During the recent session, Evolv Technologies Holdings Inc (NASDAQ:EVLV)’s traded shares were 1.98 million, with the beta value of the company hitting 1.61. At the last check today, the stock’s price was $3.85, reflecting an intraday gain of 19.50% or $0.63. The 52-week high for the EVLV share is $5.73, that puts it down -48.83 from that peak though still a striking 47.79% gain since the share price plummeted to a 52-week low of $2.01. The company’s market capitalization is $606.22M, and the average intraday trading volume over the past 10 days was 1.47 million shares, and the average trade volume was 2.55 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.
Evolv Technologies Holdings Inc (NASDAQ:EVLV) trade information
Evolv Technologies Holdings Inc (EVLV) registered a 19.50% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 19.50% in intraday trading to $3.85, hitting a weekly high. The stock’s 5-day price performance is 23.72%, and it has moved by 10.57% in 30 days. Based on these gigs, the overall price performance for the year is -16.35%. The short interest in Evolv Technologies Holdings Inc (NASDAQ:EVLV) is 16.48 million shares and it means that shorts have 10.18 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.75, which implies a decrease of -40.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.75 and $2.75 respectively. As a result, EVLV is trading at a premium of 28.57% off the target high and 28.57% 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 up 8.69% during the last six months, with a year-to-date growth rate more than the industry average at 63.38% against 14.90. 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 25.00% in 2025.
EVLV Dividends
Evolv Technologies Holdings Inc is due to release its next quarterly earnings in February. 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 59.73%, with the float percentage being 72.03%. GENERAL CATALYST GROUP MANAGEMENT, LLC is the largest shareholder of the company, while 238.0 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.
Also, the Mutual Funds coming in first place with the largest holdings of Evolv Technologies Holdings Inc (EVLV) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 3.44 shares. This amounts to just over 2.19 percent of the company’s overall shares, with a $13.37 million market value. The same data shows that the other fund manager holds slightly less at 3.33, or about 2.11% of the stock, which is worth about $12.93 million.
