Evolv Technologies (EVLV) Stock Price, News & Analysis

Company Overview

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. The company was founded in 2013 and is headquartered in Waltham, Massachusetts.

Key Stats

• Today's Range: $2.17 to $2.39
• 50-Day Range: $2.36 to $4.47
• 52-Week Range: $2.01 to $5.73
• Volume: 5.34 million shs
• Average Volume: 1.66 million shs
• Market Capitalization: $368.67 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $5.60
• Consensus Rating: Hold

Evolv Technologies Stock Analysis - MarketRank™

Evolv Technologies scored higher than 38% of companies evaluated by MarketBeat, and ranked 513th out of 675 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

Evolv Technologies has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 2 buy ratings, 3 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Evolv Technologies has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Evolv Technologies are expected to decrease in the coming year, from ($0.26) to ($0.27) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Evolv Technologies is -16.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Evolv Technologies is -16.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Evolv Technologies has a P/B Ratio of 2.41. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

13.28% of the float of Evolv Technologies has been sold short.

Short Interest Ratio / Days to Cover

Evolv Technologies has a short interest ratio ("days to cover") of 10.3, which indicates bearish sentiment.

Change versus previous month

Short interest in Evolv Technologies has recently decreased by 5.98%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Evolv Technologies does not currently pay a dividend.

Dividend Growth

Evolv Technologies does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

13.28% of the float of Evolv Technologies has been sold short.

Short Interest Ratio / Days to Cover

Evolv Technologies has a short interest ratio ("days to cover") of 10.3, which indicates bearish sentiment.

Change versus previous month

Short interest in Evolv Technologies has recently decreased by 5.98%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: -0.05

News Sentiment

Evolv Technologies has a news sentiment score of -0.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 41 news articles for Evolv Technologies this week, compared to 6 articles on an average week.

Search Interest

17 people have searched for EVLV on MarketBeat in the last 30 days. This is an increase of 113% compared to the previous 30 days.

MarketBeat Follows

40 people have added Evolv Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Evolv Technologies insiders have not sold or bought any company stock.

Percentage Held by Insiders

11.20% of the stock of Evolv Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

66.65% of the stock of Evolv Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EVLV Stock Analysis - Frequently Asked Questions

How have EVLV shares performed this year?

Evolv Technologies' stock was trading at $4.72 on January 1st, 2024. Since then, EVLV stock has decreased by 50.4% and is now trading at $2.34.
View the best growth stocks for 2024 here.

How were Evolv Technologies' earnings last quarter?

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) posted its quarterly earnings data on Thursday, August, 8th. The company reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.15. The business earned $25.54 million during the quarter, compared to analyst estimates of $23.57 million. Evolv Technologies had a negative net margin of 21.42% and a negative trailing twelve-month return on equity of 28.57%.

Who are Evolv Technologies' major shareholders?

Evolv Technologies' top institutional shareholders include Key Colony Management LLC (3.24%), Essex Investment Management Co. LLC (0.26%), Sequoia Financial Advisors LLC (0.01%) and First Bank & Trust (0.01%). Insiders that own company stock include Michael Ellenbogen, Anil Chitkara, Peter Gustav George, Kevin M Charlton, Mark Donohue, David Mounts Gonzales and Anthony John Derosa.
View institutional ownership trends.

How do I buy shares of Evolv Technologies?

Shares of EVLV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Evolv Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Evolv Technologies investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Tesla (TSLA), Meta Platforms (META), Intel (INTC), Chevron (CVX) and Visa (V).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 10/30/2024
• Next Earnings (Estimated): 11/14/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Computer peripheral equipment, not elsewhere classified
• Sub-Industry: Computer Hardware
• Current Symbol: NASDAQ:EVLV
• CUSIP: N/A
• CIK: 1805385
• Web: www.evolvtechnology.com
• Phone: 781 374 8100
• Fax: N/A
• Employees: 170
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $5.60
• High Stock Price Target: $8.00
• Low Stock Price Target: $2.75
• Potential Upside/Downside: +155.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.17
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.14)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-106,250,000.00
• Net Margins: -21.42%
• Pretax Margin: -21.32%
• Return on Equity: -28.57%
• Return on Assets: -14.76%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.74
• Quick Ratio: 1.50

Sales & Book Value

• Annual Sales: $80.42 million
• Price / Sales: 4.29
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.97 per share
• Price / Book: 2.26

Miscellaneous

• Outstanding Shares: 157,550,000
• Free Float: 139,904,000
• Market Cap: $345.03 million
• Optionable: Optionable
• Beta: 1.25