Evolv Technologies Holdings, Inc. (NASDAQ:EVLV – Get Free Report) was the target of unusually large options trading on Tuesday. Stock investors purchased 5,513 call options on the stock. This is an increase of 1,690% compared to the typical daily volume of 308 call options.
Evolv Technologies Price Performance
Shares of NASDAQ EVLV opened at $4.13 on Thursday. Evolv Technologies has a 1-year low of $2.01 and a 1-year high of $5.73. The business’s 50 day moving average is $3.49 and its two-hundred day moving average is $3.38. The stock has a market capitalization of $644.64 million, a P/E ratio of -6.77 and a beta of 1.25.
Evolv Technologies (NASDAQ:EVLV – Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.15. The business had revenue of $25.54 million for the quarter, compared to the consensus estimate of $23.57 million. Evolv Technologies had a negative net margin of 21.42% and a negative return on equity of 28.57%. As a group, equities research analysts anticipate that Evolv Technologies will post -0.26 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Evolv Technologies
Analyst Upgrades and Downgrades
Separately, Northland Securities cut their target price on shares of Evolv Technologies from $6.50 to $5.50 and set an “outperform” rating for the company in a report on Monday, August 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.75.
View Our Latest Analysis on Evolv Technologies
About Evolv Technologies
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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