The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Evolv Technologies Holdings Inc shares valued at $250,000 were sold by Chitkara Anil on Apr 01 ’24. At $5.00 per share, Chitkara Anil sold 50,000 shares. The insider’s holdings dropped to 1,200,157 shares worth approximately $5.18 million following the completion of this transaction.
Also, Gonzales David Mounts purchased 50,000 shares, netting a total of over 193,000 in proceeds. Following the buying of shares at $3.86 each, the insider now holds 50,000 shares.
Before that, George Peter Gustav had sold 132,173 shares from its account. In a trade valued at $479,788, the President & CEO traded Evolv Technologies Holdings Inc shares for $3.63 each. Upon closing the transaction, the insider’s holdings decreased to 132,173 shares, worth approximately $4.09 million.
As published in their initiating research note from Lake Street on November 21, 2023, Evolv Technologies Holdings Inc [EVLV] has been a Buy and the price target has been revised to $6. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in late April. As of February 08, 2023, Cantor Fitzgerald has initiated its “an Overweight” rating for EVLV. Earlier on March 15, 2022, Stifel downgraded its rating. Their new recommendation was “a Hold” for EVLV stock which previously was a “a Buy”.
Analyzing EVLV Stock Performance
During the last five days, there has been a drop of approximately -10.84%. Over the course of the year, Evolv Technologies Holdings Inc shares have dropped approximately -8.47%. Shares of the company reached a 52-week high of $5.73 on 02/13/24 and a 52-week low of $3.34 on 03/19/24. A 50-day SMA is recorded $4.32, while a 200-day SMA reached $4.93. Nevertheless, trading volume fell to 0.85 million shares from 0.92 million shares the previous day.
Support And Resistance Levels for Evolv Technologies Holdings Inc (EVLV)
According to the 24-hour chart, there is a support level at 4.23, which, if violated, would cause prices to drop to 4.14. In the upper region, resistance lies at 4.38. The next price resistance is at 4.44. RSI (Relative Strength Index) is 50.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.05, which suggests the price will decrease in the coming days. Percent R is at 54.24%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Evolv Technologies Holdings Inc subject to short interest?
Stocks of Evolv Technologies Holdings Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 1.04 million shares to 8.62 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 7.58 million shares. A jump of 12.06% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.73 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.73.
