While Evolent Health Inc has underperformed by -2.07%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EVH fell by -64.17%, with highs and lows ranging from $35.00 to $10.82, whereas the simple moving average fell by -55.44% in the last 200 days.
On December 03, 2024, BTIG Research Reiterated Evolent Health Inc (NYSE: EVH) to Buy. A report published by Stephens on November 08, 2024, Downgraded its rating to ‘Equal-Weight’ for EVH. KeyBanc Capital Markets also rated EVH shares as ‘Overweight’, setting a target price of $35 on the company’s shares in an initiating report dated October 11, 2024. Truist August 09, 2024d the rating to Buy on August 09, 2024, and set its price target from $28 to $33. Citigroup initiated its ‘Buy’ rating for EVH, as published in its report on April 22, 2024. Oppenheimer’s report from March 01, 2024 suggests a price prediction of $45 for EVH shares, giving the stock a ‘Outperform’ rating. Barclays also rated the stock as ‘Overweight’.
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Analysis of Evolent Health Inc (EVH)
Further, the quarter-over-quarter increase in sales is 21.60%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Evolent Health Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -6.77% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.04, 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.
An average volume of 2.52M can be a very valuable indicator of volatility for EVH stock. On a monthly basis, the volatility of the stock is set at 5.49%, whereas on a weekly basis, it is put at 5.38%, with a loss of -4.90% over the past seven days. Furthermore, long-term investors anticipate a median target price of $23.38, showing growth from the present price of $10.87, 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 the fundamentals, you should also consider how many employees own shares in the company. 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 4.06%. 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 110.57% 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 110.57% at present.
