Taking a Fresh Look at Envision Healthcare Corporation (EVHC)

Envision Healthcare Corporation (EVHC) is an interesting player in the Healthcare space, with a focus on Long-Term Care Facilities. The stock has been active on the tape, currently trading at $44.78, up from yesterday’s close by 0.43%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Envision Healthcare Corporation (EVHC) currently trades with a market capitalization of $5.44 Billion. That value represents a market adjusting for revenues that have been growing by 10.56 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $311.63 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.87 on a per share basis this quarter. Perhaps, that suggests something about why 1.48% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Envision Healthcare Corporation recorded a 52-week high of $64.00. It is now trading 19.22% off that level. The stock is trading $40.37 its 50-day moving average by -4.41%. The stock carved out a 52-week low down at $23.77.

In recent action, Envision Healthcare Corporation (EVHC) has made a move of +7.05% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.57, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 20.40% with $119.28 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of EVHC.

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