As Evolv Technologies Holdings (EVLV, Financial) approaches its earnings announcement, options trading activity is experiencing usual volume, with a notable preference for put options over calls at a ratio of 7:2. This indicates a cautious sentiment among investors ahead of the earnings results.
The implied volatility for EVLV suggests that the market is anticipating a substantial movement of approximately 20.9%, equivalent to a 66-cent shift in the stock price, following the earnings release. Historically, the company's stock has shown a median movement of 3.6% in the aftermath of its earnings reports over the last eight quarters.
These figures highlight a potential for heightened stock price fluctuations after the forthcoming financial disclosure, drawing significant attention from market participants keen to capitalize on potential market reactions.
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 65.90% from the current price of $3.11. 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 208.57% from the current price of $3.1144. 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.
