Evolv Technologies Holdings Inc. (NASDAQ:EVLV) currently has a daily average trading volume of 1.03M but it saw 1850343 shares traded on Thursday. With a market cap of 846.27M USD, stock’s current market price of $5.61 came falling about -2.94 while comparing to the previous closing price of $5.78. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.03 and as low as $1.98. In the recent trading on the day, stock has struck highest price mark of $5.95 while lowest mark touched by it was $5.50.
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Taking a look at 20-day trading activity of Evolv Technologies Holdings Inc. (EVLV) gives us an average price of $4.71, while its current price level is -7.04% below from 52-week high level whereas it is 183.33% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.68 while that of 200 days or SMA-200 reads an average of $3.03. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.27% during that period while stretching the period over a month that increases to 8.29%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 70.44 which implies that the stock is in overbought territory.
Evolv Technologies Holdings Inc. (EVLV)’s stock is currently under the radar of 6 analysts who are in consensus at a 12-month price target range of between $2.00 and $7.10 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $2.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $7.10. Average price target assigned by them is $5.68 which highlights an upside potential of 1.23% for the stock over that period. And to attain the median price target of $7.00 assigned by those analysts, stock has to add about 19.86% of value to its current levels.
Data by FactSet Research shows that 6 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 4 analysts suggested the investors to Buy the stock while 2 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Year-to-date it is 116.60% up and over the past year, the stock is showing an upside performance of 157.34%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.12 beat the consensus estimate of -$0.15 for the same. For EVLV, analysts are forecasting an EPS-growth rate of 18.00% for current year and estimate for EPS growth in next year is 43.90%. In next quarter, company is expected to be making quarterly sales of $15.06 million as analysts are expecting the sales for current fiscal year at $64.84 million and seeing the company making $98.81 million in sales next year. Moreover, analysts are in estimates of $14.13 million for current-quarter revenue.
Currently, Evolv Technologies Holdings Inc.’s total number of outstanding shares is 146.43M with 27.14% of that held by the insiders while 50.04% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -40.00% and return on equity (ROE) at -43.10%. Stock has a price to book (P/B) ratio of 4.04 while price to sale or P/S ratio amounts to 13.00. Its return on asset (ROA) is -30.90% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Russell 2000 ETF came shrinking its share ownership by -1.44% in the Evolv Technologies Holdings Inc. (EVLV) decreasing its stake to 1.19% with control over 25840.0 shares in the company.
