Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Evolv Technologies Holdings Inc before investing.

In this article, we go over a few key elements for understanding Evolv Technologies Holdings Inc’s stock price such as:

• Evolv Technologies Holdings Inc’s current stock price and volume
• Why Evolv Technologies Holdings Inc’s stock price changed recently
• Upgrades and downgrades for EVLV from analysts
• EVLV’s stock price momentum as measured by its relative strength

About Evolv Technologies Holdings Inc (EVLV)

Before we jump into Evolv Technologies Holdings Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Evolv Technologies Holdings, Inc. is primarily engaged in developing, manufacturing, marketing and selling security screening products and specific services. The Company is a global artificial intelligence (AI)-based weapons detection for security screening. Its touchless security screening solutions use AI software, software as a service (SaaS) cloud services and advanced sensors to detect any weapons. Its products include Evolv Express and Evolv Edge. Its Evolv Express product is a touchless security screening system designed to detect firearms, improvised explosive devices and tactical knives in unstructured people flows. Evolv Express supports a maximum screening throughput of over 4,000 people per hour. Evolv Edge product supports structured single-file people flows. It collects a significant amount of anonymous data from every visitor that passes through its Evolv Express solutions. Its subsidiaries include Evolv Technologies, Inc., Evolv Technology UK Ltd. and Give Evolv LLC.

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Evolv Technologies Holdings Inc’s Stock Price as of Market Close

As of February 20, 2024, 4:00 PM, CST, Evolv Technologies Holdings Inc’s stock price was $4.41.

Evolv Technologies Holdings Inc is down 15.68% from its previous closing price of $5.23.

During the last market session, Evolv Technologies Holdings Inc’s stock traded between $5.12 and $5.40. Currently, there are 150.21 million shares of Evolv Technologies Holdings Inc stock available for purchase.

Unfortunately, Evolv Technologies Holdings Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Evolv Technologies Holdings Inc Stock Price History

Evolv Technologies Holdings Inc’s (EVLV) price is currently up 0.92% so far this month.

During the month of February, Evolv Technologies Holdings Inc’s stock price has reached a high of $5.73 and a low of $4.22.

Over the last year, Evolv Technologies Holdings Inc has hit prices as high as $8.30 and as low as $2.41. Year to date, Evolv Technologies Holdings Inc’s stock is up 70.27%.

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What Caused Evolv Technologies Holdings Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 16, 2024, there were 0 analysts who downgraded Evolv Technologies Holdings Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Evolv Technologies Holdings Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Evolv Technologies Holdings Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Evolv Technologies Holdings Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Evolv Technologies Holdings Inc (EVLV) by visiting AAII Stock Evaluator.

Relative Price Strength of Evolv Technologies Holdings Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 16, 2024, Evolv Technologies Holdings Inc has a weighted four-quarter relative price strength of 18.96%, which translates to a Momentum Score of 92 and is considered to be Very Strong.

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Evolv Technologies Holdings Inc Stock Price: Bottom Line

As of February 20, 2024, Evolv Technologies Holdings Inc’s stock price is $4.41, which is down 15.68% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Evolv Technologies Holdings Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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