Evolent Health Stock Buy Hold or Sell Recommendation
| EVH Stock | USD 29.62 0.02 0.07% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Evolent Health is 'Strong Hold'. Macroaxis provides Evolent Health buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding EVH positions. The advice algorithm takes into account all of Evolent Health's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Evolent Health's buy or sell advice are summarized below:
Real Value 34.29 | Target Price 46.78 | Hype Value 29.74 | Market Value 29.62 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Evolent Health given historical horizon and risk tolerance towards Evolent Health. When Macroaxis issues a 'buy' or 'sell' recommendation for Evolent Health, the advice is generated through an automated system that utilizes algorithms and statistical models.
Evolent |
Execute Evolent Health Buy or Sell Advice
The Evolent recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Evolent Health. Macroaxis does not own or have any residual interests in Evolent Health or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Evolent Health's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Evolent Health Trading Alerts and Improvement Suggestions
| The company reported the last year's revenue of 1.96 B. Reported Net Loss for the year was (113.04 M) with profit before taxes, overhead, and interest of 316.58 M. | |
| Evolent Health has a frail financial position based on the latest SEC disclosures | |
| Over 96.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from investing.com: Evolent Health stock maintains price target with Overweight rating |
Evolent Health Returns Distribution Density
The distribution of Evolent Health's historical returns is an attempt to chart the uncertainty of Evolent Health's future price movements. The chart of the probability distribution of Evolent Health daily returns describes the distribution of returns around its average expected value. We use Evolent Health price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Evolent Health returns is essential to provide solid investment advice for Evolent Health.
| Mean Return | -0.06 | Value At Risk | -2.62 | Potential Upside | 2.38 | Standard Deviation | 2.42 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Evolent Health historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Evolent Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Evolent Health is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Evolent Health backward and forwards among themselves. Evolent Health's institutional investor refers to the entity that pools money to purchase Evolent Health's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Eventide Asset Management, Llc | 2023-12-31 | 2.6 M | Ra Capital Management, Llc | 2023-12-31 | 2.5 M | State Street Corporation | 2023-12-31 | 2.5 M | Bellevue Group Ag | 2023-12-31 | 2.4 M | Geode Capital Management, Llc | 2023-12-31 | 2.4 M | Holocene Advisors, Lp | 2023-09-30 | 2.3 M | Farallon Capital Management, L.l.c. | 2023-12-31 | 2.2 M | Amvescap Plc. | 2023-12-31 | 2.1 M | Hood River Capital Management Llc | 2023-12-31 | 2.1 M | Fmr Inc | 2023-12-31 | 12.9 M | Vanguard Group Inc | 2023-12-31 | 10.8 M |
Evolent Health Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (19.5M) | 47.0M | (14.1M) | (10.7M) | (9.7M) | (9.2M) | |
| Change In Cash | (259.8M) | 233.1M | (6.6M) | (139.8M) | 8.3M | 7.5M | |
| Free Cash Flow | (78.2M) | (45.7M) | 13.8M | (49.9M) | 113.8M | 119.5M | |
| Depreciation | 60.9M | 61.5M | 60.0M | 67.2M | 123.4M | 129.6M | |
| Other Non Cash Items | 209.2M | 298.4M | 13.8M | 10.5M | 101.1M | 106.1M | |
| Capital Expenditures | 35.5M | 29.5M | 25.0M | 38.4M | 28.7M | 26.8M | |
| Net Income | (305.6M) | (334.2M) | (37.6M) | (19.2M) | (113.0M) | (118.7M) | |
| Investments | (93.7M) | (10.1M) | 54.2M | 36.5M | (413.9M) | (393.3M) | |
| Net Borrowings | (41.6M) | 13.5M | (98.8M) | 219.7M | 197.8M | 207.7M | |
| End Period Cash Flow | 128.5M | 361.6M | 354.9M | 215.2M | 223.5M | 238.4M | |
| Change To Netincome | 187.9M | 277.8M | 17.0M | (26.9M) | (31.0M) | (29.4M) |
Evolent Health Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Evolent Health or Health Care Technology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Evolent Health's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Evolent stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.14 | |
β | Beta against NYSE Composite | 1.45 | |
σ | Overall volatility | 2.44 | |
Ir | Information ratio | -0.05 |
Evolent Health Volatility Alert
Evolent Health exhibits very low volatility with skewness of 3.19 and kurtosis of 19.28. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Evolent Health's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Evolent Health's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Evolent Health Fundamentals Vs Peers
