Evolv Technologies Holdings Inc (NASDAQ:EVLV) price on Thursday, January 16, fall -1.29% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.07.
A look at the stock’s price movement, the close in the last trading session was $3.11, moving within a range at $3.07 and $3.16. The beta value (5-Year monthly) was 1.336. Turning to its 52-week performance, $5.73 and $2.01 were the 52-week high and 52-week low respectively. Overall, EVLV moved -18.13% over the past month.
Evolv Technologies Holdings Inc’s market cap currently stands at around $483.68 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 26.42M for the company’s revenue for the quarter, with a low and high estimate of 25.6M and 27.1M respectively. The average forecast suggests up to a 30.84% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 101.46M, representing a 26.16% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EVLV is a Hold. On the other hand, the stock is on average a 25% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend EVLV as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
EVLV’s current price about -14.76% and -10.47% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.98, while 7-day volatility ratio is 5.29% and 7.24% in the 30-day chart. Further, Evolv Technologies Holdings Inc (EVLV) has a beta value of 1.66, and an average true range (ATR) of 0.26. Analysts have given the company’s stock an average 52-week price target of $2.75, forecast between a low of $2.75 and high of $2.75. Looking at the price targets, the low is 10.42% off current price level while to achieve the yearly target high, price needs to move 10.42%. Nonetheless, investors will most likely welcome a 10.42% jump to $2.75 which is the analysts’ median price.
If we refocus on Evolv Technologies Holdings Inc (NASDAQ:EVLV), historical trading data shows that trading volumes averaged 1.64 over the past 10 days and 2.51 million over the past 3 months. The company’s latest data on shares outstanding shows there are 157.47 million shares.
The 31.15% of Evolv Technologies Holdings Inc’s shares are in the hands of company insiders while institutional holders own 45.48% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 16.48 million on 2024-12-31, giving us a short ratio of 10.18. The data shows that as of 2024-12-31 short interest in Evolv Technologies Holdings Inc (EVLV) stood at 1254.0 of shares outstanding, with shares short rising to 14.91 million registered in 2024-11-29. Current price change has pushed the stock -22.28% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EVLV stock continues to rise going into the next quarter.
