On Friday, Evolent Health Inc (NYSE: EVH) was 5.49% up from the session before settling in for the closing price of $22.77. A 52-week range for EVH has been $17.98 – $35.00.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 27.32%. When this article was written, the company’s average yearly earnings per share was at 22.96%. With a float of $110.62 million, this company’s outstanding shares have now reached $113.89 million.
Let’s determine the extent of company efficiency that accounts for 4700 employees. In terms of profitability, gross margin is 16.03%, operating margin of -1.02%, and the pretax margin is -4.01%.
Evolent Health Inc (EVH) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Evolent Health Inc stocks. The insider ownership of Evolent Health Inc is 4.87%, while institutional ownership is 112.83%. The most recent insider transaction that took place on Aug 22 ’24, was worth 731,790. In this transaction PRESIDENT of this company sold 23,693 shares at a rate of $30.89, taking the stock ownership to the 198,809 shares. Before that another transaction happened on Aug 23 ’24, when Company’s PRESIDENT sold 10,469 for $32.38, making the entire transaction worth $339,008. This insider now owns 188,340 shares in total.
Evolent Health Inc (EVH) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 22.96% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 30.00% during the next five years compared to -13.43% drop over the previous five years of trading.
Evolent Health Inc (NYSE: EVH) Trading Performance Indicators
You can see what Evolent Health Inc (EVH) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.08. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.19. Likewise, its price to free cash flow for the trailing twelve months is 18.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.94, a number that is poised to hit 0.29 in the next quarter and is forecasted to reach 1.57 in one year’s time.
Technical Analysis of Evolent Health Inc (EVH)
Looking closely at Evolent Health Inc (NYSE: EVH), its last 5-days average volume was 2.0 million, which is a jump from its year-to-date volume of 1.63 million. As of the previous 9 days, the stock’s Stochastic %D was 18.47%. Additionally, its Average True Range was 1.21.
During the past 100 days, Evolent Health Inc’s (EVH) raw stochastic average was set at 38.59%, which indicates a significant increase from 35.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.17% in the past 14 days, which was lower than the 65.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $28.33, while its 200-day Moving Average is $27.29. However, in the short run, Evolent Health Inc’s stock first resistance to watch stands at $24.88. Second resistance stands at $25.73. The third major resistance level sits at $26.69. If the price goes on to break the first support level at $23.06, it is likely to go to the next support level at $22.10. Should the price break the second support level, the third support level stands at $21.25.
Evolent Health Inc (NYSE: EVH) Key Stats
There are 116,213K outstanding shares of the company, which has a market capitalization of 2.79 billion. As of now, sales total 1,964 M while income totals -113,040 K. Its latest quarter income was 647,150 K while its last quarter net income were 1,600 K.
