Evolv Technologies Holdings Inc (NASDAQ:EVLV) shares, rose in value on Thursday, March 27, with the stock price up by 2.58% to the previous day’s close as strong demand from buyers drove the stock to $3.18.
Actively observing the price movement in the last trading, the stock closed the session at $3.10, falling within a range of $2.96 and $3.2786. The value of beta (5-year monthly) was 1.676. Referring to stock’s 52-week performance, its high was $5.28, and the low was $2.01. On the whole, EVLV has fluctuated by -8.62% over the past month.
With the market capitalization of Evolv Technologies Holdings Inc currently standing at about $501.01 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Aug-07.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 101.61M, with a low estimate of 25.63M and a high estimate of 27.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 26.4M.
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 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of EVLV currently trading nearly 0.48% and -10.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.45, while the 7-day volatility ratio is showing 5.55% which for the 30-day chart, stands at 5.81%. Furthermore, Evolv Technologies Holdings Inc (EVLV)’s beta value is 1.69, and its average true range (ATR) is 0.19.
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 2.58% in last session, and over the past year, it shrunk by -11.42%%.
Data on historical trading for Evolv Technologies Holdings Inc (NASDAQ:EVLV) indicates that the trading volumes over the past 10 days have averaged 0.82 and over the past 3 months, they’ve averaged 1.31 million. According to company’s latest data on outstanding shares, there are 157.47 million shares outstanding.
Nearly 31.31% of Evolv Technologies Holdings Inc’s shares belong to company insiders and institutional investors own 42.78% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.69 million shares as on 2025-03-14, resulting in a short ratio of 13.13. According to the data, the short interest in Evolv Technologies Holdings Inc (EVLV) stood at 1194.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 16.01 million. The stock has fallen by -19.49% 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.
