A glimpse at Evolv Technologies Holdings Inc.’s potential climb to old highs

As of close of business last night, Evolv Technologies Holdings Inc.’s stock clocked out at $2.84, up 0.71% from its previous closing price of $2.82. In other words, the price has increased by $+0.0200 from its previous closing price. On the day, 658907 shares were traded. EVLV stock price reached its highest trading level at $2.8800 during the session, while it also had its lowest trading level at $2.6501.

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To gain a deeper understanding of EVLV’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.50 and its Current Ratio is at 6.70. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.02.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Stifel on March 15, 2022, Downgraded its rating to Hold and sets its target price to $2 from $10 previously.

On August 26, 2021, Stifel started tracking the stock assigning a Buy rating and target price of $12.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jan 05 when George Peter Gustav sold 963 shares for $2.37 per share. The transaction valued at 2,282 led to the insider holds 635,313 shares of the business.

Ellenbogen Michael sold 963 shares of EVLV for $2,282 on Jan 05. The Founder & Chief Innovation Ofc now owns 2,858,874 shares after completing the transaction at $2.37 per share. On Jan 05, another insider, Chitkara Anil, who serves as the Founder & Chief Growth Officer of the company, sold 963 shares for $2.37 each. As a result, the insider received 2,282 and left with 1,097,972 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 9.90 while its Price-to-Book (P/B) ratio in mrq is 1.65.

Stock Price History:

Over the past 52 weeks, EVLV has reached a high of $4.04, while it has fallen to a 52-week low of $1.57. The 50-Day Moving Average of the stock is 3.0766, while the 200-Day Moving Average is calculated to be 2.7327.

Shares Statistics:

It appears that EVLV traded 648.17K shares on average per day over the past three months and 535.24k shares per day over the past ten days. A total of 144.12M shares are outstanding, with a floating share count of 104.54M. Insiders hold about 16.40% of the company’s shares, while institutions hold 51.80% stake in the company. Shares short for EVLV as of Oct 13, 2022 were 3.9M with a Short Ratio of 2.85M, compared to 3.49M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.71% and a Short% of Float of 3.22%.

Earnings Estimates

As of right now, 3 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.09 and a low estimate of -$0.16, while EPS last year was $0.16. The consensus estimate for the next quarter is -$0.13, with high estimates of -$0.08 and low estimates of -$0.15.

Analysts are recommending an EPS of between -$0.43 and -$0.59 for the fiscal current year, implying an average EPS of -$0.52. EPS for the following year is -$0.49, with 3 analysts recommending between -$0.44 and -$0.55.

Revenue Estimates

A total of 4 analysts have provided revenue estimates for EVLV’s current fiscal year. The highest revenue estimate was $37M, while the lowest revenue estimate was $30.33M, resulting in an average revenue estimate of $32.31M. In the same quarter a year ago, actual revenue was $23.69M, up 36.40% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $54.42M in the next fiscal year. The high estimate is $70M and the low estimate is $40.3M. The average revenue growth estimate for next year is up 68.40% from the average revenue estimate for this year.