Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Evolv Technologies Holdings Inc (NASDAQ: EVLV) was $3.75 for the day, down -2.60% from the previous closing price of $3.85. In other words, the price has decreased by -$2.60 from its previous closing price. On the day, 1.12 million shares were traded. EVLV stock price reached its highest trading level at $4.05 during the session, while it also had its lowest trading level at $3.7305.
Ratios:
Our analysis of EVLV’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 1.74. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.00.
Lake Street Downgraded its Buy to Hold on May 10, 2024, whereas the target price for the stock was revised from $6 to $3.50.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 04 ’24 when Muelhoefer Jay sold 80,959 shares for $2.21 per share. The transaction valued at 178,919 led to the insider holds 175,148 shares of the business.
Glat Neil bought 8,333 shares of EVLV for $24,999 on Aug 14 ’24. The Director now owns 162,355 shares after completing the transaction at $3.00 per share. On Aug 13 ’24, another insider, Gonzales David Mounts, who serves as the Director of the company, bought 50,000 shares for $3.00 each. As a result, the insider paid 150,000 and bolstered with 120,544 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EVLV now has a Market Capitalization of 590812480 and an Enterprise Value of 536677632. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.45 while its Price-to-Book (P/B) ratio in mrq is 3.86. Its current Enterprise Value per Revenue stands at 6.015 whereas that against EBITDA is -7.534.
Stock Price History:
Over the past 52 weeks, EVLV has reached a high of $5.73, while it has fallen to a 52-week low of $2.01. The 50-Day Moving Average of the stock is 9.71%, while the 200-Day Moving Average is calculated to be 9.01%.
Shares Statistics:
EVLV traded an average of 2.42M shares per day over the past three months and 1885380 shares per day over the past ten days. A total of 157.47M shares are outstanding, with a floating share count of 108.48M. Insiders hold about 31.66% of the company’s shares, while institutions hold 46.68% stake in the company. Shares short for EVLV as of 1732838400 were 14906782 with a Short Ratio of 6.17, compared to 1730332800 on 13691037. Therefore, it implies a Short% of Shares Outstanding of 14906782 and a Short% of Float of 11.350001.
