Evolv Technologies Holdings Inc [NASDAQ: EVLV] stock went on an upward path that rose over 22.67% on Thursday, amounting to a one-week price increase of more than 27.01%.
Over the last 12 months, EVLV stock dropped by -14.13%. The one-year Evolv Technologies Holdings Inc stock forecast points to a potential upside of 7.06. The average equity rating for EVLV stock is currently 2.33, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $622.32 million, with 157.47 million shares outstanding and 108.48 million shares in the current float. Compared to the average trading volume of 2.55M shares, EVLV stock reached a trading volume of 5960703 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Evolv Technologies Holdings Inc [EVLV]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EVLV shares is $4.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EVLV stock is a recommendation set at 2.33. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Northland Capital have made an estimate for Evolv Technologies Holdings Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on October 28, 2024. While these analysts kept the previous recommendation, Craig Hallum dropped their target price from $8.50 to $5.75. The new note on the price target was released on May 20, 2024, representing the official price target for Evolv Technologies Holdings Inc stock. Previously, the target price had yet another drop from $6 to $3.50, while Lake Street kept a Hold rating on EVLV stock.
The Average True Range (ATR) for Evolv Technologies Holdings Inc is set at 0.27, with the Price to Sales ratio for EVLV stock in the period of the last 12 months amounting to 6.98. The Price to Book ratio for the last quarter was 4.06, with the Price to Cash per share for the same quarter was set at 0.36.
EVLV Stock Performance Analysis:
Evolv Technologies Holdings Inc [EVLV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 27.01. With this latest performance, EVLV shares gained by 13.51% in over the last four-week period, additionally plugging by 11.58% over the last 6 months – not to mention a drop of -14.13% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EVLV stock in for the last two-week period is set at 61.61, with the RSI for the last a single of trading hit 69.46, and the three-weeks RSI is set at 57.76 for Evolv Technologies Holdings Inc [EVLV]. The present Moving Average for the last 50 days of trading for this stock 3.51, while it was recorded at 3.34 for the last single week of trading, and 3.40 for the last 200 days.
Insight into Evolv Technologies Holdings Inc Fundamentals:
Evolv Technologies Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.74.
Evolv Technologies Holdings Inc [EVLV] Institutonal Ownership Details
There are presently around $59.73%, or 72.03%% of EVLV stock, in the hands of institutional investors. The top three institutional holders of EVLV stocks are: GENERAL CATALYST GROUP MANAGEMENT, LLC with ownership of 10.8 million shares, which is approximately 7.0528%. DATA COLLECTIVE IV GP, LLC, holding 9.68 million shares of the stock with an approximate value of $$24.69 million in EVLV stocks shares; and DATA COLLECTIVE IV GP, LLC, currently with $$22.02 million in EVLV stock with ownership which is approximately 5.6403%.
