Evolv Technologies Holdings, Inc. - Class A Common Stock (EVLV)
4.1300
+0.1300 (3.25%)
Evolv Technologies is a technology company that specializes in creating advanced security screening solutions for large venues and public spaces
By utilizing artificial intelligence and sensor technology, the company develops systems that allow for seamless, non-intrusive security screenings, enhancing both safety and the overall experience for visitors. Their solutions are designed to streamline the security process while maintaining high standards for threat detection, catering to a variety of sectors such as stadiums, airports, and corporate environments. Evolv’s innovative approach aims to redefine security protocols by maximizing efficiency and minimizing disruption.
We look at the performances of 9 AI stocks for the week ending Sept. 20th and MTD; their market caps; and the extent of their short interest levels and changes in the past week.
Tech stocks plummeted last week after the ISM manufacturing index reported August figures that came in below consensus expectations raising fears about the strength of the economy and increasing chances the Federal Reserve will cut interest rates.
Most investors focus on large cap AI&R stocks that trade for hundreds of dollars yet there are a few less expensive, and potentially more explosive, small cap AI&R stocks that will get you wider exposure to that growth with less money invested.
Our Micro/Small Cap AI Stocks Portfolio went up 13.5% in July on top of a 3.2% increase in June, but that strength has evaporated so far in August, declining 13.8% MTD.
Two weeks ago we turned to a more bullish stance, which has proved to be correct, though we still await the explosive movement out of these consolidations.
Only 2 of the 10 constituents in our Micro/Small Cap AI Stocks Portfolio declined in July and, as a result, the Portfolio went up 13.5% vs. only a 3.2% increase in June.
Our Micro/Small Cap AI Stocks Portfolio, with 10 constituents, continued its upward climb last week going up another 13.5% so far in July after going up 10% in June and UP 18% in May.
