In the last trading session, 2.18 million Evolv Technologies Holdings Inc (NASDAQ:EVLV) shares changed hands as the company’s beta touched 1.38. With the company’s per share price at $2.62 changed hands at $0.08 or 3.15% during last session, the market valuation stood at $407.97M. EVLV’s last price was a discount, traded about -118.7% off its 52-week high of $5.73. The share price had its 52-week low at $2.01, which suggests the last value was 23.28% up since then. When we look at Evolv Technologies Holdings Inc’s average trading volume, we note the 10-day average is 4.05 million shares, with the 3-month average coming to 2.14 million.
Analysts gave the Evolv Technologies Holdings Inc (EVLV) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.33. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended EVLV as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Evolv Technologies Holdings Inc’s EPS for the current quarter is expected to be -0.06.
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Evolv Technologies Holdings Inc (NASDAQ:EVLV) trade information
Instantly EVLV was in green as seen at the end of in last trading. With action 16.44%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -44.49%, with the 5-day performance at 16.44% in the green. However, in the 30-day time frame, Evolv Technologies Holdings Inc (NASDAQ:EVLV) is -34.66% down. Looking at the short shares, we see there were 14.32 million shares sold at short interest cover period of 10.92 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5.4, meaning bulls need an upside of 51.48% from its current market value. According to analyst projections, EVLV’s forecast low is 2.75 with 8 as the target high. To hit the forecast high, the stock’s price needs a -205.34% plunge from its current level, while the stock would need to soar -4.96% for it to hit the projected low.
Evolv Technologies Holdings Inc (EVLV) estimates and forecasts
Data shows that the Evolv Technologies Holdings Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 8.71% over the past 6 months, a 63.38% in annual growth rate that is considerably higher than the industry average of 13.40%. Year-over-year growth is forecast to reach 26.30% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 26.33M. 5 analysts are of the opinion that Evolv Technologies Holdings Inc’s revenue for the current quarter will be 28.05M. The company’s revenue for the corresponding quarters a year ago was 20.19M and 21.82M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 30.40%. The estimates for the next quarter sales put growth at 28.50%.
The 2024 estimates are for Evolv Technologies Holdings Inc earnings to increase by 25.93%.
EVLV Dividends
Evolv Technologies Holdings Inc is expected to release its next quarterly earnings report in December.
Evolv Technologies Holdings Inc (NASDAQ:EVLV)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 17.08% of Evolv Technologies Holdings Inc shares while 60.56% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 73.04%. There are 60.56% institutions holding the Evolv Technologies Holdings Inc stock share, with GENERAL CATALYST GROUP MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 7.0528% of the shares, roughly 10.8 million EVLV shares worth $27.53 million.
DATA COLLECTIVE IV GP, LLC holds the second largest percentage of outstanding shares, with 6.3245% or 9.68 million shares worth $24.69 million as of 2024-06-30.
