NASDAQ:EVLV

Evolv Technologies (EVLV) Stock Forecast, Price & News

$7.65

+1.82 (+31.22%)

(As of 08/11/2023 08:48 PM ET)

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Today's Range: $6.13
▼
$7.78
50-Day Range: $1.15
▼
$7.65
52-Week Range: $1.98
▼
$7.78

Volume: 10.06 million shs
Average Volume: 1.15 million shs
Market Capitalization: $1.14 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.87

Evolv Technologies MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 2.8% Upside
$7.87 Price Target
Short Interest: Bearish
8.97% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.19
Based on 20 Articles This Week
Insider Trading: Selling Shares
$1.50 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.57) to ($0.45) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.40 out of 5 stars

Computer And Technology Sector

570th out of 608 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

13th out of 13 stocks

1.3

Analyst's Opinion

Consensus Rating
Evolv Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.87, Evolv Technologies has a forecasted upside of 2.8% from its current price of $7.65.
Amount of Analyst Coverage
Evolv Technologies has only been the subject of 3 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
8.97% of the float of Evolv Technologies has been sold short.
Short Interest Ratio / Days to Cover
Evolv Technologies has a short interest ratio ("days to cover") of 4.2.
Change versus previous month
Short interest in Evolv Technologies has recently decreased by 4.96%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Evolv Technologies does not currently pay a dividend.
Dividend Growth
Evolv Technologies does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EVLV.

2.9

News and Social Media Coverage

News Sentiment
Evolv Technologies has a news sentiment score of 0.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 20 news articles for Evolv Technologies this week, compared to 1 article on an average week.
Search Interest
26 people have searched for EVLV on MarketBeat in the last 30 days. This is an increase of 160% compared to the previous 30 days.
MarketBeat Follows
5 people have added Evolv Technologies to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Evolv Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,501,866.00 in company stock.
Percentage Held by Insiders
12.10% of the stock of Evolv Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
50.42% of the stock of Evolv Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Evolv Technologies are expected to grow in the coming year, from ($0.57) to ($0.45) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Evolv Technologies is -7.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Evolv Technologies is -7.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Evolv Technologies has a P/B Ratio of 4.87. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Evolv Technologies (NASDAQ:EVLV) Stock

Evolv Technologies Holdings, Inc. provides artificial intelligence (AI)-based weapons detection for security screening. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives; and Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics. The company was founded in 2013 and is headquartered in Waltham, Massachusetts.

EVLV Price History

30 days | 90 days | 365 days | Advanced Chart

EVLV Stock News Headlines

August 13, 2023 | americanbankingnews.com

Stifel Nicolaus Increases Evolv Technologies (NASDAQ:EVLV) Price Target to $5.00

August 13, 2023 | americanbankingnews.com

Cantor Fitzgerald Increases Evolv Technologies (NASDAQ:EVLV) Price Target to $8.60

August 14, 2023 | Behind the Markets (Ad)

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August 13, 2023 | americanbankingnews.com

Analyzing Evolv Technologies (EVLV) and Its Competitors

August 12, 2023 | msn.com

Cantor Fitzgerald Maintains Evolv Technologies Holdings Inc - (EVLV) Overweight Recommendation

August 11, 2023 | markets.businessinsider.com

TD Cowen Reaffirms Their Buy Rating on Evolv Technologies Holdings (EVLV)

August 11, 2023 | msn.com

Stifel Maintains Evolv Technologies Holdings Inc - (EVLV) Hold Recommendation

August 11, 2023 | msn.com

Craig-Hallum Maintains Evolv Technologies Holdings Inc - (EVLV) Buy Recommendation

August 14, 2023 | Behind the Markets (Ad)

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August 11, 2023 | seekingalpha.com

Evolv Technologies GAAP EPS of -$0.45 misses by $0.31, revenue of $19.8M beats by $5.52M

August 11, 2023 | msn.com

Evolv Technologies Holdings, Inc. (EVLV) Reports Q2 Loss, Tops Revenue Estimates

August 10, 2023 | finance.yahoo.com

Evolv Technology Reports Record Second Quarter Financial Results

August 9, 2023 | finance.yahoo.com

Albuquerque, New Mexico-Area Rio Rancho Public Schools Demonstrates Commitment to Safety With Evolv Technology Implementation

August 6, 2023 | americanbankingnews.com

Evolv Technologies (NASDAQ:EVLVW) Trading Up 4.8%

August 2, 2023 | finance.yahoo.com

Delaware’s Appoquinimink Schools To Begin New Academic Year With Evolv Technology At High School Stadiums

July 19, 2023 | finance.yahoo.com

Aultman Hospital Adds Layer of Safety with Evolv Technology

July 18, 2023 | msn.com

Evolv Technologies Holdings, Inc. (EVLV) Surges 12.4%: Is This an Indication of Further Gains?

