-7.22% percent quarterly performance for Evolv Technologies Holdings Inc (EVLV) is not indicative of the underlying story

QCOM

Evolv Technologies Holdings Inc (NASDAQ: EVLV) on Friday, plunged -6.25% from the previous trading day, before settling in for the closing price of $4.32. Within the past 52 weeks, EVLV’s price has moved between $2.96 and $8.30.

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Industrials Sector giant saw their annual sales surged by 190.18% over the last five years. The company achieved an average annual earnings per share of 22.92%. With a float of $102.91 million, this company’s outstanding shares have now reached $151.31 million.

The firm has a total of 293 workers. Let’s measure their productivity.

Evolv Technologies Holdings Inc (EVLV) Insider Activity

Observing investor behavior towards Security & Protection Services industry stocks is more important than anything else. The insider ownership of Evolv Technologies Holdings Inc is 32.38%, while institutional ownership is 40.00%. The most recent insider transaction that took place on Apr 01 ’24, was worth 250,000. In this transaction Founder & Chief Growth Officer of this company sold 50,000 shares at a rate of $5.00, taking the stock ownership to the 1,200,157 shares. Before that another transaction happened on Mar 06 ’24, when Company’s Director bought 50,000 for $3.86, making the entire transaction worth $193,000. This insider now owns 50,000 shares in total.

Evolv Technologies Holdings Inc (EVLV) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 497.49 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 22.92% per share during the next fiscal year.

Evolv Technologies Holdings Inc (NASDAQ: EVLV) Trading Performance Indicators

Evolv Technologies Holdings Inc (EVLV) is currently performing well based on its current performance indicators. A quick ratio of 2.03 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.66.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.72, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.12 in one year’s time.

Technical Analysis of Evolv Technologies Holdings Inc (EVLV)

Analysing the last 5-days average volume posted by the [Evolv Technologies Holdings Inc, EVLV], we can find that recorded value of 1.11 million was lower than the volume posted last year of 1.52 million. As of the previous 9 days, the stock’s Stochastic %D was 18.32%. Additionally, its Average True Range was 0.31.

During the past 100 days, Evolv Technologies Holdings Inc’s (EVLV) raw stochastic average was set at 29.71%, which indicates a significant decrease from 30.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 115.07% in the past 14 days, which was higher than the 81.36% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $4.32, while its 200-day Moving Average is $4.92. Now, the first resistance to watch is $4.28. This is followed by the second major resistance level at $4.50. The third major resistance level sits at $4.63. If the price goes on to break the first support level at $3.93, it is likely to go to the next support level at $3.80. Should the price break the second support level, the third support level stands at $3.58.

Evolv Technologies Holdings Inc (NASDAQ: EVLV) Key Stats

Market capitalization of the company is 616.33 million based on 152,183K outstanding shares. Right now, sales total 80,420 K and income totals -106,250 K. The company made 21,820 K in profit during its latest quarter, and -16,890 K in sales during its previous quarter.