Is Evolent Health Inc (NYSE: EVH) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted Evolent to Release Fourth Quarter 2023 Financial Results on Thursday, February 22, 2024.

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Stocks Info

This NYSE-listed company operates within the Health Information Services industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $29.73 and fluctuated between $29.94 as its day high and $29.17 as its day low. The current market capitalization of Evolent Health Inc is $3.42B. A total of 0.66 million shares were traded on the day, compared to an average of 1.40M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, EVH has seen 1 BUY and 3 SELL insider trades, representing the acquisition of 3,000 and the disposition of 11,000 shares. Over the last 12 months, there were 32 BUYs and 44 SELLs from insiders. Insiders purchased 1,815,120 shares during that period but sold 1,135,048.

In the most recent transaction, Blackley Seth sold 141,000 shares of EVH for 26.54 per share on Dec 05. After the transaction, the Chief Executive Officer now owns 637,645 company shares. In a previous transaction on Nov 15, McCarthy Daniel Joseph sold 11,000 shares at 30.00 per share. EVH shares that PRESIDENT owns now total 198,333.

Among the insiders who sold shares, Rafferty Emily Ann disposed of 7,900 shares on Aug 15 at a per-share price of $28.05. This resulted in the Chief Operating Officer holding 70,897 shares of EVH after the transaction. In another insider transaction, Blackley Seth sold 33,011 shares at $30.78 per share on Jun 28. Company shares held by the Chief Executive Officer now total 783,011.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for EVH in the last 3 months, the mean price target is $44.92 with high estimates of $63.00 and low estimates of $34.00. In terms of 52-week highs and lows, EVH has a high of $36.70 and a low of $23.33.

As of this writing, EVH has an earnings estimate of $0.15 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.3 per share and a lower estimate of $0.01. The company reported an EPS of $0.14 in the last quarter, which was 27.30% higher than expectations of $0.11.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. EVH’s latest balance sheet shows that the firm has $266.28M in Cash & Short Term Investments as of fiscal 2021. There were $280.47M in debt and $445.49M in liabilities at the time. Its Book Value Per Share was $9.68, while its Total Shareholder’s Equity was $693.63M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EVH is Buy with a score of 4.77.

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