Evolent Health Inc [EVH] stock is trading at $32.97, up 2.74%. An important factor to consider is whether the stock is rising or falling in short-term value. The EVH shares have gain 20.42% over the last week, with a monthly amount glided 48.58%, and 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 August 09, 2024, when Truist upgraded its rating to a Buy and also boosted its price target to $33 from $28. Previously, Citigroup started tracking the stock with Buy rating on April 22, 2024, and set its price target to $40. On March 01, 2024, Oppenheimer initiated with a Outperform rating and assigned a price target of $45 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $39 on January 03, 2024. JMP Securities initiated its recommendation with a Mkt Outperform and recommended $37 as its price target on December 06, 2023. UBS started tracking with a Buy rating for this stock on October 16, 2023, and assigned it a price target of $46. In a note dated April 12, 2023, Stephens initiated an Overweight rating and provided a target price of $40 on this stock.
Evolent Health Inc [EVH] stock has fluctuated between $17.98 and $35.00 over the past year. Currently, Wall Street analysts expect the stock to reach $44 within the next 12 months. Evolent Health Inc [NYSE: EVH] shares were valued at $32.97 at the most recent close of the market. An investor can expect a potential return of 33.45% based on the average EVH price forecast.
Analyzing the EVH fundamentals
Evolent Health Inc [NYSE:EVH] reported sales of 2.35B for the trailing twelve months, which represents a growth of 37.94%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.07 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.75.
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 32.23 points at the first support level, and at 31.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.47, and for the 2nd resistance point, it is at 33.96.
Ratios To Look Out For
For context, Evolent Health Inc’s Current Ratio is 1.08. On the other hand, the Quick Ratio is 1.08, and the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 1.63, the price to book ratio is 3.59.
Transactions by insiders
Recent insider trading involved Weinberg Jonathan, Officer, that happened on Aug 22 ’24 when 42140.0 shares were purchased. Officer, Blackley Seth completed a deal on Aug 22 ’24 to buy 0.19 million shares. Meanwhile, Officer Rafferty Emily Ann bought 8861.0 shares on Aug 22 ’24.
