Evolv Technologies Holdings Stock Beta

EVLV Stock

USD 3.09 0.10 3.34%

Evolv Technologies Holdings fundamentals help investors to digest information that contributes to Evolv Technologies' financial success or failures. It also enables traders to predict the movement of Evolv Stock. The fundamental analysis module provides a way to measure Evolv Technologies' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Evolv Technologies stock.

Short Long Term Debt Total Total Assets

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Evolv Technologies Holdings Company Beta Analysis

Evolv Technologies' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

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Current Evolv Technologies Beta

1.34

Most of Evolv Technologies' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Evolv Technologies Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Evolv Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Evolv Technologies is extremely important. It helps to project a fair market value of Evolv Stock properly, considering its historical fundamentals such as Beta. Since Evolv Technologies' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Evolv Technologies' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Evolv Technologies' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Short Term Debt	Common Stock	Property Plant Equipment	Long Term Debt	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Term Investments	Intangible Assets
Total Assets		0.99	0.92	0.67	-0.88	-0.75	0.85	0.85	0.57	0.99	0.65	0.98	-0.96	0.94	0.41	-0.96	0.85	-0.79	-0.79	0.98	-0.99	0.5	0.67
Total Stockholder Equity	0.99		0.89	0.58	-0.94	-0.66	0.77	0.78	0.45	1.0	0.56	1.0	-0.94	0.97	0.4	-0.94	0.78	-0.83	-0.83	0.95	-0.96	0.41	0.57
Net Tangible Assets	0.92	0.89		0.67	-0.76	-0.75	0.81	0.77	0.66	0.89	0.57	0.88	-0.83	0.83	0.16	-0.83	0.83	-0.75	-0.75	0.92	-0.92	0.52	0.66
Current Deferred Revenue	0.67	0.58	0.67		-0.27	-0.99	0.8	0.74	0.86	0.57	0.93	0.55	-0.78	0.44	0.18	-0.78	0.94	-0.5	-0.5	0.77	-0.76	0.97	0.93
Net Debt	-0.88	-0.94	-0.76	-0.27		0.35	-0.53	-0.58	-0.13	-0.94	-0.25	-0.95	0.79	-0.98	-0.36	0.79	-0.52	0.81	0.81	-0.78	0.8	-0.08	-0.25
Retained Earnings	-0.75	-0.66	-0.75	-0.99	0.35		-0.89	-0.83	-0.9	-0.66	-0.94	-0.63	0.82	-0.52	-0.27	0.82	-0.98	0.51	0.51	-0.84	0.83	-0.91	-0.95
Accounts Payable	0.85	0.77	0.81	0.8	-0.53	-0.89		0.99	0.89	0.77	0.87	0.75	-0.83	0.64	0.55	-0.83	0.93	-0.4	-0.4	0.9	-0.89	0.63	0.89
Net Receivables	0.85	0.78	0.77	0.74	-0.58	-0.83	0.99		0.82	0.8	0.85	0.78	-0.83	0.68	0.66	-0.83	0.9	-0.38	-0.38	0.89	-0.88	0.55	0.83
Total Liab	0.57	0.45	0.66	0.86	-0.13	-0.9	0.89	0.82		0.45	0.87	0.42	-0.6	0.27	0.26	-0.6	0.85	-0.16	-0.16	0.7	-0.67	0.78	0.94
Net Invested Capital	0.99	1.0	0.89	0.57	-0.94	-0.66	0.77	0.8	0.45		0.56	1.0	-0.94	0.98	0.42	-0.94	0.79	-0.82	-0.82	0.94	-0.96	0.39	0.56
Short Long Term Debt	0.65	0.56	0.57	0.93	-0.25	-0.94	0.87	0.85	0.87	0.56		0.54	-0.75	0.42	0.5	-0.75	0.93	-0.31	-0.31	0.74	-0.73	0.84	0.92
Total Current Assets	0.98	1.0	0.88	0.55	-0.95	-0.63	0.75	0.78	0.42	1.0	0.54		-0.92	0.99	0.43	-0.92	0.77	-0.83	-0.83	0.93	-0.95	0.37	0.53
Capital Stock	-0.96	-0.94	-0.83	-0.78	0.79	0.82	-0.83	-0.83	-0.6	-0.94	-0.75	-0.92		-0.87	-0.38	1.0	-0.89	0.79	0.79	-0.97	0.98	-0.65	-0.76
Net Working Capital	0.94	0.97	0.83	0.44	-0.98	-0.52	0.64	0.68	0.27	0.98	0.42	0.99	-0.87		0.4	-0.87	0.67	-0.85	-0.85	0.86	-0.88	0.25	0.38
Short Term Debt	0.41	0.4	0.16	0.18	-0.36	-0.27	0.55	0.66	0.26	0.42	0.5	0.43	-0.38	0.4		-0.38	0.4	0.06	0.06	0.37	-0.37	-0.03	0.26
Common Stock	-0.96	-0.94	-0.83	-0.78	0.79	0.82	-0.83	-0.83	-0.6	-0.94	-0.75	-0.92	1.0	-0.87	-0.38		-0.89	0.79	0.79	-0.97	0.98	-0.65	-0.76
Property Plant Equipment	0.85	0.78	0.83	0.94	-0.52	-0.98	0.93	0.9	0.85	0.79	0.93	0.77	-0.89	0.67	0.4	-0.89		-0.59	-0.59	0.91	-0.91	0.81	0.9
Long Term Debt	-0.79	-0.83	-0.75	-0.5	0.81	0.51	-0.4	-0.38	-0.16	-0.82	-0.31	-0.83	0.79	-0.85	0.06	0.79	-0.59		1.0	-0.73	0.76	-0.44	-0.34
Long Term Debt Total	-0.79	-0.83	-0.75	-0.5	0.81	0.51	-0.4	-0.38	-0.16	-0.82	-0.31	-0.83	0.79	-0.85	0.06	0.79	-0.59	1.0		-0.73	0.76	-0.44	-0.34
Capital Surpluse	0.98	0.95	0.92	0.77	-0.78	-0.84	0.9	0.89	0.7	0.94	0.74	0.93	-0.97	0.86	0.37	-0.97	0.91	-0.73	-0.73		-1.0	0.62	0.8
Deferred Long Term Liab	-0.99	-0.96	-0.92	-0.76	0.8	0.83	-0.89	-0.88	-0.67	-0.96	-0.73	-0.95	0.98	-0.88	-0.37	0.98	-0.91	0.76	0.76	-1.0		-0.61	-0.77
Short Term Investments	0.5	0.41	0.52	0.97	-0.08	-0.91	0.63	0.55	0.78	0.39	0.84	0.37	-0.65	0.25	-0.03	-0.65	0.81	-0.44	-0.44	0.62	-0.61		0.88
Intangible Assets	0.67	0.57	0.66	0.93	-0.25	-0.95	0.89	0.83	0.94	0.56	0.92	0.53	-0.76	0.38	0.26	-0.76	0.9	-0.34	-0.34	0.8	-0.77	0.88

