Evolv Technologies Holdings Inc (NASDAQ: EVLV) Fell -11.59% From Highs, What Does The Future Hold?

Evolv Technologies Holdings Inc (NASDAQ:EVLV)’s traded shares stood at 3.77 million during the last session, with the company’s beta value hitting 1.67. At the close of trading, the stock’s price was $5.52, to imply an increase of 1.10% or $0.06 in intraday trading. The EVLV share’s 52-week high remains $6.16, putting it -11.59% down since that peak but still an impressive 63.04% since price per share fell to its 52-week low of $2.04.

Analysts have given a consensus recommendation of Buy for Evolv Technologies Holdings Inc (EVLV), translating to a mean rating of 1.50. 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. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.04.

Evolv Technologies Holdings Inc (NASDAQ:EVLV) trade information

After registering a 1.10% 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 3.56%, and 25.45% over 30 days. With these gigs, the year-to-date price performance is 39.75%.

The extremes give us $2.75 and $8 for target low and target high price respectively. As such, EVLV has been trading -44.93% off suggested target high and 50.18% from its likely low.

Evolv Technologies Holdings Inc (EVLV) estimates and forecasts

The rating firms project that company’s revenue will grow 23.98% compared to the previous financial year.

Revenue forecast for the current quarter as set by 4 analysts is 30.95M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 32.29M.Earnings reports from the last fiscal year show that sales brought in 25.54M and 27.36M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 21.16% before jumping 18.02% in the following quarter.

EVLV Dividends

Evolv Technologies Holdings Inc has its next earnings report out in July. 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.

The next major institution holding the largest number of shares is DATA COLLECTIVE IV GP, LLC with 9.68 million shares, or about 6.1872% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $24.69 million.

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