A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Evolent Health Inc’s current trading price is -25.03% away from its 52-week high, while its distance from the 52-week low is 45.94%. The stock’s price range for this time frame has been between $17.98 and $35.00. The trading volume of the company’s shares in the Healthcare reached around 1.02 million for the day, which was evidently lower than the average daily volume of 2.44 million over the last three months.
The market performance of Evolent Health Inc has been somewhat unstable. Over the past year, the company’s stock achieved a high of $35.00 on 03/04/24, with the lowest value for the same timeframe being $17.98, recorded on 07/01/24.
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How Financial Performance Impacts Market Capitalization
Evolent Health Inc (EVH) has experienced a quarterly rise of 32.93% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.05B and boasts a workforce of 4700 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 24.66, with a change in price of -0.65. Similarly, Evolent Health Inc recorded 2,214,289 in trading volume during the last 100 days, posting a change of -2.41%.
How EVH’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for EVH stands at 0.78. Similarly, the long-term debt-to-equity ratio is also 0.77.
EVH Stock Stochastic Average
The raw stochastic average for Evolent Health Inc over the last 50 days is presently at 45.72%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 8.96%. Further, the company’s Stochastic %K and %D values for the last 20 days were 9.12% and 18.74%, respectively.
EVH Stock Price Performance Analysis
The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. The index has shown a price loss of -20.56% this year. Over the last six months, there has been a stronger performance of -12.91%. The price of EVH leaped by -15.41% during the last 30 days period. For the last 5-days stocks have slided -5.27%.
