Let’s look at the key reasons that are pushing Evolv Technologies Holdings Inc (EVLV) to new highs

A new trading day began on Friday, with Evolv Technologies Holdings Inc (NASDAQ: EVLV) stock price down -0.83% from the previous day of trading, before settling in for the closing price of $3.60. EVLV’s price has ranged from $2.01 to $7.76 over the past 52 weeks.

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Industrials Sector giant saw their annual sales surged by 190.18% over the last five years. Meanwhile, its annual earnings per share averaged 27.08%. With a float of $107.33 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. In terms of profitability, gross margin is 53.68%, operating margin of -97.23%, and the pretax margin is -21.32%.

Evolv Technologies Holdings Inc (EVLV) Breakdown of a Key Holders of the stock

As we move forward, let’s examine how large-scale investors are investing in this stock of the Security & Protection Services Industry. The insider ownership of Evolv Technologies Holdings Inc is 31.80%, while institutional ownership is 39.44%. The most recent insider transaction that took place on Aug 14 ’24, was worth 24,999. In this transaction Director of this company bought 8,333 shares at a rate of $3.00, taking the stock ownership to the 162,355 shares. Before that another transaction happened on Aug 13 ’24, when Company’s Director bought 50,000 for $3.00, making the entire transaction worth $150,000. This insider now owns 120,544 shares in total.

Evolv Technologies Holdings Inc (EVLV) Recent Fiscal highlights

In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.08 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 27.08% per share during the next fiscal year.

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

Here are Evolv Technologies Holdings Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.30.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.13, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.17 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 2.02 million was better than the volume posted last year of 1.54 million. As of the previous 9 days, the stock’s Stochastic%D was 74.83%. Additionally, its Average True Range was 0.27.

During the past 100 days, Evolv Technologies Holdings Inc’s (EVLV) raw stochastic average was set at 47.71%, which indicates a significant decrease from 85.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 90.47% in the past 14 days, which was lower than the 112.65% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.86, while its 200-day Moving Average is $3.79. Now, the first resistance to watch is $3.70. This is followed by the second major resistance level at $3.82. The third major resistance level sits at $3.96. If the price goes on to break the first support level at $3.44, it is likely to go to the next support level at $3.30. Now, if the price goes above the second support level, the third support stands at $3.18.

Evolv Technologies Holdings Inc (NASDAQ: EVLV) Key Stats

With a market capitalization of 562.45 million, the company has a total of 156,087K Shares Outstanding. Currently, annual sales are 80,420 K while annual income is -106,250 K. The company’s previous quarter sales were 25,540 K while its latest quarter income was 3,460 K.