In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $7.21 in the prior trading day, Evolent Health Inc (NYSE: EVH) closed at $7.70, up 6.80%. In other words, the price has increased by $6.80 from its previous closing price. On the day, 1.73 million shares were traded.
Ratios:
Our goal is to gain a better understanding of EVH by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.98 and its Current Ratio is at 0.98. In the meantime, Its Debt-to-Equity ratio is 1.14 whereas as Long-Term Debt/Eq ratio is at 0.92.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Needham on January 10, 2025, initiated with a Buy rating and assigned the stock a target price of $15.
On December 03, 2024, BTIG Research reiterated its Buy rating and also upped its target price recommendation from $36 to $29.
Stephens Downgraded its Overweight to Equal-Weight on November 08, 2024, whereas the target price for the stock was revised from $38 to $16.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 06 ’25 when Holder Diane bought 2,735 shares for $9.33 per share. The transaction valued at 25,518 led to the insider holds 70,584 shares of the business.
McCarthy Daniel Joseph bought 11,040 shares of EVH for $99,470 on Mar 06 ’25. The PRESIDENT now owns 389,004 shares after completing the transaction at $9.01 per share. On Mar 07 ’25, another insider, Jelinek Richard M, who serves as the Director of the company, bought 30,000 shares for $9.12 each. As a result, the insider paid 273,750 and bolstered with 15,000 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 0.95.
Stock Price History:
Over the past 52 weeks, EVH has reached a high of $33.63, while it has fallen to a 52-week low of $7.06. The 50-Day Moving Average of the stock is -18.22%, while the 200-Day Moving Average is calculated to be -51.60%.
Shares Statistics:
A total of 115.86M shares are outstanding, with a floating share count of 114.35M. Insiders hold about 2.59% of the company’s shares, while institutions hold 110.29% stake in the company.
Earnings Estimates
At present, 10.0 analysts are actively evaluating the performance of Evolent Health Inc (EVH) in the stock market.The consensus estimate for the next quarter is $0.1, with high estimates of $0.18 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.59 and $0.21 for the fiscal current year, implying an average EPS of $0.38. EPS for the following year is $0.59, with 11.0 analysts recommending between $0.89 and $0.38.
Revenue Estimates
14 analysts predict $459.44M in revenue for the current quarter. It ranges from a high estimate of $467.87M to a low estimate of $447.2M. As of the current estimate, Evolent Health Inc’s year-ago sales were $647.14MFor the next quarter, 14 analysts are estimating revenue of $537.62M. There is a high estimate of $556.1M for the next quarter, whereas the lowest estimate is $495.24M.
A total of 14 analysts have provided revenue estimates for EVH’s current fiscal year. The highest revenue estimate was $2.08B, while the lowest revenue estimate was $2.01B, resulting in an average revenue estimate of $2.05B. In the same quarter a year ago, actual revenue was $2.55BBased on 14 analysts’ estimates, the company’s revenue will be $2.39B in the next fiscal year. The high estimate is $2.66B and the low estimate is $2.23B.
