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After finishing at $31.02 in the prior trading day, Evolent Health Inc (NYSE: EVH) closed at $30.02, down -3.22%. In other words, the price has decreased by -$3.22 from its previous closing price. On the day, 1.25 million shares were traded. EVH stock price reached its highest trading level at $31.29 during the session, while it also had its lowest trading level at $29.6.
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 28.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.13. For the most recent quarter (mrq), Quick Ratio is recorded 1.08 and its Current Ratio is at 1.08. In the meantime, Its Debt-to-Equity ratio is 0.78 whereas as Long-Term Debt/Eq ratio is at 0.77.
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 the company, Truist on August 09, 2024, Upgraded its rating to Buy and sets its target price to $33 from $28 previously.
On April 22, 2024, Citigroup started tracking the stock assigning a Buy rating and target price of $40.
On March 01, 2024, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $45.Oppenheimer initiated its Outperform rating on March 01, 2024, with a $45 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 Aug 22 ’24 when McCarthy Daniel Joseph sold 23,693 shares for $30.89 per share. The transaction valued at 731,790 led to the insider holds 198,809 shares of the business.
McCarthy Daniel Joseph sold 10,469 shares of EVH for $339,008 on Aug 23 ’24. The PRESIDENT now owns 188,340 shares after completing the transaction at $32.38 per share. On Aug 22 ’24, another insider, Weinberg Jonathan, who serves as the General Counsel of the company, sold 42,140 shares for $31.20 each. As a result, the insider received 1,314,706 and left with 167,027 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 3607323392 and an Enterprise Value of 4278293760. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48 while its Price-to-Book (P/B) ratio in mrq is 3.27. Its current Enterprise Value per Revenue stands at 1.818 whereas that against EBITDA is 31.399.
Stock Price History:
Over the past 52 weeks, EVH has reached a high of $35.00, while it has fallen to a 52-week low of $17.98. The 50-Day Moving Average of the stock is 26.86%, while the 200-Day Moving Average is calculated to be 7.97%.
Shares Statistics:
The stock has traded on average 2.53M shares per day over the past 3-months and 3428030 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 110.62M. Insiders hold about 4.87% of the company’s shares, while institutions hold 118.43% stake in the company. Shares short for EVH as of 1723680000 were 15867814 with a Short Ratio of 6.28, compared to 1721001600 on 13893762. Therefore, it implies a Short% of Shares Outstanding of 15867814 and a Short% of Float of 15.529999.
