Evolv Technologies (EVLV) Set to Announce Earnings on Thursday

Evolv Technologies (NASDAQ:EVLV) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Evolv Technologies to post earnings of ($0.14) per share for the quarter. Evolv Technologies has set its FY 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Evolv Technologies (NASDAQ:EVLV) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.03. The business had revenue of $21.82 million during the quarter, compared to analyst estimates of $18.81 million. Evolv Technologies had a negative return on equity of 47.56% and a negative net margin of 132.13%. On average, analysts expect Evolv Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Evolv Technologies Price Performance

Shares of NASDAQ EVLV opened at $3.88 on Wednesday. The stock has a market capitalization of $603.65 million, a PE ratio of -5.42 and a beta of 1.37. Evolv Technologies has a one year low of $3.28 and a one year high of $8.30. The business’s fifty day moving average price is $4.04 and its 200-day moving average price is $4.30.

Insider Activity at Evolv Technologies

In other Evolv Technologies news, insider Michael Ellenbogen sold 54,873 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $5.04, for a total value of $276,559.92. Following the transaction, the insider now directly owns 1,975,473 shares in the company, valued at approximately $9,956,383.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Evolv Technologies news, insider Michael Ellenbogen sold 54,873 shares of Evolv Technologies stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $5.04, for a total transaction of $276,559.92. Following the completion of the sale, the insider now directly owns 1,975,473 shares in the company, valued at $9,956,383.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David Mounts Gonzales acquired 50,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were bought at an average price of $3.86 per share, for a total transaction of $193,000.00. Following the transaction, the director now owns 50,000 shares in the company, valued at approximately $193,000. The disclosure for this purchase can be found here. 11.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Cantor Fitzgerald restated an “overweight” rating and issued a $8.00 price objective on shares of Evolv Technologies in a research report on Thursday, March 28th.

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.