Evolent Health Inc [EVH] stock is trading at $30.30, up 0.56%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The EVH shares have lost -0.66% over the last week, with a monthly amount drifted -9.53%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Evolent Health Inc [NYSE: EVH] stock has seen the most recent analyst activity on March 01, 2024, when Oppenheimer initiated its Outperform rating and assigned the stock a price target of $45. Previously, Barclays started tracking the stock with Overweight rating on January 03, 2024, and set its price target to $39. On December 06, 2023, JMP Securities initiated with a Mkt Outperform rating and assigned a price target of $37 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $46 on October 16, 2023. Stephens initiated its recommendation with a Overweight and recommended $40 as its price target on April 12, 2023. Truist started tracking with a Hold rating for this stock on November 01, 2022, and assigned it a price target of $33. In a note dated July 29, 2022, RBC Capital Mkts initiated an Outperform rating and provided a target price of $40 on this stock.
Evolent Health Inc [EVH] stock has fluctuated between $23.33 and $36.70 over the past year. Currently, Wall Street analysts expect the stock to reach $47 within the next 12 months. Evolent Health Inc [NYSE: EVH] shares were valued at $30.30 at the most recent close of the market. An investor can expect a potential return of 55.12% based on the average EVH price forecast.
Analyzing the EVH fundamentals
Evolent Health Inc [NYSE:EVH] reported sales of 1.96B for the trailing twelve months, which represents a growth of 45.40%. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.1 and Total Capital is -0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 29.85 points at the first support level, and at 29.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.53, and for the 2nd resistance point, it is at 30.77.
Ratios To Look Out For
For context, Evolent Health Inc’s Current Ratio is 1.01. Also, the Quick Ratio is 1.01, while the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 1.78, the price to book ratio is 3.23.
Transactions by insiders
Recent insider trading involved Blackley Seth, Chief Executive Officer, that happened on Dec 05 ’23 when 0.14 million shares were sold. PRESIDENT, McCarthy Daniel Joseph completed a deal on Nov 15 ’23 to sell 11000.0 shares. Meanwhile, Chief Operating Officer Rafferty Emily Ann sold 7900.0 shares on Aug 15 ’23.
