Sunday, June 26, 2022

Monitoring Evolv Technologies Holdings Inc. (EVLV) after recent insider movements

In a filing, Evolv Technologies Holdings Inc. revealed its Director Charlton Kevin M. acquired Company’s shares for reported $25440.0 on Jun 16. In the deal valued at $3.18 per share,8,000 shares were bought. As a result of this transaction, Charlton Kevin M. now holds 230,919 shares worth roughly $ 0.78 million.

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Then, DeRosa Anthony John sold 10,000 shares, generating $31,379 in total proceeds. Upon selling the shares at $3.14, the Chief Revenue Officer now owns 0 shares.

Before that, Charlton Kevin M. bought 29,081 shares. Evolv Technologies Holdings Inc. shares valued at $52,203 were divested by the Director at a price of $1.80 per share. As a result of the transaction, Charlton Kevin M. now holds 29,081 shares, worth roughly $98293.78.

Taking this into account, Stifel downgraded its Evolv Technologies Holdings Inc. [EVLV] rating to a Hold from a a Buy in a research note published on Tuesday, March 15, 2022; the price target was decreased to $2 from $10. PT values the company’s stock at a premium of -69.0 to its Tuesday closing price. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating.

Price Performance Review of EVLV

On Tuesday, Evolv Technologies Holdings Inc. [NASDAQ:EVLV] saw its stock jump 2.42% to $3.38. On the same session, the stock had its day’s lowest price of $3.31, but rose to a high of $3.68. Over the last five days, the stock has gained 22.02%. Evolv Technologies Holdings Inc. shares have fallen nearly -24.22% since the year began. Nevertheless, the stocks have fallen -66.13% over the past one year. While a 52-week high of $12.90 was reached on 01/03/22, a 52-week low of $1.57 was recorded on 03/15/22. SMA at 50 days reached $2.63, while 200 days put it at $4.16. A total of 1.48 million shares were traded, compared to the trading of 0.64 million shares in the previous session.

Levels Of Support And Resistance For EVLV Stock

The 24-hour chart illustrates a support level at 3.23, which if violated will result in even more drops to 3.09. On the upside, there is a resistance level at 3.60. A further resistance level may holdings at 3.83. The Relative Strength Index (RSI) on the 14-day chart is 58.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.30%. Stochastics %K at 67.96% indicates the stock is a holding.

How much short interest is there in Evolv Technologies Holdings Inc.?

A steep rise in short interest was recorded in Evolv Technologies Holdings Inc. stocks on Apr 28, 2022, dropping by -1.37 million shares to a total of 1.16 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 2.53 million shares. There was a decline of -118.1%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.97% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.44.

Evolv Technologies Holdings Inc. [EVLV] – Who Are The Largest Shareholders?

In filings from Edge Capital Group LLC, it is revealed that the company now owns 5,688,776 shares, or roughly 3.97% of the outstanding EVLV shares. In other words, the investor’s shares have risen by 5,670,576 from its previous 13-F filing of 18200.0. Additionally, Magnetar Financial LLC decreased -0.40% of its stake after which the total value it holdings stand at $14,386,761, while The Vanguard Group, Inc. added 201.50% of its stake to hold $8.27 million in the firm. Over the last quarter, Prentice Capital Management LP sold -687,646 shares of Evolv Technologies Holdings Inc., while UBS O’Connor LLC sold 27,758 shares. At present, Glenview Capital Management LLC is holding 1,499,461 shares valued at $4.36 million. Senvest Management LLC owned 1,000,000 shares of the company at the time of its most recent 13F filing, worth $2.91 million.

According to FactSet, Evolv Technologies Holdings Inc.’s share price will average $5.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 96.97 percent from its previous closing price of $3.30. Analysts expect Evolv Technologies Holdings Inc. stock to reach the higher price of $7.00, while the lowest price estimate is $2.00. However, 4 analysts have rated EVLV stock as an Overweight in their predictions for 2022.

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