Evolv Technologies Holdings Inc [EVLV] stock prices are up 1.98% to $2.57 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The EVLV shares have gain 19.53% over the last week, with a monthly amount drifted -35.26%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Evolv Technologies Holdings Inc [NASDAQ: EVLV] stock has seen the most recent analyst activity on October 28, 2024, when Northland Capital downgraded its rating to a Market Perform. On May 10, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $3.50 on the stock. Lake Street started tracking the stock assigning a Buy rating and suggested a price target of $6 on November 21, 2023. Craig Hallum initiated its recommendation with a Buy and recommended $6 as its price target on April 28, 2023. Cantor Fitzgerald started tracking with a Overweight rating for this stock on February 08, 2023, and assigned it a price target of $5.40. In a note dated March 15, 2022, Stifel downgraded an Hold rating on this stock and revised its target price from $10 to $2.
The stock price of Evolv Technologies Holdings Inc [EVLV] has been fluctuating between $2.01 and $5.73 over the past year. Currently, Wall Street analysts expect the stock to reach $5.38 within the next 12 months. Evolv Technologies Holdings Inc [NASDAQ: EVLV] shares were valued at $2.57 at the most recent close of the market. An investor can expect a potential return of 109.34% based on the average EVLV price forecast.
Analyzing the EVLV fundamentals
The Evolv Technologies Holdings Inc [NASDAQ:EVLV] reported sales of 89.22M for trailing twelve months, representing a surge of 28.83%. 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 2.47 points at the first support level, and at 2.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.63, and for the 2nd resistance point, it is at 2.69.
Ratios To Look Out For
It’s worth pointing out that Evolv Technologies Holdings Inc [NASDAQ:EVLV]’s Current Ratio is 1.74. On the other hand, the Quick Ratio is 1.50, and the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 4.54, the price to book ratio is 2.64.
Transactions by insiders
Recent insider trading involved Muelhoefer Jay, Chief Commercial Officer, that happened on Nov 04 ’24 when 80959.0 shares were sold. Director, Glat Neil completed a deal on Aug 14 ’24 to buy 8333.0 shares. Meanwhile, Director Gonzales David Mounts bought 50000.0 shares on Aug 13 ’24.
