#3 - Evolv Technologies (NASDAQ:EVLV)
Investors looking for a different way to play the ongoing artificial intelligence (AI) revolution may want to consider Evolv Technologies Inc. (NASDAQ: EVLV). The company provides AI-based touchless security systems that are used in schools, stadiums, arenas, and more. The idea is to provide an orderly traffic flow while still allowing law enforcement to detect firearms, improvised explosive devices, and tactical knives.
At first glance, investors may notice that the company's revenue growth rate is slowing. But that’s due to a shift toward a subscription-based model. So far, the company has a high customer retention rate. Plus, Evolv just delivered its first profitable quarter on both a GAAP and non-GAAP basis.
Since that earnings report, EVLV stock is up 30%. However, it’s still down 44% in the last 12 months, which is in-line with analysts’ expectations for 46.6% growth in the stock price.
About Evolv Technologies
Evolv Technologies Holdings, Inc provides artificial intelligence (AI)-based weapons detection for security screening in the United States and internationally. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives; and Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics.
Read More - Current Price
- $4.29
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 4 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $5.75 (34.0% Upside)
