Evolv Technologies (NASDAQ:EVLV - Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.04), Zacks reports. The firm had revenue of $23.68 million for the quarter, compared to analysts' expectations of $27.83 million. Evolv Technologies had a negative return on equity of 28.57% and a negative net margin of 21.42%.
Evolv Technologies Trading Up 2.3 %
Shares of Evolv Technologies stock traded up $0.10 during mid-day trading on Friday, hitting $4.30. 592,478 shares of the stock were exchanged, compared to its average volume of 1,761,396. The stock has a market capitalization of $676.68 million, a price-to-earnings ratio of -30.68 and a beta of 1.68. Evolv Technologies has a twelve month low of $2.01 and a twelve month high of $4.65. The company has a 50-day simple moving average of $3.29 and a 200 day simple moving average of $3.47.
Analyst Upgrades and Downgrades
Separately, Lake Street Capital boosted their price objective on shares of Evolv Technologies from $2.75 to $4.00 and gave the stock a "hold" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Evolv Technologies has a consensus rating of "Hold" and an average price target of $5.31.
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Evolv Technologies Company Profile
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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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