Evolv Technologies Holdings Inc (NASDAQ:EVLV) price on Thursday, June 12, fall -6.16% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.18.
A look at the stock’s price movement, the close in the last trading session was $5.52. Turning to its 52-week performance, $6.16 and $2.04 were the 52-week high and 52-week low respectively. Overall, EVLV moved 16.93% over the past month.
Evolv Technologies Holdings Inc’s market cap currently stands at around $849.50 million, with investors looking forward to this quarter’s earnings report slated for in July.
Analysts have a consensus estimate of 30.95M for the company’s revenue for the quarter, with a low and high estimate of 29.25M and 32.5M respectively. The average forecast suggests up to a 21.16% 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 128.77M, representing a 23.98% 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 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy 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 -5.45% and 17.65% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.68, while 7-day volatility ratio is 3.39% and 6.98% in the 30-day chart. Further, Evolv Technologies Holdings Inc (EVLV) has a beta value of 1.68, and an average true range (ATR) of 0.31. Analysts have given the company’s stock an average 52-week price target of $5.4, forecast between a low of $2.75 and high of $8. Looking at the price targets, the low is 46.91% off current price level while to achieve the yearly target high, price needs to move -54.44%. Nonetheless, investors will most likely welcome a -4.25% jump to $5.4 which is the analysts’ median price.
If we refocus on Evolv Technologies Holdings Inc (NASDAQ:EVLV), historical trading data shows that trading volumes averaged 2.64 million over the past 3 months. The company’s latest data on shares outstanding shows there are 163.27 million shares.
The 31.50% of Evolv Technologies Holdings Inc’s shares are in the hands of company insiders while institutional holders own 43.03% of the company’s shares. Current price change has pushed the stock 31.14% 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.
