Currently, Evolv Technologies Holdings Inc [EVLV] is trading at $4.07, up 12.74%. 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 14.01% over the last week, with a monthly amount glided 18.31%, 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.
This stock has fluctuated between a low of $2.01 and a high of $7.09 over the last 52 weeks. 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 $4.07 at the most recent close of the market. An investor can expect a potential return of 64.62% based on the average EVLV price forecast.
Analyzing the EVLV fundamentals
Trailing Twelve Months sales for Evolv Technologies Holdings Inc [NASDAQ:EVLV] were 89.22M which represents 28.83% growth. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.97%, Pretax Profit Margin comes in at -0.21%, and Net Profit Margin reading is -0.21%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.13 and Total Capital is -0.46. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
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 3.76 points at the first support level, and at 3.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.23, and for the 2nd resistance point, it is at 4.40.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Evolv Technologies Holdings Inc [NASDAQ:EVLV] is 1.74. In addition, the Quick Ratio stands at 1.50 and the Cash Ratio stands at 0.45. Considering the valuation of this stock, the price to sales ratio is 7.19, the price to book ratio is 4.19.
Transactions by insiders
Recent insider trading involved Glat Neil, Director, that happened on Aug 14 ’24 when 8333.0 shares were purchased. Director, Gonzales David Mounts completed a deal on Aug 13 ’24 to buy 50000.0 shares. Meanwhile, Director Saintil Merline sold 7754.0 shares on Jun 13 ’24.
