Evolv Technologies (NASDAQ:EVLV) Reaches New 1-Year Low – What’s Next?

Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) reached a new 52-week low during trading on Tuesday . The company traded as low as $4.82 and last traded at $4.8150, with a volume of 502810 shares trading hands. The stock had previously closed at $4.93.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Craig Hallum reaffirmed a “buy” rating and issued a $11.25 price target on shares of Evolv Technologies in a report on Wednesday, August 12th. Wall Street Zen upgraded Evolv Technologies from a “sell” rating to a “hold” rating in a report on Sunday, August 30th. Weiss Ratings upgraded Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd. TD Cowen reissued a “buy” rating and set a $10.00 price target on shares of Evolv Technologies in a research report on Tuesday, June 9th. Finally, Zacks Research cut shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Evolv Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $9.81.

Evolv Technologies Price Performance

The company’s 50-day simple moving average is $5.42 and its 200 day simple moving average is $5.83. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.11 and a current ratio of 1.18. The company has a market cap of $873.95 million, a PE ratio of -160.83 and a beta of 1.80.

Evolv Technologies (NASDAQ:EVLV) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The firm had revenue of $43.75 million for the quarter, compared to analyst estimates of $41.80 million. Evolv Technologies had a negative return on equity of 4.53% and a negative net margin of 3.05%. On average, sell-side analysts predict that Evolv Technologies Holdings, Inc. will post -0.2 earnings per share for the current fiscal year.

Insider Transactions at Evolv Technologies

In other Evolv Technologies news, Director Richard Shapiro acquired 19,100 shares of the company’s stock in a transaction on Friday, September 4th. The shares were bought at an average cost of $4.96 per share, for a total transaction of $94,736.00. Following the completion of the purchase, the director owned 39,000 shares in the company, valued at $193,440. This trade represents a 95.98% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Peregrine Capital Management LLC purchased a new position in shares of Evolv Technologies in the first quarter valued at $9,722,000. CenterBook Partners LP boosted its holdings in Evolv Technologies by 252.6% in the fourth quarter. CenterBook Partners LP now owns 1,075,877 shares of the company’s stock valued at $7,703,000 after acquiring an additional 770,791 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Evolv Technologies by 118.5% during the fourth quarter. BNP Paribas Financial Markets now owns 1,407,644 shares of the company’s stock valued at $10,079,000 after buying an additional 763,412 shares in the last quarter. Keewaydin Investments LLC acquired a new stake in Evolv Technologies in the 4th quarter valued at $4,579,000. Finally, Manatuck Hill Partners LLC acquired a new stake in Evolv Technologies in the fourth quarter valued at approximately $4,296,000. Hedge funds and other institutional investors own 66.65% of the company’s stock.

About Evolv Technologies

Evolv Technologies Holdings, Inc develops artificial intelligence-enabled security screening systems designed to help organizations detect weapons and other threats. Its technology combines sensors, artificial intelligence and analytics to screen people as they enter facilities without requiring them to remove everyday items such as phones, keys or bags.

The company’s primary products include Evolv Express, a system intended for high-throughput weapons screening, and Evolv Insights, a software platform that provides security teams with operational data and reporting.