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Evolv Technologies

In accordance with the recently published financial statements, Evolv Technologies Holdings has a Beta of 1.336. This is 2.48% lower than that of the Electronic Equipment, Instruments & Components sector and 251.58% higher than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.

Evolv Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Evolv Technologies' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Evolv Technologies could also be used in its relative valuation, which is a method of valuing Evolv Technologies by comparing valuation metrics of similar companies.

Evolv Technologies is currently under evaluation in beta category among its peers.

Evolv Technologies ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Evolv Technologies' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Evolv Technologies' managers, analysts, and investors.

Environmental

Governance

Social

Evolv Technologies Institutional Holders

Institutional Holdings refers to the ownership stake in Evolv Technologies that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Evolv Technologies' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Evolv Technologies' value.

		Shares
State Street Corp	2024-06-30	2.6 M
Northern Trust Corp	2024-09-30	1.1 M
Rima Management, Llc	2024-09-30	1 M
G2 Investment Partners Management Llc	2024-09-30	992.4 K
Charles Schwab Investment Management Inc	2024-09-30	924.2 K
Gsa Capital Partners Llp	2024-09-30	884.2 K
Marshall Wace Asset Management Ltd	2024-06-30	730.3 K
Boothbay Fund Management, Llc	2024-09-30	620.4 K
Royce & Associates, Lp	2024-09-30	597 K
General Catalyst Group Management, Llc	2024-09-30	10.8 M
Data Collective Iv Gp, Llc	2024-09-30	9.7 M

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Evolv Technologies will likely underperform.

Evolv Fundamentals

	Return On Equity	-0.13
	Return On Asset	-0.18
	Profit Margin	(0.21) %
	Operating Margin	(0.79) %
	Current Valuation	432.69 M
	Shares Outstanding	157.55 M
	Shares Owned By Insiders	17.07 %
	Shares Owned By Institutions	61.49 %
	Number Of Shares Shorted	13.69 M
	Price To Earning	18.93 X
	Price To Book	3.18 X
	Price To Sales	5.46 X
	Revenue	80.42 M
	Gross Profit	1.73 M
	EBITDA	(95.62 M)
	Net Income	(106.25 M)
	Cash And Equivalents	218.5 M
	Cash Per Share	1.51 X
	Total Debt	1.39 M
	Debt To Equity	0.04 %
	Current Ratio	6.70 X
	Book Value Per Share	0.97 X
	Cash Flow From Operations	(9.8 M)
	Short Ratio	4.87 X
	Earnings Per Share	(0.11) X
	Price To Earnings To Growth	(0.03) X
	Target Price	4.25
	Number Of Employees	293
	Beta	1.34
	Market Capitalization	486.83 M
	Total Asset	298.72 M
	Retained Earnings	(298.46 M)
	Working Capital	93.8 M
	Current Asset	240.52 M
	Current Liabilities	89.07 M
	Net Asset	298.72 M

About Evolv Technologies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Evolv Technologies Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Evolv Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Evolv Technologies Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Evolv Stock Analysis

When running Evolv Technologies' price analysis, check to measure Evolv Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Evolv Technologies is operating at the current time. Most of Evolv Technologies' value examination focuses on studying past and present price action to predict the probability of Evolv Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evolv Technologies' price. Additionally, you may evaluate how the addition of Evolv Technologies to your portfolios can decrease your overall portfolio volatility.

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