In today’s recent session, 0.73 million shares of the Evolv Technologies Holdings Inc (NASDAQ:EVLV) have been traded, and its beta is 1.25. Most recently the company’s share price was $4.11, and it changed around $0.04 or 0.97% from the last close, which brings the market valuation of the company to $647.47M. EVLV at last check was trading at a discount to its 52-week high of $7.09, offering almost -72.51% off that amount. The share price’s 52-week low was $2.01, which indicates that the recent value has risen by an impressive 51.09% since then. We note from Evolv Technologies Holdings Inc’s average daily trading volume that its 10-day average is 1.93 million shares, with the 3-month average coming to 1.48 million.
Evolv Technologies Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.67. 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 -0.06 for the current quarter.
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Evolv Technologies Holdings Inc (NASDAQ:EVLV) trade information
Instantly EVLV has been showing a green trend so far today with a performance of 0.97% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.30 on recent trading dayincreased the stock’s daily price by 4.42%. The company’s shares are currently down -12.93% year-to-date, but still up 16.42% over the last five days. On the other hand, Evolv Technologies Holdings Inc (NASDAQ:EVLV) is 15.11% up in the 30-day period. We can see from the shorts that 13.64 million shares have been sold at a short interest cover period of 9.57 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 38.66% 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 fallen -10.66 percent over the past six months and at a 63.38% annual growth rate that is well above the industry average of 12.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 25.00% in revenue this quarter, and will report an increase of 28.60% in the next quarter. The year-over-year growth rate is expected to be 26.10%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 26.34M in revenue for the current quarter. 5 analysts expect Evolv Technologies Holdings Inc to make 28.05M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 20.19M and 21.82M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 30.50%. Forecasts for the next quarter put sales growth at 28.50%.
EVLV Dividends
Evolv Technologies Holdings Inc’s next quarterly earnings report is expected to be released on 2024-Nov-07.
Evolv Technologies Holdings Inc (NASDAQ:EVLV)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 16.97% of Evolv Technologies Holdings Inc shares, and 53.56% of them are in the hands of institutional investors. The stock currently has a share float of 64.50%. Evolv Technologies Holdings Inc stock is held by 217.0 institutions, with GENERAL CATALYST GROUP MANAGEMENT, LLC being the largest institutional investor. By 2024-06-30, it held 7.0528% of the shares, which is about 10.8 million shares worth $27.53 million.
DATA COLLECTIVE IV GP, LLC, with 6.3245% or 9.68 million shares worth $24.69 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 3.16 shares worth $12.75 million, making up 2.00% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 2.98 shares worth around $12.03 million, which represents about 1.89% of the total shares outstanding.
