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As of close of business last night, Evolent Health Inc’s stock clocked out at $23.36, down -0.43% from its previous closing price of $23.46. In other words, the price has decreased by -$0.43 from its previous closing price. On the day, 1.21 million shares were traded. EVH stock price reached its highest trading level at $24.215 during the session, while it also had its lowest trading level at $23.34.
Ratios:
To gain a deeper understanding of EVH’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.08. 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 this company, KeyBanc Capital Markets on October 11, 2024, initiated with a Overweight rating and assigned the stock a target price of $35.
On August 09, 2024, Truist Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $28 to $33.
On April 22, 2024, Citigroup started tracking the stock assigning a Buy rating and target price of $40.Citigroup initiated its Buy rating on April 22, 2024, with a $40 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 2716534528 and an Enterprise Value of 3399287296. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.16 while its Price-to-Book (P/B) ratio in mrq is 2.54. Its current Enterprise Value per Revenue stands at 1.444 whereas that against EBITDA is 24.948.
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 -15.46%, while the 200-Day Moving Average is calculated to be -13.71%.
Shares Statistics:
It appears that EVH traded 2.13M shares on average per day over the past three months and 1636530 shares per day over the past ten days. 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 113.00% stake in the company. Shares short for EVH as of 1728950400 were 10899772 with a Short Ratio of 5.11, compared to 1726185600 on 14036939. Therefore, it implies a Short% of Shares Outstanding of 10899772 and a Short% of Float of 10.67.
