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Evolent Health Inc (EVH) Volatility At 3.37%, Should You Add A Position?

Evolent Health Inc (NYSE: EVH) is -8.78% lower on its value in year-to-date trading and has touched a low of $23.33 and a high of $36.70 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EVH stock was last observed hovering at around $30.33 in the last trading session, with the day’s loss setting it -0.2%.

Currently trading at $30.13, the stock is -8.44% and -5.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing -0.66% at the moment leaves the stock 2.75% off its SMA200. EVH registered -7.15% loss for a year compared to 6-month gain of 11.97%. The firm has a 50-day simple moving average (SMA 50) of $1.99 and a 200-day simple moving average (SMA200) of -$157.61.

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The stock witnessed a -13.22% loss in the last 1 month and extending the period to 3 months gives it a -9.47%, and is -6.22% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.37% over the week and 2.42% over the month.

Evolent Health Inc (EVH) has around 4700 employees, a market worth around $3.48B and $1.96B in sales. Fwd P/E is 19.34. Profit margin for the company is -7.24%. Distance from 52-week low is 29.15% and -17.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.56%).

Evolent Health Inc quarterly earnings per share for the current quarter are estimated at $0.23 with sales reaching $600.86M over the same period.The EPS is expected to grow by 23.81% this year, but quarterly earnings will post 25.70% year-over-year. Quarterly sales are estimated to grow 40.50% in year-over-year returns.

335 institutions hold shares in Evolent Health Inc (EVH), with institutional investors hold 116.90% of the company’s shares. The shares outstanding are 113.89M, and float is at 109.55M with Short Float at 9.87%. Institutions hold 112.03% of the Float.

The top institutional shareholder in the company is FMR, LLC with over 16.83 million shares valued at $510.05 million. The investor’s holdings represent 14.86% of the EVH Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 10.32 million shares valued at $312.71 million to account for 9.11% of the shares outstanding. The other top investors are Blackrock Inc. which holds 7.6 million shares representing 6.71% and valued at over $230.16 million, while JP Morgan Chase & Company holds 5.18% of the shares totaling 5.87 million with a market value of $177.85 million.

Evolent Health Inc (EVH) Insider Activity

The most recent transaction is an insider sale by Blackley Seth, the company’s Chief Executive Officer. SEC filings show that Blackley Seth sold 141,000 shares of the company’s common stock on Dec 05 ’23 at a price of $26.54 per share for a total of $3.74 million. Following the sale, the insider now owns 0.64 million shares.

Evolent Health Inc disclosed in a document filed with the SEC on Nov 15 ’23 that McCarthy Daniel Joseph (PRESIDENT) sold a total of 11,000 shares of the company’s common stock. The trade occurred on Nov 15 ’23 and was made at $30.00 per share for $0.33 million. Following the transaction, the insider now directly holds 0.2 million shares of the EVH stock.

Still, SEC filings show that on Aug 15 ’23, Rafferty Emily Ann (Chief Operating Officer) disposed off 7,900 shares at an average price of $28.05 for $0.22 million. The insider now directly holds 70,897 shares of Evolent Health Inc (EVH).

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