In the latest session, Evolv Technologies Holdings Inc (NASDAQ: EVLV) closed at $3.45 down -2.82% from its previous closing price of $3.55. In other words, the price has decreased by -$0.1000 from its previous closing price. On the day, 677890 shares were traded.
Ratios:
For a deeper understanding of Evolv Technologies Holdings Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.03 and its Current Ratio is at 2.14. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
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 this company, Lake Street on November 21, 2023, initiated with a Buy rating and assigned the stock a target price of $6.
On April 28, 2023, Craig Hallum started tracking the stock assigning a Buy rating and target price of $6.
On February 08, 2023, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $5.40.Cantor Fitzgerald initiated its Overweight rating on February 08, 2023, with a $5.40 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 06 ’24 when Gonzales David Mounts bought 50,000 shares for $3.86 per share. The transaction valued at 193,000 led to the insider holds 50,000 shares of the business.
George Peter Gustav sold 132,173 shares of EVLV for $479,788 on Mar 04 ’24. The President & CEO now owns 947,587 shares after completing the transaction at $3.63 per share. On Mar 04 ’24, another insider, Donohue Mark, who serves as the Chief Financial Officer of the company, sold 39,323 shares for $3.63 each. As a result, the insider received 142,742 and left with 287,374 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 540.25M and an Enterprise Value of 422.82M. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.53 while its Price-to-Book (P/B) ratio in mrq is 3.57. Its current Enterprise Value per Revenue stands at 5.26 whereas that against EBITDA is -4.42.
Stock Price History:
Over the past 52 weeks, EVLV has reached a high of $8.30, while it has fallen to a 52-week low of $2.55. The 50-Day Moving Average of the stock is 4.4063, while the 200-Day Moving Average is calculated to be 5.0886.
Shares Statistics:
For the past three months, EVLV has traded an average of 1.27M shares per day and 1.28M over the past ten days. A total of 151.31M shares are outstanding, with a floating share count of 102.57M. Insiders hold about 32.60% of the company’s shares, while institutions hold 38.82% stake in the company. Shares short for EVLV as of Feb 29, 2024 were 7.92M with a Short Ratio of 6.22, compared to 8.28M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.20% and a Short% of Float of 6.33%.
Earnings Estimates
There are 3 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.08, while EPS last year was -$0.12. The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.04 and low estimates of -$0.09.
Analysts are recommending an EPS of between -$0.14 and -$0.29 for the fiscal current year, implying an average EPS of -$0.21. EPS for the following year is -$0.04, with 3 analysts recommending between -$0.03 and -$0.06.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $23M this quarter.It ranges from a high estimate of $25M to a low estimate of $21.33M. As of the current estimate, Evolv Technologies Holdings Inc’s year-ago sales were $18.58M, an estimated increase of 23.80% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $26.64M, an increase of 34.40% over than the figure of $23.80% in the same quarter last year. There is a high estimate of $27.25M for the next quarter, whereas the lowest estimate is $26.07M.
A total of 6 analysts have provided revenue estimates for EVLV’s current fiscal year. The highest revenue estimate was $115.68M, while the lowest revenue estimate was $112M, resulting in an average revenue estimate of $114.63M. In the same quarter a year ago, actual revenue was $80.42M, up 42.50% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $160.61M in the next fiscal year. The high estimate is $179.83M and the low estimate is $145M. The average revenue growth estimate for next year is up 40.10% from the average revenue estimate for this year.
