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Why should you keep an eye on Evolv Technologies Holdings Inc (EVLV)?

Evolv Technologies Holdings Inc (NASDAQ: EVLV) is 7.10% higher on its value in year-to-date trading and has touched a low of $2.80 and a high of $8.30 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EVLV stock was last observed hovering at around $5.11 in the last trading session, with the day’s loss setting it -0.06%.

Currently trading at $5.05, the stock is 35.27% and 17.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.82 million and changing -1.08% at the moment leaves the stock 1.32% off its SMA200. EVLV registered 71.36% gain for a year compared to 6-month loss of 4.01%. The firm has a 50-day simple moving average (SMA 50) of $8.10 and a 200-day simple moving average (SMA200) of -$6.81.

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The stock witnessed a 27.33% gain in the last 1 month and extending the period to 3 months gives it a 7.10%, and is 40.81% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 13.32% over the week and 7.76% over the month.

Evolv Technologies Holdings Inc (EVLV) has around 293 employees, a market worth around $769.27M and $80.42M in sales. Profit margin for the company is -132.13%. Distance from 52-week low is 80.54% and -39.10% from its 52-week high. The company has generated returns on investments over the last 12 months (-72.62%).

Evolv Technologies Holdings Inc quarterly earnings per share for the current quarter are estimated at -$0.07 with sales reaching $23M over the same period.The EPS is expected to grow by 22.92% this year, but quarterly earnings will post 42.50% year-over-year. Quarterly sales are estimated to grow 23.80% in year-over-year returns.

Evolv Technologies Holdings Inc (EVLV) Top Institutional Holders

236 institutions hold shares in Evolv Technologies Holdings Inc (EVLV), with institutional investors hold 65.10% of the company’s shares. The shares outstanding are 151.31M, and float is at 102.57M with Short Float at 8.40%. Institutions hold 53.49% of the Float.

The top institutional shareholder in the company is General Catalyst Group Management, LLC with over 10.8 million shares valued at $64.78 million. The investor’s holdings represent 7.20% of the EVLV Shares outstanding. As of Jun 29, 2023, the second largest holder is Data Collective IV GP, LLC with 10.6 million shares valued at $63.61 million to account for 7.07% of the shares outstanding. The other top investors are Blackrock Inc. which holds 7.07 million shares representing 4.71% and valued at over $42.41 million, while Vanguard Group Inc holds 4.30% of the shares totaling 6.45 million with a market value of $38.69 million.

Evolv Technologies Holdings Inc (EVLV) Insider Activity

The most recent transaction is an insider sale by Chitkara Anil,the company’sFounder & Chief Growth Officer. SEC filings show that Chitkara Anil sold 50,000 shares of the company’s common stock on Apr 01 ’24 at a price of $5.00 per share for a total of $0.25 million. Following the sale, the insider now owns 1.2 million shares.

Evolv Technologies Holdings Inc disclosed in a document filed with the SEC on Mar 06 ’24 that Gonzales David Mounts (Director) bought a total of 50,000 shares of the company’s common stock. The trade occurred on Mar 06 ’24 and was made at $3.86 per share for $0.19 million. Following the transaction, the insider now directly holds 50000.0 shares of the EVLV stock.

Still, SEC filings show that on Mar 04 ’24, George Peter Gustav (President & CEO) disposed off 132,173 shares at an average price of $3.63 for $0.48 million. The insider now directly holds 947,587 shares of Evolv Technologies Holdings Inc (EVLV).

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