Evolv Technologies (NASDAQ:EVLV) Stock Price Up 13% – Time to Buy?

Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) rose 13% during mid-day trading on Wednesday . The stock traded as high as $6.38 and last traded at $6.5550. Approximately 520,583 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 2,914,823 shares. The stock had previously closed at $5.80.

Analyst Ratings Changes

Several analysts recently commented on EVLV shares. Weiss Ratings lowered Evolv Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, June 17th. TD Cowen reissued a “buy” rating and issued a $10.00 price target on shares of Evolv Technologies in a report on Tuesday, June 9th. Finally, Zacks Research cut shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $9.67.

Evolv Technologies Trading Up 12.5%

The stock has a market cap of $1.17 billion, a PE ratio of -28.98 and a beta of 1.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.14 and a current ratio of 1.21. The company has a 50 day moving average of $6.23 and a two-hundred day moving average of $6.14.

Evolv Technologies (NASDAQ:EVLV) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. The company had revenue of $46.33 million for the quarter, compared to analyst estimates of $44.23 million. Evolv Technologies had a negative return on equity of 33.53% and a negative net margin of 22.75%. Sell-side analysts anticipate that Evolv Technologies Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Evolv Technologies

A number of large investors have recently added to or reduced their stakes in the stock. IFC & Insurance Marketing Inc. purchased a new stake in Evolv Technologies during the 4th quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Evolv Technologies by 471.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company’s stock valued at $49,000 after acquiring an additional 5,614 shares in the last quarter. FNY Investment Advisers LLC boosted its stake in shares of Evolv Technologies by 48.3% in the fourth quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock worth $63,000 after acquiring an additional 2,897 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in shares of Evolv Technologies in the fourth quarter worth approximately $72,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Evolv Technologies in the fourth quarter worth approximately $72,000. 66.65% of the stock is currently owned by institutional investors and hedge funds.

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.