At the last check on Friday, Evolv Technologies Holdings Inc.’s (NASDAQ:EVLV) stock traded at $6.99. The average number of shares traded per day over the past five days has been 877,833 shares. 3 times new highs have been achieved over the past 5 days, with a $0.77 gain in that time frame. In the last twenty days, the average volume was 1,807,888, while in the previous 50 days, it was 1,492,375.
Since last month, EVLV stock rose 10.00%. Shares of the company fell to $5.80 on 08/10/23, the lowest level in the past month. A 52-week high of $8.30 was reached on 08/14/23 after having rallying from a 52-week low of $1.98. Since the beginning of this year, EVLV’s stock price has risen by 169.69% or $4.42, and marked a new high 24 times. However, the stock has declined by -15.84% since its 52-week high.
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EVLV stock investors should be aware that Evolv Technologies Holdings Inc. (EVLV) stock had its last reported insider trading activity 16 days ago on Aug 16. Ellenbogen Michael, the Founder & Chief Innovation Ofc of the company, disposed of 83,334 shares for $7.26 on Aug 16. It resulted in a $605,005 divestment by the insider. DeRosa Anthony John sold 10,000 shares at an average price of $7.72 on Aug 15. The insider now owns 38,832 shares following the transaction. On Aug 01, Chief Revenue Officer DeRosa Anthony John sold 10,000 shares at $6.44 apiece. The transaction was valued at $64,400.
Valuation Metrics
The stock’s beta is 1.27. Besides these, the trailing price-to-sales (P/S) ratio of 13.80, the price-to-book (PB) ratio of 7.20.
Financial Health
In the three months ended June 29, Evolv Technologies Holdings Inc.’s quick ratio stood at 3.10, while its current ratio was 3.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 16.40% percent. Based on annual data, EVLV earned $1.73 million in gross profit and brought in $55.2 million in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. EVLV’s revenue rose 54.26% to $18.58 million during the quarter, while net income inched up to $19.83 million. While analysts expected Evolv Technologies Holdings Inc. to report -$0.11 quarterly earnings, the actual figure was -$0.1 per share, beating the consensus estimate by 9.10%. During the quarter, the company generated -$21.35 million in EBITDA. The liabilities of Evolv Technologies Holdings Inc. were 163.81 million at the end of its most recent quarter ended June 29, and its total debt was $1.49 million. The value of shareholders’ equity is $150.0 million.
Technical Picture
This quick technical analysis looks at Evolv Technologies Holdings Inc.’s (EVLV) price momentum. With a historical volatility rate of 43.42%, the RSI 9-day stood at 61.86% on 31 August.
With respect to its five-day moving average, the current Evolv Technologies Holdings Inc. price is up by +12.34% percent or $0.77. At present, EVLV shares trade +11.09% above its 20-day simple moving average and +119.06% percent above its 100-day simple moving average. However, the stock is currently trading approximately +14.73% above its SMA50 and +100.29% above its SMA200.
Stochastic coefficient K was 36.31% and Stochastic coefficient D was 29.58%, while ATR was 0.39. Given the Stochastic reading of 46.67% for the 14-day period, the RSI (14) reading has been calculated as 58.34%. As of today, the MACD Oscillator reading stands at 0.33, while the 14-day reading stands at 0.20.
Analyst Ratings
Craig Hallum launched its rating on Evolv Technologies Holdings Inc. (NASDAQ: EVLV) to a Buy in a note to investors on April 28, 2023. Evolv Technologies Holdings Inc. (EVLV) has been rated Overweight by analysts. According to 0 brokerage firms, EVLV is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Evolv Technologies Holdings Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $8.50, the current consensus forecast for the stock is $5.00 – $10.00. Based on these forecasts, analysts predict Evolv Technologies Holdings Inc. (EVLV) will achieve an average price target of $7.93.
