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 a security technology company. The Company is developing artificial intelligence (AI)-based weapons detection to create safer experiences for venues and companies as well as schools, hospitals, and public spaces. Its touchless security screening solutions use AI software, software-as-a-service (SaaS) cloud services, and advanced sensors to reliably detect weapons that could be a threat to a crowd of visitors while significantly reducing nuisance alarms from harmless personal items. Its flagship product is Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and large tactical knives in unstructured people flows. Evolv Express supports a maximum screening throughput of approximately 4,000 people per hour. It sells its solutions under two primary sales models. Evolv Technology, Evolv Express, Evolv Insights, Evolv Cortex AI, and Evolv Visual Gun Detection are its registered trademarks.

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

As of April 03, 2024, 4:00 PM, CST, Evolv Technologies Holdings Inc’s stock price was $4.84.

Evolv Technologies Holdings Inc is down 4.25% from its previous closing price of $5.06.

During the last market session, Evolv Technologies Holdings Inc’s stock traded between $4.78 and $5.28. Currently, there are 151.11 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 8.76% so far this month.

During the month of April, Evolv Technologies Holdings Inc’s stock price has reached a high of $5.28 and a low of $4.43.

Over the last year, Evolv Technologies Holdings Inc has hit prices as high as $8.30 and as low as $2.80. Year to date, Evolv Technologies Holdings Inc’s stock is up 86.87%.

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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 April 02, 2024, there was 1 analyst who downgraded Evolv Technologies Holdings Inc’s stock and 0 analysts 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 April 02, 2024, Evolv Technologies Holdings Inc has a weighted four-quarter relative price strength of 8.56%, which translates to a Momentum Score of 85 and is considered to be Very Strong.

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Evolv Technologies Holdings Inc Stock Price: Bottom Line

As of April 3, 2024, Evolv Technologies Holdings Inc’s stock price is $4.84, which is down 4.25% 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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