EVLV Stock Summary and Trading Ideas (Evolv Technologies Holdings - Class A | NASDAQ:EVLV)

Evolv Technologies Holdings Inc offers an AI-based touchless security screening. Its touchless security screening systems use artificial intelligence software, cloud services, and advanced sensors to reliably detect dangerous weapons while ignoring harmless items like cell phones, laptops, and keys. It offers products for purchase and primarily under a multi-year security-as-a-service subscription pricing model that delivers ongoing value to customers, generates predictable revenue, and creates expansion and upsell opportunities. The firm operates in a single segment that develops, manufactures, markets, and sells security screening products and specific services. Its products are used in different industries such as casinos, industrial workplaces, schools, and ticketed venues.

Evolv Technologies Holdings - Class A trades on the NASDAQ stock market under the symbol EVLV.

As of November 14, 2024, EVLV stock price was flat at $2.51 with 1,626,735 million shares trading.

EVLV has a beta of 2.20, meaning it tends to be more sensitive to market movements. EVLV has a correlation of 0.06 to the broad based SPY ETF.

EVLV has a market cap of $395.45 million. This is considered a Small Cap stock.

Last quarter Evolv Technologies Holdings - Class A reported $26 million in Revenue and -$.06 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.01.

In the last 3 years, EVLV traded as high as $8.30 and as low as $1.57.

The top ETF exchange traded funds that EVLV belongs to (by Net Assets): VTI, VGT, IWM, VXF, IWO.

EVLV has underperformed the market in the last year with a return of -27.2%, while the SPY ETF gained +36.4%. In the last 3 month period, EVLV fell short of the market, returning -17.7%, while SPY returned +9.8%. However, in the most recent 2 weeks EVLV has outperformed the stock market by returning +7.3%, while SPY returned +2.3%.

EVLV support price is $2.35 and resistance is $2.67 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EVLV shares will trade within this expected range on the day.