What Are You Thinking About Investing In Evolv Technologies Holdings Inc (NASDAQ: EVLV) Stock?

Evolv Technologies Holdings Inc (NASDAQ:EVLV) traded at $3.54 at close of the session on Tuesday, July 23, made an upward move of 2.31% on its previous day’s price.

Looking at the stock we see that its previous close was $3.46 . In terms of its 52-week price range, EVLV has a high of $8.30 and a low of $2.01. The company’s stock has gained about 58.04% over that past 30 days.

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Evolv Technologies Holdings Inc has a market cap of $552.56 million.

Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Evolv Technologies Holdings Inc (EVLV) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 28.80% off its SMA20 and 32.43% from its 50-day simple moving average. The RSI (14) is pointing at 69.42 while the volatility over the past week is 10.56% and jumps to 7.49% over the past one month. The beta value is 1.26, while the average true range (ATR) is currently pointing at 0.22. The average price target for the stock over the next 12 months is $6.7, with the estimates having a low of $5.4 and a high of $8. These price ends are -52.54% and -125.99% off the current price level respectively, although investors could be excited at the prospect of a -89.27% if the EVLV share price touches on the median price of $6.7.

Coming back to Evolv Technologies Holdings Inc (NASDAQ:EVLV), we note that the average 3-month trading volume was 1.62 million, while that of the preceding 10-day period stands at 1.89 million. Current shares outstanding are 151.31 million.

The insiders hold 31.80% of the company’s shares while institutions hold 39.10%. The data shows that short shares as of 2024-06-28, stood at 11.14 million at a short ratio of 8.23. This represents a 8.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.588.58 short interest in shares outstanding on 2024-06-28. Shares short rose in June from the previous month at 9.39 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -25.00% down in year-to-date price movement.

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