5 Best Growth Stocks Under $30 to Buy Now

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

Number of Hedge Fund Holders: 47

Evolv Technologies Holdings Inc. (NASDAQ:EVLV) is one of the best growth stocks under $30 to buy now. On June 10, Evolv Technology announced that its AI-powered bag screening solution, Evolv eXpedite, has received SAFETY Act Designation from the US Department of Homeland Security. This milestone means both of Evolv’s core products, eXpedite and Evolv Express, are now recognized as Qualified Anti-Terrorism Technologies, offering potential federal liability protections to the company and its customers.

Launched in 2024, Evolv eXpedite is designed to autonomously screen high volumes of bags for security threats without the need for manual X-ray interpretation. When paired with the Evolv Express walk-through system, it provides a comprehensive screening solution that is currently deployed in various settings, including sports venues, hospitals, and schools, having already screened over 20 million bags.

CEO John Kedzierski noted that this designation is a key achievement for Evolv Technologies Holdings’ Inc. (NASDAQ:EVLV) efforts to support layered security operations. By balancing detection capabilities with operational efficiency, Evolv aims to help organizations enhance safety standards without compromising visitor flow.

Evolv Technologies Holdings Inc. (NASDAQ:EVLV) develops AI-based, touchless security screening systems. Its screening technology can detect concealed weapons and threats without requiring people to stop or remove personal items. Evolv systems are used to make public spaces like stadiums, schools, hospitals, and entertainment centers safer.