In recent trading session, Evolent Health Inc (NYSE:EVH) saw 8.66 million shares changing hands at last check today with its beta currently measuring 1.59. Company’s recent per share price level of $14.49 trading at -$10.08 or -41.01% at last check today assigns it a market valuation of $1.69B. That most recent trading price of EVH’s stock is at a discount of -141.55% from its 52-week high price of $35.00 and is indicating a discount of -24.09% from its 52-week low price of $17.98. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.56 million shares which gives us an average trading volume of 2.13 million if we extend that period to 3-months.
For Evolent Health Inc (EVH), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.12. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.38 in the current quarter.
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Evolent Health Inc (NYSE:EVH) trade information
Upright in the red during last session for losing -41.01%, in the last five days EVH remained trading in the red while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $14.49 price level, adding 42.55% to its value on the day. Evolent Health Inc’s shares saw a change of -56.12% in year-to-date performance and have moved -38.21% in past 5-day. Evolent Health Inc (NYSE:EVH) showed a performance of -45.91% in past 30-days. Number of shares sold short was 10.9 million shares which calculate 6.55 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 43 to the stock, which implies a rise of 66.3% to its recent value today. Analysts have been projecting 33 as a low price target for the stock while placing it at a high target of 51. It follows that stock’s current price would drop -127.74% in reaching the projected high whereas dropping to the targeted low would mean a loss of -127.74% for stock’s current value.
Evolent Health Inc (EVH) estimates and forecasts
Statistics highlight that Evolent Health Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -40.74% of value to its shares in past 6 months, showing an annual growth rate of 50.57% while that of industry is 20.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 31.20% from the last financial year’s standing.
14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 662.24M for the same. And 10 analysts are in estimates of company making revenue of 713.79M in the next quarter. Company posted 556.05M and 639.65M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -13.43% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 6.11% while estimates for its earnings growth in next 5 years are of 30.00%.
Evolent Health Inc (NYSE:EVH)’s Major holders
Insiders are in possession of 3.96% of company’s total shares while institution are holding 117.21 percent of that, with stock having share float percentage of 122.04%. Investors also watch the number of corporate investors in a company very closely, which is 117.21% institutions for Evolent Health Inc that are currently holding shares of the company. WELLINGTON MANAGEMENT GROUP LLP is the top institutional holder at EVH for having 11.17 million shares of worth $213.55 million. And as of 2024-06-30, it was holding 9.785 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 11.06 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.6862 of outstanding shares, having a total worth of $211.39 million.
