On Tuesday, Evolent Health Inc (NYSE: EVH) opened higher 0.90% from the last session, before settling in for the closing price of $23.36. Price fluctuations for EVH have ranged from $17.98 to $35.00 over the past 52 weeks.
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A company in the Healthcare sector has jumped its sales by 27.32% annually for the last half of the decade. Company’s average yearly earnings per share was noted 22.73% at the time writing. With a float of $110.62 million, this company’s outstanding shares have now reached $113.89 million.
In an organization with 4700 employees, it is important to assess its efficiency. 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 and Institutional Ownership
A key investor’s attitude towards the stock of the Health Information Services industry is another important factor to consider. The insider ownership of Evolent Health Inc is 4.87%, while institutional ownership is 113.04%. 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) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.3 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.07) by 0.23. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.38 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 22.73% 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
Check out the current performance indicators for Evolent Health Inc (EVH). In the past 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 1.16. Likewise, its price to free cash flow for the trailing twelve months is 18.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.94, a number that is poised to hit 0.28 in the next quarter and is forecasted to reach 1.57 in one year’s time.
Technical Analysis of Evolent Health Inc (EVH)
Let’s dig in a bit further. During the last 5-days, its volume was 1.26 million. That was inferior than the volume of 1.61 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 45.86%. Additionally, its Average True Range was 1.09.
During the past 100 days, Evolent Health Inc’s (EVH) raw stochastic average was set at 35.72%, which indicates a significant increase from 33.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.92% in the past 14 days, which was lower than the 64.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $27.47, while its 200-day Moving Average is $27.04. However, in the short run, Evolent Health Inc’s stock first resistance to watch stands at $23.88. Second resistance stands at $24.18. The third major resistance level sits at $24.56. If the price goes on to break the first support level at $23.20, it is likely to go to the next support level at $22.82. The third support level lies at $22.52 if the price breaches the second support level.
Evolent Health Inc (NYSE: EVH) Key Stats
There are currently 116,290K shares outstanding in the company with a market cap of 2.74 billion. Presently, the company’s annual sales total 1,964 M according to its annual income of -113,040 K. Last quarter, the company’s sales amounted to 647,150 K and its income totaled 1,600 K.
