Now Is The Time To Build A Position In Evolv Technologies Holdings Inc (NASDAQ:EVLV)

Evolv Technologies Holdings Inc (NASDAQ:EVLV)’s traded shares stood at 2.31 million during the last session, with the company’s beta value hitting 1.66. At the close of trading, the stock’s price was $4.39, to imply an increase of 2.57% or $0.11 in intraday trading. The EVLV share’s 52-week high remains $5.73, putting it -30.52% down since that peak but still an impressive 54.21% since price per share fell to its 52-week low of $2.01. The company has a valuation of $691.64M, with an average of 2.61 million shares in intraday trading volume over the past 10 days and average of 2.36 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Evolv Technologies Holdings Inc (EVLV), translating to a mean rating of 2.33. Of 2 analyst(s) looking at the stock, 0 analyst(s) give EVLV a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy.

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Evolv Technologies Holdings Inc (NASDAQ:EVLV) trade information

After registering a 2.57% upside in the last session, Evolv Technologies Holdings Inc (EVLV) has traded red over the past five days. The 5-day price performance for the stock is 27.62%, and 95.11% over 30 days. With these gigs, the year-to-date price performance is -6.99%. Short interest in Evolv Technologies Holdings Inc (NASDAQ:EVLV) saw shorts transact 13.65 million shares and set a 3.93 days time to cover.

The extremes give us $2.75 and $2.75 for target low and target high price respectively. As such, EVLV has been trading 37.36% off suggested target high and 37.36% from its likely low.

Evolv Technologies Holdings Inc (EVLV) estimates and forecasts

Looking at statistics comparing Evolv Technologies Holdings Inc share performance against respective industry, we note that the company has outperformed competitors. Evolv Technologies Holdings Inc (EVLV) shares are 67.56% up over the last 6 months, with its year-to-date growth rate higher than industry average at 63.38% against 15.30%.

EVLV Dividends

Evolv Technologies Holdings Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

Evolv Technologies Holdings Inc insiders hold 17.08% of total outstanding shares, with institutional holders owning 61.52% of the shares at 74.19% float percentage. In total, 61.52% institutions holds shares in the company, led by GENERAL CATALYST GROUP MANAGEMENT, LLC. As of 2024-06-30, the company held over 10.8 million shares (or 7.0528% of shares), all amounting to roughly $27.53 million.

The next major institution holding the largest number of shares is DATA COLLECTIVE IV GP, LLC with 9.68 million shares, or about 6.3245% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $24.69 million.