July 17, 2023 | msn.com

Full Foot Tensioning: Evolv Zenist Pro First Look Review

July 5, 2023 | finance.yahoo.com

Evolv Technology to Release Second Quarter Financial Results on August 10, 2023

June 21, 2023 | finance.yahoo.com

Evolv Partners with Temple Health for Weapons Detection Screening

June 20, 2023 | markets.businessinsider.com

Cantor Fitzgerald Sticks to Their Buy Rating for Evolv Technologies Holdings (EVLV)

June 20, 2023 | msn.com

Analyst Expectations for Evolv Technologies's Future

June 6, 2023 | finance.yahoo.com

Evolv Technologies Holdings First Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

June 2, 2023 | finance.yahoo.com

Are You Looking for a Top Momentum Pick? Why Evolv Technologies Holdings, Inc. (EVLV) is a Great Choice

May 23, 2023 | fool.com

Evolv Technologies (NASDAQ: EVLV)

May 23, 2023 | cbsnews.com

Evolv Technology's scanners come under fire after security lapses

May 23, 2023 | markets.businessinsider.com

Cantor Fitzgerald Maintains Overweight Rating for Evolv Technologies: Here's What You Need To Know

See More Headlines

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EVLV Company Calendar

Today: 8/13/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computer peripheral equipment, not elsewhere classified
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:EVLV
CUSIP: N/A
CIK: 1805385
Web: www.evolvtechnology.com
Phone: 781 374 8100
Fax: N/A
Employees: 223
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $7.87
High Stock Price Forecast: $10.00
Low Stock Price Forecast: $5.00
Forecasted Upside/Downside: +2.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.97)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-86,410,000.00
Net Margins: -187.36%
Pretax Margin: -155.56%
Return on Equity: -41.13%
Return on Assets: -28.52%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.63
Quick Ratio: 4.45

Sales & Book Value

Annual Sales: $55.19 million
Price / Sales: 20.57
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.57 per share
Price / Book: 4.87

Miscellaneous

Outstanding Shares: 148,430,000
Free Float: 130,469,000
Market Cap: $1.14 billion
Optionable: Not Optionable
Beta: 1.31

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Key Executives

Mr. Peter Gustav George (Age 64)
Pres, CEO & Director
Comp: $811.73k

Mr. Anil R. Chitkara (Age 54)
Co-Founder & Chief Growth Officer
Comp: $1.72M

Mr. Mark Donohue (Age 49)
Chief Financial Officer
Comp: $469.19k

Mr. Michael Philip Ellenbogen (Age 58)
Co-Founder, Chief Innovation Officer & Director

Nancy Milhous
SVP, Chief Accounting Officer & Sales Ops

Mr. Alec Rose
Chief Scientist

Mr. Brian Norris
Sr. VP of Fin. & Investor Relations

Mr. Eric J. Pyenson Esq. (Age 66)
Gen. Counsel & Sec.

Alexandra Smith Ozerkis
VP of Communications

Ms. Dana Loof
Chief Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

EVLV Stock - Frequently Asked Questions

Should I buy or sell Evolv Technologies stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Evolv Technologies in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" EVLV shares.
View EVLV analyst ratings or view top-rated stocks.
What is Evolv Technologies' stock price forecast for 2023?: 3 analysts have issued 12 month price targets for Evolv Technologies' shares. Their EVLV share price forecasts range from $5.00 to $10.00. On average, they expect the company's share price to reach $7.87 in the next year. This suggests a possible upside of 2.8% from the stock's current price.
View analysts price targets for EVLV or view top-rated stocks among Wall Street analysts.
How have EVLV shares performed in 2023?: Evolv Technologies' stock was trading at $0.18 at the beginning of the year. Since then, EVLV stock has increased by 4,150.0% and is now trading at $7.65.
View the best growth stocks for 2023 here.
When is Evolv Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our EVLV earnings forecast.
What ETF holds Evolv Technologies' stock ?: Invesco DWA Industrials Momentum ETF holds 271,156 shares of EVLV stock, representing 1.18% of its portfolio.
What guidance has Evolv Technologies issued on next quarter's earnings?: Evolv Technologies updated its FY 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $70.00 million-$75.00 million, compared to the consensus revenue estimate of $64.94 million.

What other stocks do shareholders of Evolv Technologies own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Evolv Technologies investors own include AT&T (T), Approach Resources (AREX), Ur-Energy (URG), Actinium Pharmaceuticals (ATNM), Energy Transfer (ET), Novavax (NVAX), (HSNI) (HSNI), OPKO Health (OPK), CBL & Associates Properties (CBL) and Cornerstone Strategic Value Fund (CLM).
What is Evolv Technologies' stock symbol?: Evolv Technologies trades on the NASDAQ under the ticker symbol "EVLV."
Who are Evolv Technologies' major shareholders?: Evolv Technologies' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.76%), Geode Capital Management LLC (1.29%), Northern Trust Corp (0.62%), Charles Schwab Investment Management Inc. (0.00%), Russell Investments Group Ltd. (0.00%) and MYDA Advisors LLC (0.29%). Insiders that own company stock include Anil Chitkara, Anthony John Derosa, Kevin M Charlton, Mark Donohue, Michael Ellenbogen and Peter Gustav George.
View institutional ownership trends.
How do I buy shares of Evolv Technologies?: Shares of EVLV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Evolv Technologies' stock price today?: One share of EVLV stock can currently be purchased for approximately $7.65.
How much money does Evolv Technologies make?: Evolv Technologies (NASDAQ:EVLV) has a market capitalization of $1.14 billion and generates $55.19 million in revenue each year. The company earns $-86,410,000.00 in net income (profit) each year or ($0.97) on an earnings per share basis.
How many employees does Evolv Technologies have?: The company employs 223 workers across the globe.
How can I contact Evolv Technologies?: Evolv Technologies' mailing address is 500 Totten Pond Road, 4th Floor, Waltham, MA 02451, United States. The official website for the company is www.evolvtechnology.com. The company can be reached via phone at 781 374 8100 or via email at ir@evolvtechnology.com.

This page (NASDAQ:EVLV) was last updated on 8/14/2023 by MarketBeat.com Staff

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Evolv Technologies (EVLV) Stock Forecast, Price & News

Evolv Technologies MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Evolv Technologies (NASDAQ:EVLV) Stock

EVLV Price History

EVLV Stock News Headlines

EVLV Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

EVLV Stock - Frequently Asked Questions

Overall MarketRank^™