Evolv Technologies Hits Day Low of $4.87 Amid Price Pressure

Evolv Technologies Holdings, Inc. experienced a notable decline today, with the stock dropping by 9.76% on February 23, 2026. The stock reached an intraday low of USD 4.87, reflecting a challenging trading session for the small-cap company in the Electronics & Appliances sector. In terms of performance metrics, Evolv Technologies has faced significant headwinds over the past week, with a decrease of 13.73%. The one-month performance shows a more pronounced decline of 24.73%. Despite these short-term challenges, the company has demonstrated a year-over-year performance increase of 36.49%, outperforming the S&P 500's 12.95% during the same period. Financially, Evolv Technologies reported a robust growth in net sales of 31.67% in its latest quarterly results, with net sales reaching USD 32.54 million. However, the company continues to operate at a loss, with a net profit of USD -28.51 million. Additionally, promoter confidence appears to be waning, as there has been a 2.96% reduction in their stake over the previous quarter. Overall, Evolv Technologies Holdings, Inc. is navigating a complex landscape marked by both growth and challenges.