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Evolent Health Inc (NYSE: EVH) closed the day trading at $11.25 down -2.93% from the previous closing price of $11.59. In other words, the price has decreased by -$2.93 from its previous closing price. On the day, 1.97 million shares were traded. EVH stock price reached its highest trading level at $11.77 during the session, while it also had its lowest trading level at $11.18.
Ratios:
For a better understanding of EVH, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.62. For the most recent quarter (mrq), Quick Ratio is recorded 1.04 and its Current Ratio is at 1.04. In the meantime, Its Debt-to-Equity ratio is 0.79 whereas as Long-Term Debt/Eq ratio is at 0.79.
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, Stephens on November 08, 2024, Downgraded its rating to Equal-Weight and sets its target price to $16 from $38 previously.
On October 11, 2024, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $35.
Truist Upgraded its Hold to Buy on August 09, 2024, whereas the target price for the stock was revised from $28 to $33.
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 1294042496 and an Enterprise Value of 2019835136. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.52 while its Price-to-Book (P/B) ratio in mrq is 1.25. Its current Enterprise Value per Revenue stands at 0.82 whereas that against EBITDA is 16.431.
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 $11.17. The 50-Day Moving Average of the stock is -51.62%, while the 200-Day Moving Average is calculated to be -56.77%.
Shares Statistics:
Over the past 3-months, EVH traded about 2.47M shares per day on average, while over the past 10 days, EVH traded about 3590850 shares per day. A total of 113.89M shares are outstanding, with a floating share count of 111.83M. Insiders hold about 4.06% of the company’s shares, while institutions hold 110.63% stake in the company. Shares short for EVH as of 1730332800 were 12487260 with a Short Ratio of 5.05, compared to 1727654400 on 12533726. Therefore, it implies a Short% of Shares Outstanding of 12487260 and a Short% of Float of 12.379999999999999.
