Evolv Technologies Holdings Inc (NASDAQ:EVLV) shares, rose in value, with the stock price down by -0.85% to the previous day’s close as strong demand from buyers drove the stock to $2.34.
Actively observing the price movement in the last trading, the stock closed the session at $2.36, falling within a range of $2.17 and $2.39. The value of beta (5-year monthly) was 1.247. Referring to stock’s 52-week performance, its high was $5.73, and the low was $2.01. On the whole, EVLV has fluctuated by -38.74% over the past month.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
With the market capitalization of Evolv Technologies Holdings Inc currently standing at about $368.67 million, investors are eagerly awaiting this quarter’s results, scheduled for in November.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 101.41M, with a low estimate of 25.6M and a high estimate of 27.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 26.33M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EVLV’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of EVLV currently trading nearly -37.32% and -39.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 23.90, while the 7-day volatility ratio is showing 13.18% which for the 30-day chart, stands at 8.09%. Furthermore, Evolv Technologies Holdings Inc (EVLV)’s beta value is 1.25, and its average true range (ATR) is 0.35.
A comparison of Evolv Technologies Holdings Inc (EVLV) with its peers suggests the former has fared considerably weaker in the market. EVLV showed an intraday change of -0.85% in last session, and over the past year, it shrunk by -43.61%%.
Data on historical trading for Evolv Technologies Holdings Inc (NASDAQ:EVLV) indicates that the trading volumes over the past 10 days have averaged 4.6 and over the past 3 months, they’ve averaged 1.87 million. According to company’s latest data on outstanding shares, there are 151.31 million shares outstanding.
Nearly 31.54% of Evolv Technologies Holdings Inc’s shares belong to company insiders and institutional investors own 40.11% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.32 million shares as on 2024-10-15, resulting in a short ratio of 10.92. According to the data, the short interest in Evolv Technologies Holdings Inc (EVLV) stood at 1090.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 14.59 million. The stock has fallen by -50.42% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EVLV stock heading into the next quarter.
