Evolv Technologies Holdings Inc (EVLV): Not A Time To Panic Nor Freeze

Evolv Technologies Holdings Inc (EVLV) concluded trading on Thursday ata closing price of $3.60, with 3.13 million shares of worth about $11.28 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -31.43% during that period and on August 15, 2024 the price saw a gain of about 18.03%. Currently the company’s common shares owned by public are about 151.31M shares, out of which, 107.44M shares are available for trading.

Stock saw a price change of 18.81% in past 5 days and over the past one month there was a price change of 3.75%. Year-to-date (YTD), EVLV shares are showing a performance of -23.73% which decreased to -53.67% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.01 but also hit the highest price of $8.05 during that period. The average intraday trading volume for Evolv Technologies Holdings Inc shares is 1.42 million. The stock is currently trading 11.67% above its 20-day simple moving average (SMA20), while that difference is up 27.79% for SMA50 and it goes to -5.23% lower than SMA200.

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Evolv Technologies Holdings Inc (NASDAQ: EVLV) currently have 151.31M outstanding shares and institutions hold larger chunk of about 39.08% of that.

The stock has a current market capitalization of $567.18M and its 3Y-monthly beta is at 1.25. It has posted earnings per share of -$0.13 in the same period. It has Quick Ratio of 1.50 while making debt-to-equity ratio of 0.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EVLV, volatility over the week remained 10.45% while standing at 8.67% over the month.

Stock’s fiscal year EPS is expected to rise by 27.08% while it is estimated to increase by 37.14% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Craig Hallum on May 20, 2024 offering a Buy rating for the stock and assigned a target price range of between $8.50 and $5.75 to it. Coverage by Lake Street stated Evolv Technologies Holdings Inc (EVLV) stock as a Hold in their note to investors on May 10, 2024, suggesting a price target of $3.50 for the stock. On November 21, 2023, Lake Street Initiated their recommendations, while on April 28, 2023, Craig Hallum Initiated their ratings for the stock with a price target of $6. Stock get an Overweight rating from Cantor Fitzgerald on February 08, 2023.

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