Overall market sentiment has been high on Evolv Technologies Holdings Inc (EVLV) stock lately. EVLV receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Evolv Technologies Holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on EVLV!
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With EVLV Stock Today?
Evolv Technologies Holdings Inc (EVLV) stock is up 1.82% while the S&P 500 is lower by -0.8% as of 12:46 PM on Wednesday, Oct 5. EVLV is up $0.04 from the previous closing price of $2.20 on volume of 100,610 shares. Over the past year the S&P 500 has fallen -12.55% while EVLV is lower by -60.91%. EVLV lost -$0.10 per share in the over the last 12 months.
More About Evolv Technologies Holdings Inc
Evolv Technologies Holdings Inc offers an AI-based touchless security screening. Its touchless security screening systems use artificial intelligence software, cloud services, and advanced sensors to reliably detect dangerous weapons while ignoring harmless items like cell phones, laptops, and keys. The firm operates in a single segment that develops, manufactures, markets, and sells security screening products and specific services. Its products are used in different industries such as casinos, industrial workplaces, schools, and ticketed venues.
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