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Understanding the Risks of Investing in Evolv Technologies Holdings Inc (EVLV)

Evolv Technologies Holdings Inc’s filing revealed that its Director Saintil Merline unloaded Company’s shares for reported $18377.0 on Jun 13 ’24. In the deal valued at $2.37 per share,7,754 shares were sold. As a result of this transaction, Saintil Merline now holds 81,086 shares worth roughly $0.2 million.

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Then, Donohue Mark sold 186,483 shares, generating $509,099 in total proceeds. Upon selling the shares at $2.73, the Chief Financial Officer now owns 467,827 shares.

Before that, Chitkara Anil sold 50,000 shares. Evolv Technologies Holdings Inc shares valued at $250,000 were divested by the Founder & Chief Growth Officer at a price of $5.00 per share. As a result of the transaction, Chitkara Anil now holds 1,200,157 shares, worth roughly $2.89 million.

A number of analysts have revised their coverage, including Lake Street’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Hold”. Lake Street began covering EVLV with “Buy” recommendation on November 21, 2023. Craig Hallum started covering the stock on April 28, 2023. It rated EVLV as “a Buy”.

Price Performance Review of EVLV

On Tuesday, Evolv Technologies Holdings Inc [NASDAQ:EVLV] saw its stock fall -0.41% to $2.41. Over the last five days, the stock has gained 1.26%. Evolv Technologies Holdings Inc shares have fallen nearly -48.94% since the year began. Nevertheless, the stocks have fallen -59.83% over the past one year. While a 52-week high of $8.30 was reached on 02/13/24, a 52-week low of $2.01 was recorded on 05/10/24. SMA at 50 days reached $2.95, while 200 days put it at $4.01. A total of 0.86 million shares were traded, compared to the trading of 6.17 million shares in the previous session.

Levels Of Support And Resistance For EVLV Stock

The 24-hour chart illustrates a support level at 2.35, which if violated will result in even more drops to 2.28. On the upside, there is a resistance level at 2.46. A further resistance level may holdings at 2.50. The Relative Strength Index (RSI) on the 14-day chart is 42.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.00%. Stochastics%K at 59.26% indicates the stock is a holding.

The most recent change occurred on February 08, 2023 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $5.40 price target.

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