Comparing Evolent Health's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Evolent Health's direct or indirect competition across all of the common fundamentals between Evolent Health and the related equities. This way, we can detect undervalued stocks with similar characteristics as Evolent Health or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Evolent Health's fundamental indicators could also be used in its relative valuation, which is a method of valuing Evolent Health by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Evolent Health to competition |
| Fundamentals | Evolent Health | Peer Average |
| Return On Equity | -0.11 | -0.31 |
| Return On Asset | 0.0086 | -0.14 |
| Profit Margin | (0.06) % | (1.27) % |
| Operating Margin | 0.01 % | (5.51) % |
| Current Valuation | 4.07 B | 16.62 B |
| Shares Outstanding | 113.89 M | 571.82 M |
| Shares Owned By Insiders | 4.16 % | 10.09 % |
| Shares Owned By Institutions | 95.84 % | 39.21 % |
| Number Of Shares Shorted | 10.61 M | 4.71 M |
| Price To Earning | (13.88) X | 28.72 X |
| Price To Book | 3.21 X | 9.51 X |
| Price To Sales | 1.75 X | 11.42 X |
| Revenue | 1.96 B | 9.43 B |
| Gross Profit | 316.58 M | 27.38 B |
| EBITDA | 46.38 M | 3.9 B |
| Net Income | (113.04 M) | 570.98 M |
| Cash And Equivalents | 188.2 M | 2.7 B |
| Cash Per Share | 1.57 X | 5.01 X |
| Total Debt | 644.8 M | 5.32 B |
| Debt To Equity | 0.56 % | 48.70 % |
| Current Ratio | 1.03 X | 2.16 X |
| Book Value Per Share | 9.38 X | 1.93 K |
| Cash Flow From Operations | 142.58 M | 971.22 M |
| Short Ratio | 13.24 X | 4.00 X |
| Earnings Per Share | (1.28) X | 3.12 X |
| Price To Earnings To Growth | (1.37) X | 4.89 X |
| Target Price | 44.67 | |
| Number Of Employees | 4.7 K | 18.84 K |
| Beta | 1.54 | -0.15 |
| Market Capitalization | 3.44 B | 19.03 B |
| Total Asset | 2.68 B | 29.47 B |
| Retained Earnings | (719.19 M) | 9.33 B |
| Working Capital | 9.43 M | 1.48 B |
Note: Disposition of 5638 shares by Dan McCarthy of Evolent Health at 34.41 subject to Rule 16b-3 [view details]
Evolent Health Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Evolent . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 30365.0 | |||
| Daily Balance Of Power | (0.02) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 29.95 | |||
| Day Typical Price | 29.84 | |||
| Price Action Indicator | (0.34) | |||
| Period Momentum Indicator | (0.02) | |||
| Relative Strength Index | 14.37 |
About Evolent Health Buy or Sell Advice
When is the right time to buy or sell Evolent Health? Buying financial instruments such as Evolent Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 330.4M | 363.4M | 610.3M | 640.8M | Total Assets | 1.4B | 1.8B | 2.7B | 1.4B |
Use Investing Ideas to Build Portfolios
In addition to having Evolent Health in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Junk Bonds Funds Thematic Idea Now
Junk Bonds Funds
Funds or Etfs that invest most of their assets into speculative (junk) bonds or to other fixed income instruments with interest rates 3 to 4 percentage points above government issues. The Junk Bonds Funds theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Junk Bonds Funds Theme or any other thematic opportunities.
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Check out Evolent Health Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more detail on how to invest in Evolent Stock please use our How to Invest in Evolent Health guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for Evolent Stock analysis
When running Evolent Health's price analysis, check to measure Evolent Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Evolent Health is operating at the current time. Most of Evolent Health's value examination focuses on studying past and present price action to predict the probability of Evolent Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evolent Health's price. Additionally, you may evaluate how the addition of Evolent Health to your portfolios can decrease your overall portfolio volatility.
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Is Evolent Health's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Evolent Health. If investors know Evolent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Evolent Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.28) | Revenue Per Share 17.653 | Quarterly Revenue Growth 0.454 | Return On Assets 0.0086 | Return On Equity (0.11) |
The market value of Evolent Health is measured differently than its book value, which is the value of Evolent that is recorded on the company's balance sheet. Investors also form their own opinion of Evolent Health's value that differs from its market value or its book value, called intrinsic value, which is Evolent Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Evolent Health's market value can be influenced by many factors that don't directly affect Evolent Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Evolent Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evolent Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evolent Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.