Evolent Health Inc (NYSE:EVH) has a beta value of 1.57 and has seen 1.33 million shares traded in the last trading session. The company, currently valued at $3.61B, closed the last trade at $31.02 per share which meant it lost -$0.96 on the day or -3.00% during that session. The EVH stock price is -12.83% off its 52-week high price of $35.00 and 42.04% above the 52-week low of $17.98. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.43 million shares traded. The 3-month trading volume is 2.51 million shares.
The consensus among analysts is that Evolent Health Inc (EVH) is Buy stock at the moment, with a recommendation rating of 1.12. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 5 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.34.
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Evolent Health Inc (NYSE:EVH) trade information
Sporting -3.00% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the EVH stock price touched $31.02 or saw a rise of 4.11%. Year-to-date, Evolent Health Inc shares have moved -6.09%, while the 5-day performance has seen it change -1.90%. Over the past 30 days, the shares of Evolent Health Inc (NYSE:EVH) have changed 37.38%. Short interest in the company has seen 15.87 million shares shorted with days to cover at 5.84.
Wall Street analysts have a consensus price target for the stock at $44, which means that the shares’ value could jump 29.5% from current levels. The projected low price target is $33.0 while the price target rests at a high of $51.0. In that case, then, we find that the current price level is -64.41% off the targeted high while a plunge would see the stock gain -6.38% from current levels.
Evolent Health Inc (EVH) estimates and forecasts
Figures show that Evolent Health Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -10.66% over the past 6 months, with this year growth rate of 54.02%, compared to 17.50% for the industry. Revenue growth from the last financial year stood is estimated to be 31.30%.
14 analysts offering their estimates for the company have set an average revenue estimate of 628.24M for the current quarter. 14 have an estimated revenue figure of 662.42M for the next ending quarter. Year-ago sales stood 509.24M and 556.05M respectively for this quarter and the next, and analysts expect sales will grow by 23.40% for the current quarter and 31.30% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -13.43% over the past 5 years. Earnings growth for 2024 is a modest 20.74% while over the next 5 years, the company’s earnings are expected to increase by 30.00%.
EVH Dividends
Evolent Health Inc is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Evolent Health Inc (NYSE:EVH)’s Major holders
Insiders own 3.96% of the company shares, while shares held by institutions stand at 115.90% with a share float percentage of 120.67%. Investors are also buoyed by the number of investors in a company, with Evolent Health Inc having a total of 347.0 institutions that hold shares in the company. The top two institutional holders are WELLINGTON MANAGEMENT GROUP LLP with over 11.17 million shares worth more than $213.55 million. As of 2024-06-30, WELLINGTON MANAGEMENT GROUP LLP held 9.785% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 11.06 million shares as of 2024-06-30. The firm’s total holdings are worth over $211.39 million and represent 9.6862% of shares outstanding.
