As Evolv Technologies Holdings (EVLV, Financial) gears up to announce its latest earnings, the options market indicates a significant expectation for price fluctuation. Current options activity shows a strong preference for call options, outnumbering puts by an 8:1 ratio, suggesting bullish sentiment among traders.
The implied volatility in the options market suggests that investors are bracing for a potential price change of approximately 10.5%, or 34 cents, following the earnings release. This expected move is notably higher than the typical price reaction, as the stock's median movement over the last eight quarterly reports has averaged around 3.0%.
These insights into the options market highlight a heightened anticipation surrounding EVLV's upcoming financial performance. Investors and analysts will be closely watching to see if the company's results align with their expectations and how the stock will respond post-announcement.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Evolv Technologies Holdings Inc (EVLV, Financial) is $5.17 with a high estimate of $6.75 and a low estimate of $2.75. The average target implies an upside of 65.86% from the current price of $3.12. More detailed estimate data can be found on the Evolv Technologies Holdings Inc (EVLV) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Evolv Technologies Holdings Inc's (EVLV, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Evolv Technologies Holdings Inc (EVLV, Financial) in one year is $9.61, suggesting a upside of 208.51% from the current price of $3.115. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Evolv Technologies Holdings Inc (EVLV) Summary page.
