Evolv Technologies (EVLV) Set to Announce Earnings on Thursday

Evolv Technologies (NASDAQ:EVLV) is set to release its earnings data after the market closes on Thursday, May 9th. Analysts expect Evolv Technologies to post earnings of ($0.14) per share for the quarter. Evolv Technologies has set its FY 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Evolv Technologies (NASDAQ:EVLV) last released its earnings results on Thursday, February 29th. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.03. Evolv Technologies had a negative return on equity of 47.56% and a negative net margin of 132.13%. The company had revenue of $21.82 million during the quarter, compared to analyst estimates of $18.81 million. On average, analysts expect Evolv Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Evolv Technologies Price Performance

EVLV opened at $3.86 on Thursday. The stock’s 50 day simple moving average is $4.08 and its 200 day simple moving average is $4.30. The firm has a market cap of $600.53 million, a price-to-earnings ratio of -5.29 and a beta of 1.35. Evolv Technologies has a 1 year low of $3.28 and a 1 year high of $8.30.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald reiterated an “overweight” rating and set a $8.00 price target on shares of Evolv Technologies in a report on Thursday, March 28th.

Insider Activity at Evolv Technologies

In related news, Director David Mounts Gonzales bought 50,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of $3.86 per share, with a total value of $193,000.00. Following the purchase, the director now owns 50,000 shares of the company’s stock, valued at approximately $193,000. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Michael Ellenbogen sold 54,873 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $5.04, for a total value of $276,559.92. Following the sale, the insider now directly owns 1,975,473 shares of the company’s stock, valued at approximately $9,956,383.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Mounts Gonzales purchased 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired at an average price of $3.86 per share, with a total value of $193,000.00. Following the completion of the purchase, the director now owns 50,000 shares in the company, valued at $193,000. The disclosure for this purchase can be found here. 10.70% of the stock is owned by corporate insiders.

Evolv Technologies Company Profile

Evolv Technologies Holdings, Inc provides artificial intelligence (AI)-based weapons detection for security screening in the United States and internationally. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives; and Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics.