Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report) saw some unusual options trading on Tuesday. Stock investors acquired 5,513 call options on the company. This represents an increase of approximately 1,690% compared to the typical daily volume of 308 call options.
Evolv Technologies Stock Performance
Shares of NASDAQ EVLV traded down $0.16 during mid-day trading on Monday, reaching $3.15. The company had a trading volume of 345,822 shares, compared to its average volume of 1,714,555. Evolv Technologies has a 12-month low of $2.01 and a 12-month high of $4.65. The company has a market capitalization of $496.28 million, a price-to-earnings ratio of -22.50 and a beta of 1.68. The stock has a fifty day moving average of $3.31 and a two-hundred day moving average of $3.47.
Hedge Funds Weigh In On Evolv Technologies
Institutional investors and hedge funds have recently modified their holdings of the stock. Autumn Glory Partners LLC bought a new stake in Evolv Technologies in the fourth quarter worth $40,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Evolv Technologies in the fourth quarter valued at about $40,000. Cibc World Markets Corp acquired a new stake in shares of Evolv Technologies during the 4th quarter worth approximately $49,000. Virtu Financial LLC acquired a new stake in Evolv Technologies during the third quarter worth $63,000. Finally, Clare Market Investments LLC bought a new stake in Evolv Technologies in the fourth quarter valued at about $71,000. 66.65% of the stock is currently owned by hedge funds and other institutional investors.
About Evolv Technologies
(
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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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