Watch for Continued Gains in Shares of Evolent Health Inc Class A (EVH)
September 09, 2022 at 10:31 AM EDT
Evolent Health Inc Class A (NYSE:EVH) traded today at a new 52-week high of $39.59. This new high was reached on below average trading volume as 130,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.
Evolent Health Inc Class A share prices have moved between a 52-week high of $39.59 and a 52-week low of $21.36 and are now trading 83% above that low price at $39.12 per share.
Evolent Health Inc is engaged in healthcare delivery and payment. The company supports health systems and physician organizations in their migration toward value-based care and population health management. The company’s reportable segments are Service segment which includes value-based care services, specialty care management services and comprehensive health plan administration services. and True Health segment consists of a commercial health plan it operates in New Mexico that focuses on small and large businesses. It generates a majority of its revenue from the Service segment.
There is potential upside of 29.1% for shares of Evolent Health Inc Class A based on a current price of $39.12 and an average consensus analyst price target of $50.49.
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