In the Green: Evolv Technologies Holdings Inc (EVLV) Closes at 2.16, Up/Down -4.42 from Previous Day

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In the latest session, Evolv Technologies Holdings Inc (NASDAQ: EVLV) closed at $2.16 down -4.42% from its previous closing price of $2.26. In other words, the price has decreased by -$4.42 from its previous closing price. On the day, 1.42 million shares were traded. EVLV stock price reached its highest trading level at $2.285 during the session, while it also had its lowest trading level at $2.14.

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 1.64 and its Current Ratio is at 1.77. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.

On May 10, 2024, Lake Street Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $6 to $3.50.

On November 21, 2023, Lake Street started tracking the stock assigning a Buy rating and target price of $6.Lake Street initiated its Buy rating on November 21, 2023, with a $6 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 Jun 13 ’24 when Saintil Merline sold 7,754 shares for $2.37 per share. The transaction valued at 18,377 led to the insider holds 81,086 shares of the business.

Donohue Mark sold 186,483 shares of EVLV for $509,099 on Jun 03 ’24. The Chief Financial Officer now owns 467,827 shares after completing the transaction at $2.73 per share. On Apr 01 ’24, another insider, Chitkara Anil, who serves as the Founder & Chief Growth Officer of the company, sold 50,000 shares for $5.00 each. As a result, the insider received 250,000 and left with 1,200,157 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 351941760 and an Enterprise Value of 258829040. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.04 while its Price-to-Book (P/B) ratio in mrq is 2.37. Its current Enterprise Value per Revenue stands at 3.1 whereas that against EBITDA is -3.393.

Stock Price History:

The Beta on a monthly basis for EVLV is 1.20, which has changed by -0.6363636 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, EVLV has reached a high of $8.30, while it has fallen to a 52-week low of $2.01. The 50-Day Moving Average of the stock is -33.61%, while the 200-Day Moving Average is calculated to be -48.55%.

Shares Statistics:

For the past three months, EVLV has traded an average of 1.69M shares per day and 1033660 over the past ten days. A total of 151.31M shares are outstanding, with a floating share count of 106.45M. Insiders hold about 31.80% of the company’s shares, while institutions hold 39.11% stake in the company. Shares short for EVLV as of 1715731200 were 9504457 with a Short Ratio of 5.56, compared to 1713139200 on 8577228. Therefore, it implies a Short% of Shares Outstanding of 9504457 and a Short% of Float of 7.32.

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