Evolv Technologies (EVLV) vs. Its Rivals Financial Review

Evolv Technologies (NASDAQ:EVLV) is one of 377 publicly-traded companies in the “Electronic Equipment, Instruments & Components” industry, but how does it contrast to its peers? We will compare Evolv Technologies to similar businesses based on the strength of its valuation, analyst recommendations, institutional ownership, profitability, earnings, risk and dividends.

Analyst Recommendations

This is a summary of recent recommendations and price targets for Evolv Technologies and its peers, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Evolv Technologies	1	1	4	0	2.50
Evolv Technologies Competitors	2047	7589	10397	654	2.47

Evolv Technologies currently has a consensus price target of $9.81, suggesting a potential upside of 109.22%. As a group, “Electronic Equipment, Instruments & Components” companies have a potential upside of 35.98%. Given Evolv Technologies’ stronger consensus rating and higher probable upside, equities analysts plainly believe Evolv Technologies is more favorable than its peers.

Institutional and Insider Ownership

66.7% of Evolv Technologies shares are held by institutional investors. Comparatively, 43.3% of shares of all “Electronic Equipment, Instruments & Components” companies are held by institutional investors. 5.2% of Evolv Technologies shares are held by insiders. Comparatively, 16.4% of shares of all “Electronic Equipment, Instruments & Components” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Valuation & Earnings

This table compares Evolv Technologies and its peers revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Evolv Technologies	$145.90 million	-$33.14 million	-156.33
Evolv Technologies Competitors	$4.00 billion	$166.60 million	5.61

Evolv Technologies’ peers have higher revenue and earnings than Evolv Technologies. Evolv Technologies is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Evolv Technologies and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Evolv Technologies	-3.05%	-4.53%	-1.72%
Evolv Technologies Competitors	-158.15%	-25.72%	-6.85%

Volatility & Risk

Evolv Technologies has a beta of 1.75, indicating that its stock price is 75% more volatile than the S&P 500. Comparatively, Evolv Technologies’ peers have a beta of -0.31, indicating that their average stock price is 131% less volatile than the S&P 500.

Summary

Evolv Technologies beats its peers on 8 of the 13 factors compared.

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. The company was founded in 2013 and is headquartered in Waltham, Massachusetts.