As of Friday close, Evolv Technologies Holdings Inc.’s (NASDAQ:EVLV) stock was down -$0.14, moving down -2.83 percent to $4.80. The average number of shares traded per day over the past five days has been 1,664,360 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.92 fall in that time frame. In the last twenty days, the average volume was 1,201,475, while in the previous 50 days, it was 1,491,476.
Since last month, EVLV stock retreated -26.27%. Shares of the company fell to $4.74 on 09/22/23, 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 85.33% or $2.21, and marked a new high 24 times. However, the stock has declined by -42.17% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
EVLV stock investors should be aware that Evolv Technologies Holdings Inc. (EVLV) stock had its last reported insider trading activity 5 days ago on Sep 18. Ellenbogen Michael, the Founder & Chief Innovation Ofc of the company, disposed of 83,334 shares for $5.63 on Sep 18. It resulted in a $469,170 divestment by the insider. DeRosa Anthony John sold 10,000 shares at an average price of $5.78 on Sep 15. The insider now owns 38,832 shares following the transaction. On Sep 01, Chief Revenue Officer DeRosa Anthony John sold 10,000 shares at $6.99 apiece. The transaction was valued at $69,900.
Valuation Metrics
The stock’s beta is 1.39. Besides these, the trailing price-to-sales (P/S) ratio of 9.59, the price-to-book (PB) ratio of 4.95.
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 17.95%, the RSI 9-day stood at 15.35% on 22 September.
With respect to its five-day moving average, the current Evolv Technologies Holdings Inc. price is down by -16.08% percent or -$0.92. At present, EVLV shares trade -22.95% below its 20-day simple moving average and +35.21% percent above its 100-day simple moving average. However, the stock is currently trading approximately -20.66% below its SMA50 and +34.08% above its SMA200.
Stochastic coefficient K was 4.42% and Stochastic coefficient D was 4.93%, while ATR was 0.34. Given the Stochastic reading of 2.55% for the 14-day period, the RSI (14) reading has been calculated as 25.33%. As of today, the MACD Oscillator reading stands at -0.56, while the 14-day reading stands at -1.00.
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.
