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Evolv Technologies Holdings Inc. (NASDAQ:EVLV) Has Recovered 146.55% To Date, But An Additional -45.1% Is Possible.

In last trading session, Evolv Technologies Holdings Inc. (NASDAQ:EVLV) saw 1.68 million shares changing hands with its beta currently measuring 1.29. Company’s recent per share price level of $5.72 trading at -$0.06 or -0.95% at ring of the bell on the day assigns it a market valuation of $839.12M. That closing price of EVLV’s stock is at a discount of -45.1% from its 52-week high price of $8.30 and is indicating a premium of 65.38% from its 52-week low price of $1.98. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.09 million shares which gives us an average trading volume of 1.43 million if we extend that period to 3-months.

For Evolv Technologies Holdings Inc. (EVLV), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.20. Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.09 in the current quarter.

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Evolv Technologies Holdings Inc. (NASDAQ:EVLV) trade information

Upright in the red during last session for losing -0.95%, in the last five days EVLV remained trading in the red while hitting it’s week-highest on Monday, 09/11/23 when the stock touched $5.72 price level, adding 18.75% to its value on the day. Evolv Technologies Holdings Inc.’s shares saw a change of 120.85% in year-to-date performance and have moved -16.01% in past 5-day. Evolv Technologies Holdings Inc. (NASDAQ:EVLV) showed a performance of -18.05% in past 30-days. Number of shares sold short was 6.48 million shares which calculate 3.81 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $7.93 to the stock, which implies a rise of 27.87% to its current value. Analysts have been projecting $5.00 as a low price target for the stock while placing it at a high target of $10.00. It follows that stock’s current price would drop -74.83% in reaching the projected high whereas dropping to the targeted low would mean a gain of 12.59% for stock’s current value.

Evolv Technologies Holdings Inc. (EVLV) estimates and forecasts

Statistics highlight that Evolv Technologies Holdings Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 115.85% of value to its shares in past 6 months, showing an annual growth rate of 18.00% while that of industry is 7.90. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 30.80% in the current quarter and calculating 25.00% increase in the next quarter. This year revenue growth is estimated to rise 33.60% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $16.86 million for the same. And 5 analysts are in estimates of company making revenue of $18.23 million in the next quarter that will end on Dec 2023. Company posted $16.53 million and $20.89 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 2.00% while estimating it to be -12.70% for the next quarter.

EVLV Dividends

Evolv Technologies Holdings Inc. is more likely to be releasing its next quarterly report between November 07 and November 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Evolv Technologies Holdings Inc. (NASDAQ:EVLV)’s Major holders

Insiders are in possession of 18.18% of company’s total shares while institution are holding 52.40 percent of that, with stock having share float percentage of 64.04%. Investors also watch the number of corporate investors in a company very closely, which is 52.40% institutions for Evolv Technologies Holdings Inc. that are currently holding shares of the company. General Catalyst Group Management, LLC is the top institutional holder at EVLV for having 10.8 million shares of worth $61.75 million. And as of Jun 29, 2023, it was holding 7.20% of the company’s outstanding shares.

The second largest institutional holder is Data Collective IV GP, LLC, which was holding about 10.6 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 7.07% of outstanding shares, having a total worth of $60.64 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 2.97 million shares of worth $17.01 million or 1.98% of the total outstanding shares. The later fund manager was in possession of 2.52 million shares on Jul 30, 2023, making its stake of worth around $14.39 million in the company or a holder of 1.68% of company’s stock.

On Key

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