Evolv Technologies (NASDAQ:EVLV) Hits New 12-Month Low – Time to Sell?

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) shares hit a new 52-week low on Friday . The stock traded as low as $4.86 and last traded at $4.8850, with a volume of 733728 shares trading hands. The stock had previously closed at $4.97.

Analyst Ratings Changes

Several research firms recently issued reports on EVLV. Weiss Ratings raised shares of Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Craig Hallum reissued a “buy” rating and issued a $11.25 price target on shares of Evolv Technologies in a research report on Wednesday, August 12th. Zacks Research cut shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. TD Cowen reiterated a “buy” rating and issued a $10.00 target price on shares of Evolv Technologies in a research note on Tuesday, June 9th. Finally, Wall Street Zen raised shares of Evolv Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, August 30th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.42.

Evolv Technologies Stock Down 0.7%

The firm has a 50 day simple moving average of $5.66 and a 200-day simple moving average of $5.86. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 1.11. The stock has a market capitalization of $893.88 million, a price-to-earnings ratio of -163.83 and a beta of 1.80.

Evolv Technologies (NASDAQ:EVLV) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The firm had revenue of $43.75 million for the quarter, compared to the consensus estimate of $41.80 million. Evolv Technologies had a negative net margin of 3.05% and a negative return on equity of 4.53%. On average, sell-side analysts forecast that Evolv Technologies Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Evolv Technologies

A number of large investors have recently modified their holdings of the stock. Allianz Asset Management GmbH acquired a new position in Evolv Technologies in the second quarter valued at about $267,000. Corient Private Wealth LP raised its position in shares of Evolv Technologies by 100.6% in the second quarter. Corient Private Wealth LP now owns 208,837 shares of the company’s stock valued at $1,211,000 after purchasing an additional 104,708 shares during the period. California State Teachers Retirement System lifted its position in Evolv Technologies by 773.9% during the second quarter. California State Teachers Retirement System now owns 1,038,397 shares of the company’s stock worth $6,023,000 after acquiring an additional 919,573 shares during the last quarter. Wedmont Private Capital acquired a new position in Evolv Technologies in the 2nd quarter valued at $1,640,000. Finally, Sapient Capital LLC increased its position in Evolv Technologies by 8.0% during the second quarter. Sapient Capital LLC now owns 411,988 shares of the company’s stock worth $2,390,000 after acquiring an additional 30,565 shares during the period. 66.65% of the stock is currently owned by institutional investors and hedge funds.

About Evolv Technologies

Evolv Technologies, Inc is a publicly traded American security technology company that develops and markets AI-driven weapons detection and screening solutions. The company’s proprietary platform combines advanced sensors, computer vision software and machine learning algorithms to identify potential threats—such as firearms and knives—while minimizing false positives and preserving high throughput. Evolv’s systems are designed to replace or supplement traditional metal detectors and manual bag checks in high-traffic venues.

The company’s flagship product, Evolv Express, integrates seamlessly into existing security checkpoints, allowing guests to pass through without stopping or emptying their pockets.