Evolv Technologies Holdings ( (EVLV) ) has issued an update.
On April 16, 2025, Evolv Technologies Holdings received a notification from Nasdaq regarding non-compliance with listing rules due to delayed filing of its 2024 Annual Report, primarily caused by an internal investigation into sales practices. The company has until May 1, 2025, to update its compliance plan and expects to meet all SEC filing requirements by May 19, 2025. This notification does not immediately affect the company’s Nasdaq-listed securities, and Evolv is working with AlixPartners LLP to resolve the issue.
Spark’s Take on EVLV Stock
According to Spark, TipRanks’ AI Analyst, EVLV is a Neutral.
Evolv Technologies Holdings faces substantial financial and operational challenges, reflected in its weak financial performance and valuation. The stock shows some positive technical momentum, but the negative corporate events, such as financial restatements and leadership changes, underscore significant risks. These factors collectively contribute to a low overall stock score.
To see Spark’s full report on EVLV stock, click here.
More about Evolv Technologies Holdings
Evolv Technologies Holdings, Inc. is a leading security technology company that specializes in AI-based solutions aimed at enhancing safety in various environments such as iconic venues, schools, hospitals, and public spaces. The company is recognized for its advanced screening and analytics systems and has received multiple awards, including the U.S. Department of Homeland Security SAFETY Act Designation and the Security Industry Association’s 2024 New Products and Solutions Award.
YTD Price Performance: -19.65%
Average Trading Volume: 1,335,636
Technical Sentiment Signal: Strong Buy
Current Market Cap: $502.6M
For an in-depth examination of EVLV stock, go to TipRanks’ Stock Analysis page.