Northland Securities downgraded shares of Evolv Technologies (NASDAQ:EVLV – Free Report) from an outperform rating to a market perform rating in a report published on Monday, MarketBeat Ratings reports.
Evolv Technologies Trading Up 2.0 %
Evolv Technologies stock opened at $2.52 on Monday. The company has a fifty day simple moving average of $3.94 and a 200-day simple moving average of $3.37. The stock has a market cap of $397.03 million, a P/E ratio of -18.00 and a beta of 1.25. Evolv Technologies has a 12-month low of $2.01 and a 12-month high of $5.73.
Evolv Technologies (NASDAQ:EVLV – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.15. The company had revenue of $25.54 million during the quarter, compared to the consensus estimate of $23.57 million. Evolv Technologies had a negative return on equity of 28.57% and a negative net margin of 21.42%. As a group, sell-side analysts forecast that Evolv Technologies will post -0.26 earnings per share for the current fiscal year.
Institutional Trading of Evolv Technologies
About Evolv Technologies
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.
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