During the last session, Evolv Technologies Holdings Inc (NASDAQ:EVLV)’s traded shares were 1.69 million, with the beta value of the company hitting 1.39. At the end of the trading day, the stock’s price was $2.62, reflecting an intraday loss of -4.03% or -$0.11. The 52-week high for the EVLV share is $5.73, that puts it down -118.7 from that peak though still a striking 23.28% gain since the share price plummeted to a 52-week low of $2.01. The company’s market capitalization is $412.78M, and the average intraday trading volume over the past 10 days was 2.53 million shares, and the average trade volume was 2.20 million shares over the past three months.
Evolv Technologies Holdings Inc (EVLV) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.33. EVLV has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.06.
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Evolv Technologies Holdings Inc (NASDAQ:EVLV) trade information
Evolv Technologies Holdings Inc (EVLV) registered a -4.03% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -4.03% in intraday trading to $2.62, hitting a weekly high. The stock’s 5-day price performance is 4.38%, and it has moved by -41.26% in 30 days. Based on these gigs, the overall price performance for the year is -37.32%. The short interest in Evolv Technologies Holdings Inc (NASDAQ:EVLV) is 13.69 million shares and it means that shorts have 4.87 day(s) to cover.
The consensus price target of analysts on Wall Street is $5.4, which implies an increase of 51.48% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.75 and $8 respectively. As a result, EVLV is trading at a discount of -205.34% off the target high and -4.96% off the low.
Evolv Technologies Holdings Inc (EVLV) estimates and forecasts
Statistics show that Evolv Technologies Holdings Inc has outperformed its competitors in share price, compared to the industry in which it operates. Evolv Technologies Holdings Inc (EVLV) shares have gone down -5.07% during the last six months, with a year-to-date growth rate more than the industry average at 63.38% against 12.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 18.75% this quarter and then jump 21.43% in the quarter after that. In the rating firms’ projections, revenue will increase 26.16% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 26.42M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 27.81M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 20.19M and 21.82M respectively. In this case, analysts expect current quarter sales to grow by 30.84% and then jump by 27.45% in the coming quarter.
While earnings are projected to return 25.93% in 2024.
EVLV Dividends
Evolv Technologies Holdings Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Evolv Technologies Holdings Inc (NASDAQ:EVLV)’s Major holders
Evolv Technologies Holdings Inc insiders own 17.08% of total outstanding shares while institutional holders control 61.48%, with the float percentage being 74.14%. GENERAL CATALYST GROUP MANAGEMENT, LLC is the largest shareholder of the company, while 237.0 institutions own stock in it. As of 2024-06-30, the company held over 10.8 million shares (or 7.0528% of all shares), a total value of $27.53 million in shares.
The next largest institutional holding, with 9.68 million shares, is of DATA COLLECTIVE IV GP, LLC’s that is approximately 6.3245% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $24.69 million.
