Evolent Health Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $35.00 on 03/04/24, and the lowest price during the same period was recorded at $17.98 on 07/01/24.
52-week price history of EVH Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Evolent Health Inc’s current trading price is -29.83% away from its 52-week high, while its distance from the 52-week low is 36.60%. The stock’s price range during this period has fluctuated between $17.98 and $35.00. Shares of the company, which operates in the Healthcare sector, recorded a trading volume of around 1.27 million for the day, which was evidently lower than the average daily volume of 2.22 million over the last three months.
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Financial Performance and Market Capitalization
Evolent Health Inc (EVH) has experienced a quarterly rise of 24.73% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.86B and boasts a workforce of 4700 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 24.97, with a change in price of +1.29. Similarly, Evolent Health Inc recorded 2,156,090 in trading volume during the last 100 days, posting a change of +5.54%.
EVH Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of 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
Evolent Health Inc’s raw stochastic average for the past 50 days is currently at 32.81%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 2.30%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 11.86% and 18.19%, respectively.
EVH Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The metric has seen a significant loss of -25.64% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -17.08%. Over the past 30 days, the price of EVH has leaped by -20.36%. And in the last five days, it has fallen by -8.36%.
