Evolv Technologies Holdings, Inc. (NASDAQ:EVLV – Get Free Report) has received an average rating of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $6.50.
EVLV has been the topic of several research reports. Cantor Fitzgerald upgraded Evolv Technologies to a “strong-buy” rating in a research note on Wednesday, May 21st. Wall Street Zen upgraded Evolv Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Lake Street Capital raised their price target on Evolv Technologies from $4.00 to $5.50 and gave the company a “hold” rating in a research note on Wednesday, May 21st. Northland Securities upgraded Evolv Technologies from a “market perform” rating to an “outperform” rating and set a $7.50 target price on the stock in a research note on Wednesday, May 21st. Finally, Northland Capmk upgraded Evolv Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 20th.
Check Out Our Latest Report on Evolv Technologies
Hedge Funds Weigh In On Evolv Technologies
Evolv Technologies Trading Up 5.7%
Shares of Evolv Technologies stock opened at $5.53 on Monday. The firm has a market cap of $906.92 million, a P/E ratio of -19.75 and a beta of 1.68. Evolv Technologies has a 12 month low of $2.04 and a 12 month high of $6.16. The stock’s fifty day moving average price is $4.64 and its 200-day moving average price is $3.95.
Evolv Technologies (NASDAQ:EVLV – Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.07. The firm had revenue of $32.01 million for the quarter, compared to analyst estimates of $26.40 million. Evolv Technologies had a negative return on equity of 34.13% and a negative net margin of 38.97%. Analysts forecast that Evolv Technologies will post -0.27 earnings per share for the current year.
Evolv Technologies Company Profile
Evolv Technologies Holdings, Inc provides artificial intelligence (AI)-based weapons detection for security screening in the United States and internationally. 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.
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