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After finishing at $29.64 in the prior trading day, Evolent Health Inc (NYSE: EVH) closed at $29.62, down -0.07%. In other words, the price has decreased by -$0.07 from its previous closing price. On the day, 0.83 million shares were traded. EVH stock price reached its highest trading level at $30.505 during the session, while it also had its lowest trading level at $29.39.
Ratios:
Our goal is to gain a better understanding of EVH by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.03. For the most recent quarter (mrq), Quick Ratio is recorded 1.01 and its Current Ratio is at 1.01. In the meantime, Its Debt-to-Equity ratio is 0.77 whereas as Long-Term Debt/Eq ratio is at 0.76.
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, Oppenheimer on March 01, 2024, initiated with a Outperform rating and assigned the stock a target price of $45.
On January 03, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $39.
On December 06, 2023, JMP Securities started tracking the stock assigning a Mkt Outperform rating and target price of $37.JMP Securities initiated its Mkt Outperform rating on December 06, 2023, with a $37 target price.
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 Dec 05 ’23 when Blackley Seth sold 141,000 shares for $26.54 per share. The transaction valued at 3,741,475 led to the insider holds 637,645 shares of the business.
McCarthy Daniel Joseph sold 11,000 shares of EVH for $330,000 on Nov 15 ’23. The PRESIDENT now owns 198,333 shares after completing the transaction at $30.00 per share. On Aug 15 ’23, another insider, Rafferty Emily Ann, who serves as the Chief Operating Officer of the company, sold 7,900 shares for $28.05 each. As a result, the insider received 221,595 and left with 70,897 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EVH now has a Market Capitalization of 3373510656 and an Enterprise Value of 4003894528. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.74 while its Price-to-Book (P/B) ratio in mrq is 3.16. Its current Enterprise Value per Revenue stands at 2.039 whereas that against EBITDA is 31.404.
Stock Price History:
Over the past 52 weeks, EVH has reached a high of $36.70, while it has fallen to a 52-week low of $23.33. The 50-Day Moving Average of the stock is -7.24%, while the 200-Day Moving Average is calculated to be 0.82%.
Shares Statistics:
The stock has traded on average 952.74K shares per day over the past 3-months and 732130 shares per day over the last 10 days, according to various share statistics. A total of 113.89M shares are outstanding, with a floating share count of 109.55M. Insiders hold about 5.09% of the company’s shares, while institutions hold 110.34% stake in the company. Shares short for EVH as of 1711584000 were 10606384 with a Short Ratio of 11.13, compared to 1709164800 on 11243241. Therefore, it implies a Short% of Shares Outstanding of 10606384 and a Short% of Float of 10.92.
Earnings Estimates
Evolent Health Inc (EVH) is currently under the scrutiny of EHang Holdings Limited analysts, each contributing to the ongoing evaluation of its stock.The consensus estimate for the next quarter is $106.31, with high estimates of $1.98 and low estimates of $0.40.
Analysts are recommending an EPS of between $Communication Services and $Basic Materials for the fiscal current year, implying an average EPS of $Consumer Cyclical.
