Evolent Health Inc saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $35.00 on 03/04/24, while the lowest price for the same duration was marked 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 much about its current status and future trajectory. Evolent Health Inc’s current trading price is -31.60% away from its 52-week high, while its distance from the 52-week low is 33.15%. The stock’s price range during this period has spanned from $17.98 to $35.00. In the Healthcare sector, the Evolent Health Inc’s shares surpassed a trading volume of approximately 2.36 million for the day, which was noticeably higher compared to the average daily volume of 9.2.23 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Evolent Health Inc (EVH) has experienced a quarterly rise of 21.28% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.78B and boasts a workforce of 4700 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 24.99, with a change in price of +0.85. Similarly, Evolent Health Inc recorded 2,187,628 in trading volume during the last 100 days, posting a change of +3.68%.
Examining EVH’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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
Today’s raw stochastic average for Evolent Health Inc over the last 50 days is 1.32%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 1.73%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 9.18% and 14.32%, respectively.
EVH Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. This year’s metric has recorded a Price decrease of -27.52%. However, over the past six months, we’ve seen a stronger performance of -18.87%. The price of EVH leaped by -22.30% over the last 30 days. And in the last five days, it has fallen by -11.53%.
