A share price of Evolent Health Inc [EVH] is currently trading at $24.14, up 3.74%. An important factor to consider is whether the stock is rising or falling in short-term value. The EVH shares have gain 7.77% over the last week, with a monthly amount drifted -10.76%, 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 October 11, 2024, when KeyBanc Capital Markets initiated its Overweight rating and assigned the stock a price target of $35. Previously, Truist upgraded its rating to Buy on August 09, 2024, and elevated its price target to $33. On April 22, 2024, Citigroup initiated with a Buy rating and assigned a price target of $40 on the stock. Oppenheimer started tracking the stock assigning a Outperform rating and suggested a price target of $45 on March 01, 2024. Barclays initiated its recommendation with a Overweight and recommended $39 as its price target on January 03, 2024. JMP Securities started tracking with a Mkt Outperform rating for this stock on December 06, 2023, and assigned it a price target of $37. In a note dated October 16, 2023, UBS initiated an Buy rating and provided a target price of $46 on this stock.
Evolent Health Inc experienced fluctuations in its stock price throughout the past year between $17.98 and $35.00. Currently, Wall Street analysts expect the stock to reach $43 within the next 12 months. Evolent Health Inc [NYSE: EVH] shares were valued at $24.14 at the most recent close of the market. An investor can expect a potential return of 78.13% based on the average EVH price forecast.
Analyzing the EVH fundamentals
Trailing Twelve Months sales for Evolent Health Inc [NYSE:EVH] were 2.35B which represents 37.94% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.75.
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 23.23 points at the first support level, and at 22.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.73, and for the 2nd resistance point, it is at 25.31.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Evolent Health Inc [NYSE:EVH] 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 1.19, the price to book ratio is 2.63.
Transactions by insiders
Recent insider trading involved McCarthy Daniel Joseph, PRESIDENT, that happened on Aug 22 ’24 when 23693.0 shares were sold. PRESIDENT, McCarthy Daniel Joseph completed a deal on Aug 23 ’24 to sell 10469.0 shares. Meanwhile, General Counsel Weinberg Jonathan sold 42140.0 shares on Aug 22 ’24.
