While Evolent Health Inc has underperformed by -0.99%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EVH fell by -14.55%, with highs and lows ranging from $35.00 to $17.98, whereas the simple moving average fell by -16.32% in the last 200 days.
On October 11, 2024, KeyBanc Capital Markets started tracking Evolent Health Inc (NYSE: EVH) recommending Overweight. A report published by Truist on August 09, 2024, Upgraded its rating to ‘Buy’ for EVH. Citigroup also rated EVH shares as ‘Buy’, setting a target price of $40 on the company’s shares in an initiating report dated April 22, 2024. Oppenheimer Initiated an Outperform rating on March 01, 2024, and assigned a price target of $45. Barclays initiated its ‘Overweight’ rating for EVH, as published in its report on January 03, 2024. JMP Securities’s report from December 06, 2023 suggests a price prediction of $37 for EVH shares, giving the stock a ‘Mkt Outperform’ rating. UBS also rated the stock as ‘Buy’.
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Analysis of Evolent Health Inc (EVH)
Further, the quarter-over-quarter increase in sales is 37.94%, showing a positive trend in the upcoming months.
Evolent Health Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -6.93% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.08, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and EVH has an average volume of 2.26M. On a monthly basis, the volatility of the stock is set at 4.19%, whereas on a weekly basis, it is put at 5.06%, with a loss of -13.00% over the past seven days. Furthermore, long-term investors anticipate a median target price of $41.50, showing growth from the present price of $22.96, which can serve as yet another indication of whether EVH is worth investing in or should be passed over.
How Do You Analyze Evolent Health Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.87%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 112.80% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
EVH shares are owned by institutional investors to the tune of 112.80% at present.
