In yesterday’s Wall Street session, Evolv Technologies Holdings Inc (NASDAQ:EVLV) shares traded at $2.82, up 17.01% from the previous session.
EVLV stock price is now -28.00% away from the 50-day moving average and -39.91% away from the 200-day moving average. The market capitalization of the company currently stands at $440.17M.
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With the price target reduced from $6 to $3.50, Lake Street Downgraded its rating from Buy to Hold for Evolv Technologies Holdings Inc (NASDAQ: EVLV). On November 21, 2023, Lake Street recently initiated its ‘Buy’ rating on the stock quoting a target price of $6, while ‘Craig Hallum’ rates the stock as ‘Buy’
In other news, Chitkara Anil, Founder & Chief Growth Officer sold 50,000 shares of the company’s stock on Apr 01 ’24. The stock was sold for $250,000 at an average price of $5.00. Upon completion of the transaction, the Founder & Chief Growth Officer now directly owns 1,200,157 shares in the company, valued at $3.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06 ’24, Director Gonzales David Mounts bought 50,000 shares of the business’s stock. A total of $193,000 was incurred on buying the stock at an average price of $3.86. This leaves the insider owning 50,000 shares of the company worth $0.14 million. A total of 26.05% of the company’s stock is owned by insiders.
During the past 12 months, Evolv Technologies Holdings Inc has had a low of $2.01 and a high of $8.30. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 1.77, and a quick ratio of 1.64.
The net profit margin was -106.93% and return on equity was -51.70% for EVLV. The company reported revenue of $21.67 million for the quarter, compared to $18.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.61 percent.
