In the last trading session, 3.82 million shares of the Evolv Technologies Holdings Inc (NASDAQ:EVLV) were traded, and its beta was 1.32. Most recently the company’s share price was $5.05, and it changed around -$0.06 or -1.08% from the last close, which brings the market valuation of the company to $769.27M. EVLV currently trades at a discount to its 52-week high of $8.30, offering almost -64.36% off that amount. The share price’s 52-week low was $2.80, which indicates that the current value has risen by an impressive 44.55% since then. We note from Evolv Technologies Holdings Inc’s average daily trading volume that its 10-day average is 2.85 million shares, with the 3-month average coming to 1.50 million.
Evolv Technologies Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.33. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended EVLV as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Evolv Technologies Holdings Inc is expected to report earnings per share of -$0.07 for the current quarter.
Evolv Technologies Holdings Inc (NASDAQ:EVLV) trade information
Instantly EVLV has showed a red trend with a performance of -1.08% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 7.10% year-to-date, but still up 40.81% over the last five days. On the other hand, Evolv Technologies Holdings Inc (NASDAQ:EVLV) is 27.33% up in the 30-day period. We can see from the shorts that 8.62 million shares have been sold at a short interest cover period of 4.73 day(s).
The consensus price target as assigned by Wall Street analysts is $6.7, which translates to bulls needing to increase their stock price by 24.63% from its current value. Analyst projections state that EVLV is forecast to be at a low of $5.4 and a high of $8.
Evolv Technologies Holdings Inc (EVLV) estimates and forecasts
Evolv Technologies Holdings Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 4.01 percent over the past six months and at a 32.39% annual growth rate that is well above the industry average of 6.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 41.70% in revenue this quarter, and will report an increase of 40.00% in the next quarter. The year-over-year growth rate is expected to be 42.50%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of $23 million in revenue for the current quarter. 5 analysts expect Evolv Technologies Holdings Inc to make $26.64 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $18.58 million and $19.82 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 23.80%. Forecasts for the next quarter put sales growth at 34.40%.
EVLV Dividends
Evolv Technologies Holdings Inc’s next quarterly earnings report is expected to be released around May 08 and May 13.
Evolv Technologies Holdings Inc (NASDAQ:EVLV)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 17.84% of Evolv Technologies Holdings Inc shares, and 53.49% of them are in the hands of institutional investors. The stock currently has a share float of 65.10%. Evolv Technologies Holdings Inc stock is held by 236 institutions, with General Catalyst Group Management, LLC being the largest institutional investor. By Jun 29, 2023, it held 7.20% of the shares, which is about 10.8 million shares worth $64.78 million.
Data Collective IV GP, LLC, with 7.07% or 10.6 million shares worth $63.61 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Jun 29, 2023. The former held 2.97 million shares worth $17.85 million, making up 1.98% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 2.57 million shares worth around $17.99 million, which represents about 1.72% of the total shares outstanding.
