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Potential Price Increase for Evolv Technologies Holdings Inc (EVLV) After Recent Insider Activity

Evolv Technologies Holdings Inc’s filing revealed that its Chief Commercial Officer Muelhoefer Jay unloaded Company’s shares for reported $0.18 million on Nov 04 ’24. In the deal valued at $2.21 per share,80,959 shares were sold. As a result of this transaction, Muelhoefer Jay now holds 175,148 shares worth roughly $0.39 million.

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Then, Glat Neil bought 8,333 shares, generating $24,999 in total proceeds. Upon buying the shares at $3.00, the Director now owns 162,355 shares.

Before that, Gonzales David Mounts bought 50,000 shares. Evolv Technologies Holdings Inc shares valued at $150,000 were divested by the Director at a price of $3.00 per share. As a result of the transaction, Gonzales David Mounts now holds 120,544 shares, worth roughly $0.27 million.

Northland Capital downgraded its Evolv Technologies Holdings Inc [EVLV] rating to a Market perform from a an Outperform in a research note published recently. Lake Street also remained covering EVLV and has decreased its forecast on May 10, 2024 with a “Hold” recommendation from previously “Buy” rating. Lake Street started covering the stock on November 21, 2023. It rated EVLV as “a Buy”.

Price Performance Review of EVLV

On Tuesday, Evolv Technologies Holdings Inc [NASDAQ:EVLV] saw its stock unchanged to $2.25. Over the last five days, the stock has lost -4.66%. Evolv Technologies Holdings Inc shares have fallen nearly -52.33% since the year began. Nevertheless, the stocks have fallen -50.22% over the past one year. While a 52-week high of $5.73 was reached on 02/13/24, a 52-week low of $2.01 was recorded on 05/10/24. SMA at 50 days reached $3.76, while 200 days put it at $3.62.

Levels Of Support And Resistance For EVLV Stock

The 24-hour chart illustrates a support level at 2.19, which if violated will result in even more drops to 2.12. On the upside, there is a resistance level at 2.30. A further resistance level may holdings at 2.34. The Relative Strength Index (RSI) on the 14-day chart is 27.22, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.57%. Stochastics %K at 10.04% indicates the stock is a buying.

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 2024-10-15, dropping by -0.27 million shares to a total of 14.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 14.59 million shares. There was a decline of -1.87%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on April 28, 2023 when Craig Hallum began covering the stock and recommended ‘”a Buy”‘ rating along with a $6 price target.

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