Evolent Health Receives Outperform Rating from Royal Bank of Canada
EVH Stock | USD 7.21 0.15 2.04% |
Under 62% of Evolent Health's investor base is looking to short. The analysis of the overall investor sentiment regarding Evolent Health suggests that many traders are alarmed. Evolent Health's investing sentiment shows overall attitude of investors towards Evolent Health.
Royal Bank of Canada reissued their outperform rating on shares of Evolent Health in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a 20.00 price target on the technology companys stock. EVH has been the topic of a number of other reports. Truist Financial restated a buy
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Evolent Health Fundamental Analysis
We analyze Evolent Health's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Evolent Health using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Evolent Health based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Shares Outstanding
Shares Outstanding Comparative Analysis
Evolent Health is currently under evaluation in shares outstanding category among its peers. Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Evolent Health Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Evolent Health stock to make a market-neutral strategy. Peer analysis of Evolent Health could also be used in its relative valuation, which is a method of valuing Evolent Health by comparing valuation metrics with similar companies.
Peers
Evolent Health Related Equities
SLP | Simulations Plus | 1.72 | ||||
FORA | Forian | 0.98 | ||||
HCAT | Health Catalyst | 0.27 | ||||
DH | Definitive Healthcare | 0.32 | ||||
CERT | Certara | 0.52 | ||||
PRVA | Privia Health | 1.04 | ||||
HQY | HealthEquity | 1.07 | ||||
NRC | National Research | 1.45 |
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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