Evolv Technologies Holdings Inc [EVLV] stock is trading at $3.57, up 3.78%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The EVLV shares have gain 12.97% over the last week, with a monthly amount glided 43.95%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Lake Street downgraded its rating to Hold on May 10, 2024, and dropped its price target to $3.50. On November 21, 2023, Lake Street initiated with a Buy rating and assigned a price target of $6 on the stock. Craig Hallum started tracking the stock assigning a Buy rating and suggested a price target of $6 on April 28, 2023. Cantor Fitzgerald initiated its recommendation with a Overweight and recommended $5.40 as its price target on February 08, 2023. Stifel downgraded its rating to Hold for this stock on March 15, 2022, and downed its price target to $2. In a note dated August 26, 2021, Stifel initiated an Buy rating and provided a target price of $12 on this stock.
Evolv Technologies Holdings Inc [EVLV] stock has fluctuated between $2.01 and $8.30 over the past year. Currently, Wall Street analysts expect the stock to reach $6.7 within the next 12 months. Evolv Technologies Holdings Inc [NASDAQ: EVLV] shares were valued at $3.57 at the most recent close of the market. An investor can expect a potential return of 87.68% based on the average EVLV price forecast.
Analyzing the EVLV fundamentals
Evolv Technologies Holdings Inc [NASDAQ:EVLV] reported sales of 83.50M for the trailing twelve months, which represents a growth of 16.61%. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at -1.05%, Pretax Profit Margin comes in at -1.07%, and Net Profit Margin reading is -1.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.32, Equity is -0.61 and Total Capital is -0.44. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.45 points at the first support level, and at 3.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.68, and for the 2nd resistance point, it is at 3.79.
Ratios To Look Out For
For context, Evolv Technologies Holdings Inc’s Current Ratio is 1.77. In addition, the Quick Ratio stands at 1.64 and the Cash Ratio stands at 0.56. Considering the valuation of this stock, the price to sales ratio is 6.67, the price to book ratio is 3.92.
Transactions by insiders
Recent insider trading involved Saintil Merline, Director, that happened on Jun 13 ’24 when 7754.0 shares were sold. Chief Financial Officer, Donohue Mark completed a deal on Jun 03 ’24 to sell 0.19 million shares. Meanwhile, Founder & Chief Growth Officer Chitkara Anil sold 50000.0 shares on Apr 01 ’24.
