5 Best Artificial Intelligence Stocks Under $20 According To Hedge Funds

2. Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Share Price as of March 6: $3.78

Number of Hedge Fund Holders: 23

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) offers AI-based weapons detection for security screening globally. Their product lineup includes Evolv Express, a touchless security screening system that identifies firearms, improvised explosive devices, and tactical knives; as well as Evolv Insights, which provides access to data and insights on visitor flow, system performance, and alarms, among other metrics, for different business needs. Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) is one of the best AI stocks.

On February 29, Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) announced a Q4 non-GAAP EPS of -$0.07 and a revenue of $21.82 million, outperforming Wall Street estimates by $0.01 and $2.06 million, respectively.

According to Insider Monkeys’ fourth quarter database, 23 hedge funds were bullish on Evolv Technologies Holdings, Inc. (NASDAQ:EVLV), in contrast to the prior quarter when 26 funds had invested in the stock. 

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