Evolv Technologies (NASDAQ:EVLV) Sets New 1-Year Low - Here's What Happened

Key Points

• Evolv Technologies shares hit a new 52-week low, trading as low as $4.86 and closing around $4.89, down 0.7% from the prior close.
• Analysts maintain a mixed outlook: three rate the stock Buy, one Hold and one Sell, resulting in a consensus Hold rating and an average price target of $10.42.
• The company reported a quarterly EPS loss of $0.05, missing estimates by $0.02, although revenue of $43.75 million exceeded analyst expectations.

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The stock traded as low as $4.86 and last traded at $4.8850, with a volume of 733728 shares changing hands. The stock had previously closed at $4.97.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EVLV. Weiss Ratings upgraded Evolv Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, July 2nd. Zacks Research lowered shares of Evolv Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Craig Hallum reissued a "buy" rating and set a $11.25 target price on shares of Evolv Technologies in a report on Wednesday, August 12th. TD Cowen restated a "buy" rating and issued a $10.00 price target on shares of Evolv Technologies in a research report on Tuesday, June 9th. Finally, Wall Street Zen upgraded shares of Evolv Technologies from a "sell" rating to a "hold" rating in a research note on Sunday, August 30th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $10.42.

Evolv Technologies Stock Down 0.7%

The company has a market cap of $893.88 million, a price-to-earnings ratio of -163.83 and a beta of 1.80. The stock has a 50-day simple moving average of $5.66 and a 200-day simple moving average of $5.86. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 0.24.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The company had revenue of $43.75 million for the quarter, compared to analyst estimates of $41.80 million. Evolv Technologies had a negative net margin of 3.05% and a negative return on equity of 4.53%. As a group, analysts predict that Evolv Technologies Holdings, Inc. will post -0.2 EPS for the current year.

Institutional Trading of Evolv Technologies

Hedge funds have recently modified their holdings of the business. IFC & Insurance Marketing Inc. acquired a new position in Evolv Technologies during the fourth quarter valued at $28,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Evolv Technologies by 471.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company's stock valued at $49,000 after buying an additional 5,614 shares during the period. FNY Investment Advisers LLC increased its stake in shares of Evolv Technologies by 33.3% in the second quarter. FNY Investment Advisers LLC now owns 10,000 shares of the company's stock worth $58,000 after acquiring an additional 2,500 shares during the last quarter. AlphaCore Capital LLC purchased a new stake in shares of Evolv Technologies during the fourth quarter worth $72,000. Finally, Cibc World Markets Corp acquired a new stake in Evolv Technologies during the fourth quarter valued at $72,000. Hedge funds and other institutional investors own 66.65% of the company's stock.

Evolv Technologies Company Profile

Evolv Technologies, Inc is a publicly traded American security technology company that develops and markets AI-driven weapons detection and screening solutions. The company’s proprietary platform combines advanced sensors, computer vision software and machine learning algorithms to identify potential threats—such as firearms and knives—while minimizing false positives and preserving high throughput. Evolv’s systems are designed to replace or supplement traditional metal detectors and manual bag checks in high-traffic venues.

The company’s flagship product, Evolv Express, integrates seamlessly into existing security checkpoints, allowing guests to pass through without stopping or emptying their pockets.

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