Evolv Historical Financial Ratios
EVLV Stock | USD 3.91 0.05 1.30% |
Evolv Technologies is recently reporting on over 101 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 5.05 or Days Sales Outstanding of 98.8 will help investors to properly organize and evaluate Evolv Technologies financial condition quickly.
Evolv |
About Evolv Financial Ratios Analysis
Evolv TechnologiesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Evolv Technologies investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Evolv financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Evolv Technologies history.
Evolv Technologies Financial Ratios Chart
Evolv Technologies Holdings financial ratios usually calculated using numerical values taken directly from Evolv Technologies financial statements such as income statements or balance sheets. They help investors to obtain meaningful information about Evolv Technologies. Most financial ratios help to conduct quantitative analysis to assess vital information about the company's valuation as well as profitability and liquidity indicators such as leverage, growth, profit margins, and different types of rates of return.
At this time, Evolv Technologies' Current Ratio is fairly stable compared to the past year. Tangible Book Value Per Share is likely to climb to 0.98 in 2024, whereas Days Sales Outstanding is likely to drop 98.80 in 2024. Add Fundamental
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Evolv Technologies stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Evolv Technologies sales, a figure that is much harder to manipulate than other Evolv Technologies Holdings multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.Most ratios from Evolv Technologies' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Evolv Technologies current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evolv Technologies Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. At this time, Evolv Technologies' Current Ratio is fairly stable compared to the past year. Tangible Book Value Per Share is likely to climb to 0.98 in 2024, whereas Days Sales Outstanding is likely to drop 98.80 in 2024.
2021 | 2022 | 2024 (projected) | Payables Turnover | 2.68 | 2.94 | 1.79 | Days Of Inventory On Hand | 110.03 | 70.02 | 139.56 |
Evolv Technologies fundamentals Correlations
Click cells to compare fundamentals
Evolv Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Evolv Technologies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Evolv Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Evolv Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Evolv Stock
0.56 | PAY | Paymentus Holdings Earnings Call This Week | PairCorr |
0.54 | OSS | One Stop Systems Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Evolv Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evolv Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Evolv Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Evolv Technologies Holdings to buy it.
The correlation of Evolv Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Evolv Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolv Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Evolv Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evolv Technologies Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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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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Is Evolv Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Evolv Technologies. If investors know Evolv will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Evolv Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.71) | Revenue Per Share 0.539 | Quarterly Revenue Growth 0.045 | Return On Assets (0.17) | Return On Equity (0.57) |
The market value of Evolv Technologies is measured differently than its book value, which is the value of Evolv that is recorded on the company's balance sheet. Investors also form their own opinion of Evolv Technologies' value that differs from its market value or its book value, called intrinsic value, which is Evolv Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Evolv Technologies' market value can be influenced by many factors that don't directly affect Evolv Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Evolv Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Evolv Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evolv Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.