Evolent Health Inc Class A (EVH) Soars 5.29%

Evolent Health Inc Class A (EVH) Soars 5.29%

Evolent Health Inc Class A (EVH) had a good day on the market for Tuesday October 15 as shares jumped 5.29% to close at $6.97. About 928,880 shares traded hands on 6,732 trades for the day, compared with an average daily volume of n/a shares out of a total float of 84.52 million. After opening the trading day at $6.60, shares of Evolent Health Inc Class A stayed within a range of $7.09 to $6.44.

With today’s gains, Evolent Health Inc Class A now has a market cap of $589.1 million. Shares of Evolent Health Inc Class A have been trading within a range of $26.96 and $5.50 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

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.

Evolent Health Inc Class A is based out of Arlington, VA and has some 3,800 employees. Its CEO is Frank J. Williams.

Evolent Health Inc Class A is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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