EVH
Evolent Health, Inc. Healthcare - Health Information Services Investor Relations →
Evolent Health, Inc. (EVH) closed at $2.85 as of 2026-02-02, trading 87.4% below its 200-week moving average of $22.60. This places EVH in the extreme value zone. The stock is currently moving closer to the line, down from -85.9% last week. With a 14-week RSI of 15, EVH is in oversold territory.
Over the past 509 weeks of data, EVH has crossed below its 200-week moving average 7 times. On average, these episodes lasted 33 weeks. The average one-year return after crossing below was -12.0%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $331 million, EVH is a small-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at -12.4%. The stock trades at 0.4x book value.
Share count has increased 28.9% over three years, indicating dilution.
Over the past 9.8 years, a hypothetical investment of $100 in EVH would have grown to $18, compared to $386 for the S&P 500. EVH has returned -15.8% annualized vs 14.7% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: EVH vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After EVH Crosses Below the Line?
Across 7 historical episodes, buying EVH when it crossed below its 200-week moving average produced an average return of -18.7% after 12 months (median -42.0%), compared to +20.1% for the S&P 500 over the same periods. 29% of those episodes were profitable after one year. After 24 months, the average return was -3.8% vs +34.2% for the index.
Each line shows $100 invested at the moment EVH crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
EVH has crossed below its 200-week MA 7 times with an average 1-year return of +-12.0% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| May 2016 | May 2016 | 2 | 13.5% | +96.6% | -77.7% |
| Dec 2016 | Jan 2017 | 5 | 12.9% | -21.0% | -82.6% |
| Aug 2017 | May 2018 | 39 | 39.0% | +19.3% | -84.5% |
| Dec 2018 | Dec 2018 | 1 | 3.4% | -57.9% | -84.1% |
| Jan 2019 | Nov 2020 | 98 | 71.5% | -45.7% | -84.4% |
| May 2024 | Aug 2024 | 14 | 27.8% | -63.0% | -88.3% |
| Sep 2024 | Ongoing | 71+ | 87.4% | Ongoing | -89.2% |
| Average | 33 | — | +-12.0% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02