During the last session, Evolent Health Inc (NYSE:EVH)’s traded shares were 2.51 million, with the beta value of the company hitting 1.27. At the end of the trading day, the stock’s price was $8.74, reflecting an intraday gain of 2.22% or $0.19. The 52-week high for the EVH share is $34.84, that puts it down -298.63 from that peak though still a striking 3.89% gain since the share price plummeted to a 52-week low of $8.40. The company’s market capitalization is $1.02B, and the average trade volume was 2.43 million shares over the past three months.
Evolent Health Inc (EVH) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.13. EVH has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.09.
Evolent Health Inc (NYSE:EVH) trade information
Evolent Health Inc (EVH) registered a 2.22% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.22% in intraday trading to $8.74, hitting a weekly high. The stock’s 5-day price performance is -7.51%, and it has moved by -14.40% in 30 days. Based on these gigs, the overall price performance for the year is -74.60%.
The consensus price target of analysts on Wall Street is $19, which implies an increase of 54.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $14 and $38 respectively. As a result, EVH is trading at a discount of -334.78% off the target high and -60.18% off the low.
Evolent Health Inc (EVH) estimates and forecasts
In the rating firms’ projections, revenue will decrease -18.28% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 460.78M as predicted by 13 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to 503.88M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 639.65M and 647.14M respectively. In this case, analysts expect current quarter sales to shrink by -27.96% and then drop by -22.14% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 25.98%. While earnings are projected to return 3.18% in 2025, the next five years will return 26.35% per annum.
EVH Dividends
Evolent Health Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 11.06 million shares, is of VANGUARD GROUP INC’s that is approximately 9.6862% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $211.39 million.
Also, the Mutual Funds coming in first place with the largest holdings of Evolent Health Inc (EVH) shares are Vanguard Specialized-Health Care Fund and Vanguard Total Stock Market Index Fund . Data provided on Oct 31, 2024 indicates that Vanguard Specialized-Health Care Fund owns about 4.98 shares. This amounts to just over 4.27 percent of the company’s overall shares, with a $43.5 million market value. The same data shows that the other fund manager holds slightly less at 3.48, or about 2.99% of the stock, which is worth about $30.44 million.
