Evolent Health Inc [NYSE: EVH] price plunged by -8.15 percent to reach at -$0.77.
The one-year EVH stock forecast points to a potential upside of 43.75. The average equity rating for EVH stock is currently 1.13, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Evolent Health Inc [EVH]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EVH shares is $15.43 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EVH stock is a recommendation set at 1.13. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Needham have made an estimate for Evolent Health Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 10, 2025. While these analysts kept the previous recommendation, BTIG Research dropped their target price from $36 to $29. The new note on the price target was released on December 03, 2024, representing the official price target for Evolent Health Inc stock. Previously, the target price had yet another drop from $38 to $16, while Stephens kept a Equal-Weight rating on EVH stock.
The Average True Range (ATR) for Evolent Health Inc is set at 0.62, with the Price to Sales ratio for EVH stock in the period of the last 12 months amounting to 0.40. The Price to Book ratio for the last quarter was 1.00, with the Price to Cash per share for the same quarter was set at 1.40.
EVH Stock Performance Analysis:
Evolent Health Inc [EVH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -18.95. With this latest performance, EVH shares dropped by -16.70% in over the last four-week period, additionally sinking by -72.55% over the last 6 months – not to mention a drop of -74.11% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EVH stock in for the last two-week period is set at 31.56, with the RSI for the last a single of trading hit 27.17, and the three-weeks RSI is set at 33.72 for Evolent Health Inc [EVH]. The present Moving Average for the last 50 days of trading for this stock 10.66, while it was recorded at 9.84 for the last single week of trading, and 19.68 for the last 200 days.
Insight into Evolent Health Inc Fundamentals:
Evolent Health Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.85 and a Current Ratio set at 0.85.
EVH Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EVH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Evolent Health Inc go to 32.90%.
Evolent Health Inc [EVH] Institutonal Ownership Details
The top three institutional holders of EVH stocks are: WELLINGTON MANAGEMENT GROUP LLP with ownership of 11.17 million shares, which is approximately 9.785%. VANGUARD GROUP INC, holding 11.06 million shares of the stock with an approximate value of $$211.39 million in EVH stocks shares; and VANGUARD GROUP INC, currently with $$166.1 million in EVH stock with ownership which is approximately 7.6108%.
