Evolv Technologies Holdings Inc (NASDAQ: EVLV) has seen a decline in its stock price by -0.52 in relation to its previous close of 3.86. However, the company has experienced a -1.79% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-09 that Evolv Technologies Holdings, Inc. (EVLV) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.12 per share a year ago.
Is It Worth Investing in Evolv Technologies Holdings Inc (NASDAQ: EVLV) Right Now?
EVLV has 36-month beta value of 1.36. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for EVLV is 115.06M, and currently, short sellers hold a 7.45% ratio of that float. The average trading volume of EVLV on May 10, 2024 was 1.67M shares.
EVLV’s Market Performance
The stock of Evolv Technologies Holdings Inc (EVLV) has seen a -1.79% decrease in the past week, with a -10.90% drop in the past month, and a -24.26% fall in the past quarter. The volatility ratio for the week is 4.67%, and the volatility levels for the past 30 days are at 5.20% for EVLV. The simple moving average for the past 20 days is -3.34% for EVLV’s stock, with a -18.99% simple moving average for the past 200 days.
Analysts’ Opinion of EVLV
Many brokerage firms have already submitted their reports for EVLV stocks, with Lake Street repeating the rating for EVLV by listing it as a “Buy.” The predicted price for EVLV in the upcoming period, according to Lake Street is $6 based on the research report published on November 21, 2023 of the previous year 2023.
Craig Hallum, on the other hand, stated in their research note that they expect to see EVLV reach a price target of $6. The rating they have provided for EVLV stocks is “Buy” according to the report published on April 28th, 2023.
Cantor Fitzgerald gave a rating of “Overweight” to EVLV, setting the target price at $5.40 in the report published on February 08th of the previous year.
EVLV Trading at -4.27% from the 50-Day Moving Average
After a stumble in the market that brought EVLV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -53.73% of loss for the given period.
Volatility was left at 5.20%, however, over the last 30 days, the volatility rate increased by 4.67%, as shares sank -11.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.52% lower at present.
During the last 5 trading sessions, EVLV fell by -1.79%, which changed the moving average for the period of 200-days by -36.42% in comparison to the 20-day moving average, which settled at $3.95. In addition, Evolv Technologies Holdings Inc saw -18.64% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EVLV starting from Chitkara Anil, who sale 50,000 shares at the price of $5.00 back on Apr 01 ’24. After this action, Chitkara Anil now owns 1,200,157 shares of Evolv Technologies Holdings Inc, valued at $250,000 using the latest closing price.
Gonzales David Mounts, the Director of Evolv Technologies Holdings Inc, purchase 50,000 shares at $3.86 during a trade that took place back on Mar 06 ’24, which means that Gonzales David Mounts is holding 50,000 shares at $193,000 based on the most recent closing price.
Stock Fundamentals for EVLV
Current profitability levels for the company are sitting at:
- -1.1 for the present operating margin
- 0.42 for the gross margin
The net margin for Evolv Technologies Holdings Inc stands at -1.39. The total capital return value is set at -0.41. Equity return is now at value -56.93, with -32.85 for asset returns.
Based on Evolv Technologies Holdings Inc (EVLV), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -7.05. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -134.75.
Currently, EBITDA for the company is -78.01 million with net debt to EBITDA at 0.86. When we switch over and look at the enterprise to sales, we see a ratio of 6.61. The receivables turnover for the company is 3.06for trailing twelve months and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.14.
Conclusion
To put it simply, Evolv Technologies Holdings Inc (EVLV) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
