Weak Fundamental Momentum Sinks Evolv Technologies Holdings Inc

Evolv Technologies Holdings Inc (NASDAQ:EVLV) has a beta value of 1.23 and has seen 1.49 million shares traded in the last trading session. The company, currently valued at $540.07M, closed the last trade at $3.46 per share which meant it gained $0.3 on the day or 9.49% during that session. The EVLV stock price is -139.88% off its 52-week high price of $8.30 and 41.91% above the 52-week low of $2.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.85 million shares traded. The 3-month trading volume is 1.61 million shares.

The consensus among analysts is that Evolv Technologies Holdings Inc (EVLV) is Buy stock at the moment, with a recommendation rating of 1.67. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.

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Evolv Technologies Holdings Inc (NASDAQ:EVLV) trade information

Sporting 9.49% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the EVLV stock price touched $3.46 or saw a rise of 4.16%. Year-to-date, Evolv Technologies Holdings Inc shares have moved -26.69%, while the 5-day performance has seen it change 10.19%. Over the past 30 days, the shares of Evolv Technologies Holdings Inc (NASDAQ:EVLV) have changed 60.19%. Short interest in the company has seen 11.14 million shares shorted with days to cover at 8.23.

Wall Street analysts have a consensus price target for the stock at $6.7, which means that the shares’ value could jump 48.36% from current levels. The projected low price target is $5.4 while the price target rests at a high of $8. In that case, then, we find that the current price level is -131.21% off the targeted high while a plunge would see the stock gain -56.07% from current levels.

Evolv Technologies Holdings Inc (EVLV) estimates and forecasts

Figures show that Evolv Technologies Holdings Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -21.36% over the past 6 months, with this year growth rate of 47.89%, compared to 9.50% for the industry.

EVLV Dividends

Evolv Technologies Holdings Inc is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

The top two institutional holders are GENERAL CATALYST GROUP MANAGEMENT, LLC with over 10.8 million shares worth more than $48.04 million. As of 2024-03-31, GENERAL CATALYST GROUP MANAGEMENT, LLC held 7.2376% of shares outstanding.

The other major institutional holder is DATA COLLECTIVE IV GP, LLC, with the holding of over 9.68 million shares as of 2024-03-31. The firm’s total holdings are worth over $43.08 million and represent 6.4902% of shares outstanding.