Evolv Technologies (NASDAQ:EVLV) Share Price Breaks Above 50 Day Moving Average – What’s Next?

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)’s share price crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $4.71 and traded as high as $4.80. Evolv Technologies shares last traded at $4.76, with a volume of 1,443,859 shares trading hands.

Recent Evolv Technologies Headlines

Here are a few of the latest headlines about EVLV:

• Positive Sentiment: Third-quarter revenue rose 10.5% year over year to $47.3 million, ahead of analyst expectations of about $45.6 million. Evolv also generated $18.0 million in operating cash flow and ended the quarter with $61.9 million in cash. Q3 results summary
• Positive Sentiment: Management expects 2027 revenue growth of more than 20%, signaling continued expansion beyond the current year. 2027 revenue outlook
• Negative Sentiment: Management noted pricing changes could reduce growth by 3–4 percentage points, potentially limiting the benefit of strong 2027 revenue growth. Pricing impact and 2027 outlook

Analysts Set New Price Targets

EVLV has been the subject of a number of research analyst reports. Wall Street Zen upgraded Evolv Technologies from a “sell” rating to a “hold” rating in a report on Sunday, August 30th. Ladenburg Thalmann & Co. Inc. started coverage on Evolv Technologies in a report on Tuesday, September 8th. They set a “buy” rating and a $8.00 price target on the stock. Craig Hallum restated a “buy” rating and set a $11.25 price target on shares of Evolv Technologies in a report on Wednesday, August 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Evolv Technologies in a research report on Tuesday, September 29th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $9.81.

Evolv Technologies Trading Up 1.6%

The firm’s 50 day simple moving average is $4.68 and its two-hundred day simple moving average is $5.57. The stock has a market capitalization of $816.90 million, a P/E ratio of -41.00 and a beta of 1.83. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 0.24.

Evolv Technologies (NASDAQ:EVLV) last released its quarterly earnings data on Tuesday, November 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). The company had revenue of $47.35 million for the quarter, compared to analysts’ expectations of $45.61 million. Evolv Technologies had a negative net margin of 10.79% and a negative return on equity of 15.87%. As a group, analysts forecast that Evolv Technologies Holdings, Inc. will post -0.20 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Richard Shapiro purchased 19,100 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were acquired at an average cost of $4.96 per share, with a total value of $94,736.00. Following the purchase, the director owned 39,000 shares in the company, valued at $193,440. This represents a 95.98% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Evolv Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Stoic Point Capital Management LLC raised its position in shares of Evolv Technologies by 1.4% during the first quarter. Stoic Point Capital Management LLC now owns 5,765,507 shares of the company’s stock worth $34,881,000 after purchasing an additional 77,751 shares during the period. Emerald Advisers LLC grew its position in Evolv Technologies by 3.9% in the 1st quarter. Emerald Advisers LLC now owns 4,333,055 shares of the company’s stock valued at $26,215,000 after purchasing an additional 161,812 shares during the period. Emerald Mutual Fund Advisers Trust grew its position in Evolv Technologies by 6.6% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 2,667,589 shares of the company’s stock valued at $16,139,000 after purchasing an additional 165,100 shares during the period. Creek Drive Management Group LLC increased its stake in Evolv Technologies by 86.0% during the 3rd quarter. Creek Drive Management Group LLC now owns 1,767,000 shares of the company’s stock valued at $8,217,000 after purchasing an additional 817,000 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Evolv Technologies by 320.0% during the 1st quarter. Bank of America Corp DE now owns 677,944 shares of the company’s stock valued at $4,102,000 after purchasing an additional 516,523 shares in the last quarter. Institutional investors own 66.65% of the company’s stock.

Evolv Technologies Company Profile

Evolv Technologies develops security screening systems designed to detect weapons and other threats in public spaces. Its products combine sensors and artificial intelligence to screen people without requiring the same stop-and-check process used by traditional metal detectors. The company’s offerings include Evolv Express, a screening system for people entering venues, and Evolv eXpedite, which is designed to screen bags and other belongings. Evolv also provides software and analytics tools to help customers manage screening operations.