The stock of Evolv Technologies Holdings Inc. (NASDAQ:EVLV) decreased by -$0.11 on Tuesday to finish at $5.51, down -1.96 percent. The last five days have seen an average of 1,681,960 shares of common stock traded. 24 times new highs were reached in the current year, with a gain of $2.92. The average number of shares traded over the last 20 days was 1,107,625, while the average volume over the last 50 days totaled 1,461,256.
EVLV stock dropped -18.01% since last month. On 09/19/23, the company’s shares reached a one-month low of $5.33. The stock touched a high of $8.30 on 08/14/23, after rallying from a low of $1.98 in 52 weeks. The price of EVLV stock has risen by 112.74% or $2.92 this year, reaching a new high 24 times. Still, the stock price is down -33.61% from the 52-week high.
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Insider Transactions
EVLV stock investors should be aware that Evolv Technologies Holdings Inc. (EVLV) stock had its last reported insider trading activity 2 days ago on Sep 18. On Sep 18, Founder & Chief Innovation Ofc Ellenbogen Michael sold 83,334 shares at $5.63 each. This transaction resulted in the insider making $469,170. On Sep 15, DeRosa Anthony John sold 10,000 shares at a price of US$5.78. After the transaction, the insider now owns 38,832 shares. Chief Revenue Officer DeRosa Anthony John had earlier sold 10,000 shares on Sep 01 for $6.99 a share. The transaction was completed for $69,900.
Valuation Metrics
Beta for the stock is 1.31. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 11.01, the price-to-book (PB) ratio of 5.68.
Financial Health
For the three months ended June 29, Evolv Technologies Holdings Inc.’s quick ratio was 3.10, while its current ratio was 3.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 16.40% percent. Based on annual data, it had gross profit of $1.73 million and revenue of $55.2 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EVLV’s return on assets (ROA) during the last 12 months has been -44.20%. There was a -40.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -69.10%.
Earnings Surprise
According to Evolv Technologies Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $19.83 million, while revenues rose by 54.26% to $18.58 million. It was predicted that Evolv Technologies Holdings Inc.’s quarterly earnings would be -$0.1, but it ended up being -$0.11, beating the consensus by 9.10%. EBITDA was -$21.35 million for the quarter. At the end of Evolv Technologies Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 163.81 million, while its total debt was $1.49 million. Equity owned by shareholders amounts to $150.0 million.
Technical Picture
Here’s a quick look at Evolv Technologies Holdings Inc.’s (EVLV) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 24.05%, suggesting the stock is oversold, with a 40.98% historical volatility rate.
The stochastic %K and %D were 6.65% and 8.08% respectively, while the average true range (ATR) was 0.35. Based on the 14-day stochastic reading of 10.23%, the RSI (14) reading is 33.24%. On the 9-day MACD Oscillator, the stock is at -0.53, and the 14-day reading is at -0.78.
Analyst Ratings
In its analyst report released on April 28, 2023, Craig Hallum began covering Evolv Technologies Holdings Inc. (NASDAQ: EVLV). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Evolv Technologies Holdings Inc. (EVLV) an Overweight rating. EVLV is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is EVLV’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.00 and $10.00, with a median target price of $8.50. In analyzing these forecasts, the average price target given by analysts for Evolv Technologies Holdings Inc. (EVLV) is $7.93.
