11 Most Promising Small-Cap Industrial Stocks Under $50

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8. Evolv Technologies Holdings Inc. (NASDAQ:EVLV)

Sector/Industry: Industrial (Security & Protection Services)

Share Price: $7.05

Potential Upside: 39.4%

Number of Hedge Fund Holders: 45

Evolv Technologies Holdings Inc. (NASDAQ:EVLV) is one of the most promising small-cap industrial stocks under $50.

On December 22, Northland Securities analyst Michael Latimore reaffirmed his bullish view on Evolv Technologies Holdings Inc. (NASDAQ:EVLV). He assigned a Buy rating to the stock with a price target of $9.5, which offers nearly 38% upside potential to investors.

The consensus sentiment towards Evolv Technologies Holdings Inc. (NASDAQ:EVLV) is also positive. As of the December 22 closing, the stock has received Buy ratings from all four analysts covering it. Such bullish consensus has resulted in an estimated 1-year average price target of $9.83. This implies a 39.4% upside from the current level.

On December 16, the company announced a major development regarding its Evolv Express product. The product has been deployed at Pechanga Arena, which is a 14,000-seater multi-purpose sports and entertainment venue in San Diego. This is another addition to Evolv Technologies Holdings’ (NASDAQ:EVLV) expanding footprint across key venues in the state.

Evolv Technologies Holdings Inc. (NASDAQ:EVLV) is a security technology company that offers AI-enabled end-to-end security solutions. With human security at its core, the company delivers AI-driven security screening and analytics covering public venues, hospitals, and schools.

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