to analyze the potential of EVGO Stock in the long term.
But before EVGO Stock's future price forecast, let us have a look at the EVGO Company's business model and financial datiles.
About of Evgo Inc.
Evgo Inc. engages in the provision of electric vehicle charging station services. It offers the Evgo network, home charging solutions, work charging solutions, and freedom station plans to electric car owners.
The company was founded in October 2010 and is headquartered in Los Angeles, CA.
Evgo revenue and net profit growth?
Evgo is a very small company, and currently its total revenue is around $60 million. But the gross profit margin of the company is -$5 million. If we talk about the net profit of the company, then it is -$27 million.
Apart from this, the company has a debt of $1 billion. Looking at all these figures, we can say that the company is financially and fundamentally weak. In this article, we will try to predict what the Evgo stock price forecast could be for the future.
Evgo stock price prediction 2025
The Evgo stock price has been witnessing a decline since its listing. If we talk about the Evgo stock price prediction for 2025, if the stock continues to decline, then Evgo stock can touch $1 by the year 2025.
But Evgo stock is a penny stock, and sudden rises are seen in this type of stock. If this happens, there may be a slight recovery in the Evgo stock price, and the stock price may even reach $8 to $10.
Evgo stock price prediction 2030 and 2040
Is Evgo stock a good investment for long-term?
Currently, there is no significant growth in the company's business, and the net profit of the company is also -$27 million. Apart from this, the company has a debt of $1 billion. And has a total estate of $780 million.
Looking at the figures, the company is financially weak. But the business model of the company is quite good, and in the future, the company's management will have ample opportunities to expand its business.
If the company's management is successful in managing its business properly, then Evgo can do very well in the long term.
Frequently Asked Questions
Is Evgo stock a good buy now?
EVGO's stock price has seen a decline since its listing, and looking at the company's revenue and net profit, there are signs of a decline in the stock. But in the last quarter, the company saw good growth in its revenue, which was $50 million. The company has ample opportunities for growth in the future. Therefore, this fall, you can invest in Evgo stock for the long term.
Is Evgo stock a undervalued stock?
The business model of Evgo is very good, and considering the increasing craze for electronic vehicles in the future and the continuous decline in the stock, Evgo stock is currently trading at an undervalued price.
Disclaimer:- The information given in this article is for your knowledge. We do not recommend buying any stock from our side. Investing money in the stock market is very risky, so never invest your hard-earned money in the stock market just by looking at someone or being misled by someone.
Before buying any stock, do complete research on that company and the past performance of the stock, or take advice from your financial advisor.