Evolv Technologies Holdings Inc (NASDAQ: EVLV)’s stock price has soared by 4.72 in relation to previous closing price of 3.60. Nevertheless, the company has seen a loss of -7.14% in its stock price over the last five trading days. zacks.com reported 2024-09-03 that IDR, EVLV and SBSI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 3, 2024.
Is It Worth Investing in Evolv Technologies Holdings Inc (NASDAQ: EVLV) Right Now?
The 36-month beta value for EVLV is at 1.26. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for EVLV is 107.39M, and currently, shorts hold a 12.56% of that float. The average trading volume for EVLV on September 04, 2024 was 1.51M shares.
EVLV’s Market Performance
The stock of Evolv Technologies Holdings Inc (EVLV) has seen a -7.14% decrease in the past week, with a 21.22% rise in the past month, and a 45.00% gain in the past quarter. The volatility ratio for the week is 6.81%, and the volatility levels for the past 30 days are at 8.24% for EVLV. The simple moving average for the past 20 days is 7.76% for EVLV’s stock, with a -0.26% simple moving average for the past 200 days.
Analysts’ Opinion of EVLV
Many brokerage firms have already submitted their reports for EVLV stocks, with Craig Hallum repeating the rating for EVLV by listing it as a “Buy.” The predicted price for EVLV in the upcoming period, according to Craig Hallum is $5.75 based on the research report published on May 20, 2024 of the current year 2024.
Lake Street, on the other hand, stated in their research note that they expect to see EVLV reach a price target of $3.50, previously predicting the price at $6. The rating they have provided for EVLV stocks is “Hold” according to the report published on May 10th, 2024.
Lake Street gave a rating of “Buy” to EVLV, setting the target price at $6 in the report published on November 21st of the previous year.
EVLV Trading at 18.77% 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 -46.83% of loss for the given period.
Volatility was left at 8.24%, however, over the last 30 days, the volatility rate increased by 6.81%, as shares surge +20.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +54.08% upper at present.
During the last 5 trading sessions, EVLV fell by -7.02%, which changed the moving average for the period of 200-days by -4.19% in comparison to the 20-day moving average, which settled at $3.53. In addition, Evolv Technologies Holdings Inc saw -20.13% 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 Glat Neil, who purchase 8,333 shares at the price of $3.00 back on Aug 14 ’24. After this action, Glat Neil now owns 162,355 shares of Evolv Technologies Holdings Inc, valued at $24,999 using the latest closing price.
Gonzales David Mounts, the Director of Evolv Technologies Holdings Inc, purchase 50,000 shares at $3.00 during a trade that took place back on Aug 13 ’24, which means that Gonzales David Mounts is holding 120,544 shares at $150,000 based on the most recent closing price.
Stock Fundamentals for EVLV
Current profitability levels for the company are sitting at:
- -0.97 for the present operating margin
- 0.54 for the gross margin
The net margin for Evolv Technologies Holdings Inc stands at -0.21. The total capital return value is set at -0.46. Equity return is now at value -12.83, with -6.62 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 -16.92. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 66.32.
Currently, EBITDA for the company is -78.01 million with net debt to EBITDA at 0.48. When we switch over and look at the enterprise to sales, we see a ratio of 6.43. The receivables turnover for the company is 2.34for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.74.
Conclusion
In conclusion, Evolv Technologies Holdings Inc (EVLV) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
