Evolent Health Inc (EVH) concluded trading on Thursday at a closing price of $11.59, with 2.99 million shares of worth about $34.62 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -49.37% during that period and on November 21, 2024 the price saw a gain of about 2.48%. Currently the company’s common shares owned by public are about 113.89M shares, out of which, 111.83M shares are available for trading.
Stock saw a price change of -8.52% in past 5 days and over the past one month there was a price change of -48.26%. Year-to-date (YTD), EVH shares are showing a performance of -64.91% which decreased to -59.71% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.20 but also hit the highest price of $35.00 during that period. The average intraday trading volume for Evolent Health Inc shares is 2.44 million. The stock is currently trading -36.68% below its 20-day simple moving average (SMA20), while that difference is down -50.96% for SMA50 and it goes to -55.63% lower than SMA200.
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Evolent Health Inc (NYSE: EVH) currently have 113.89M outstanding shares and institutions hold larger chunk of about 110.63% of that.
The stock has a current market capitalization of $1.35B and its 3Y-monthly beta is at 1.51. It has posted earnings per share of -$0.91 in the same period. It has Quick Ratio of 1.04 while making debt-to-equity ratio of 0.79. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EVH, volatility over the week remained 4.59% while standing at 6.39% over the month.
Stock’s fiscal year EPS is expected to drop by -10.46% while it is estimated to increase by 35.46% in next year. EPS is likely to grow at an annualized rate of 30.00% for next 5-years, compared to annual growth of -13.43% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stephens on November 08, 2024 offering an Equal-weight rating for the stock and assigned a target price range of between $38 and $16 to it. Coverage by KeyBanc Capital Markets stated Evolent Health Inc (EVH) stock as an Overweight in their note to investors on October 11, 2024, suggesting a price target of $35 for the stock. On August 09, 2024, Truist Upgrade their recommendations, while on April 22, 2024, Citigroup Initiated their ratings for the stock with a price target of $40. Stock get an Outperform rating from Oppenheimer on March 01, 2024.
