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: $3.45 to $4.04
• 50-Day Range: $2.86 to $4.47
• 52-Week Range: $2.01 to $5.73
• Volume: 4.28 million shs
• Average Volume: 1.54 million shs
• Market Capitalization: $591.57 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $5.75
• Consensus Rating: Moderate Buy

Evolv Technologies Stock Analysis - MarketRank™

Evolv Technologies scored higher than 41% of companies evaluated by MarketBeat, and ranked 457th out of 664 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: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Evolv Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Evolv Technologies has only been the subject of 1 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 -6.21, 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 -6.21, 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 3.91. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

13.53% 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 9.1.

Change versus previous month

Short interest in Evolv Technologies has recently increased by 3.48%, indicating that investor sentiment is decreasing.

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

13.53% 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 9.1.

Change versus previous month

Short interest in Evolv Technologies has recently increased by 3.48%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.63

News Sentiment

Evolv Technologies has a news sentiment score of 0.63. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Evolv Technologies this week, compared to 5 articles on an average week.

Search Interest

Only 10 people have searched for EVLV on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

18 people have added Evolv Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 50% 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 at the beginning of 2024. Since then, EVLV shares have decreased by 19.7% and is now trading at $3.79.
View the best growth stocks for 2024 here.

How were Evolv Technologies' earnings last quarter?

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) announced its quarterly earnings results on Thursday, August, 8th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.15. The firm had revenue of $25.54 million for the quarter, compared to the consensus estimate 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 SG Americas Securities LLC (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 AT&T (T), Approach Resources (AREX), Ur-Energy (URG), Energy Transfer (ET), Novavax (NVAX) and (HSNI) (HSNI).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 10/05/2024
• 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: $5.75
• High Stock Price Target: $8.00
• Low Stock Price Target: $3.50
• Potential Upside/Downside: +51.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.61)
• 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: $89.22 million
• Price / Sales: 6.63
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.97 per share
• Price / Book: 3.91

Miscellaneous

• Outstanding Shares: 156,087,000
• Free Float: 138,605,000
• Market Cap: $591.57 million
• Optionable: Optionable
• Beta: 1.25