EVLV vs. MITK, SSYS, IMMR, MGIC, CASS, BLND, LASR, PERI, ASTS, and BAND
Should you be buying Evolv Technologies stock or one of its competitors? The main competitors of Evolv Technologies include Mitek Systems (MITK), Stratasys (SSYS), Immersion (IMMR), Magic Software Enterprises (MGIC), Cass Information Systems (CASS), Blend Labs (BLND), nLIGHT (LASR), Perion Network (PERI), AST SpaceMobile (ASTS), and Bandwidth (BAND). These companies are all part of the "computer and technology" sector.
Evolv Technologies (NASDAQ:EVLV) and Mitek Systems (NASDAQ:MITK) are both small-cap computer and technology companies, but which is the superior investment? We will compare the two businesses based on the strength of their media sentiment, dividends, analyst recommendations, valuation, community ranking, institutional ownership, earnings, profitability and risk.
Mitek Systems has higher revenue and earnings than Evolv Technologies. Mitek Systems is trading at a lower price-to-earnings ratio than Evolv Technologies, indicating that it is currently the more affordable of the two stocks.
66.7% of Evolv Technologies shares are held by institutional investors. Comparatively, 83.6% of Mitek Systems shares are held by institutional investors. 11.2% of Evolv Technologies shares are held by insiders. Comparatively, 4.4% of Mitek Systems shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
In the previous week, Evolv Technologies had 7 more articles in the media than Mitek Systems. MarketBeat recorded 14 mentions for Evolv Technologies and 7 mentions for Mitek Systems. Mitek Systems' average media sentiment score of 0.12 beat Evolv Technologies' score of 0.10 indicating that Mitek Systems is being referred to more favorably in the news media.
Evolv Technologies has a beta of 1.37, meaning that its share price is 37% more volatile than the S&P 500. Comparatively, Mitek Systems has a beta of 1.12, meaning that its share price is 12% more volatile than the S&P 500.
Mitek Systems has a net margin of -1.97% compared to Evolv Technologies' net margin of -132.13%. Mitek Systems' return on equity of 13.13% beat Evolv Technologies' return on equity.
Mitek Systems received 394 more outperform votes than Evolv Technologies when rated by MarketBeat users. However, 88.89% of users gave Evolv Technologies an outperform vote while only 66.56% of users gave Mitek Systems an outperform vote.
Evolv Technologies presently has a consensus price target of $7.25, indicating a potential upside of 87.82%. Mitek Systems has a consensus price target of $19.00, indicating a potential upside of 42.00%. Given Evolv Technologies' higher probable upside, equities research analysts clearly believe Evolv Technologies is more favorable than Mitek Systems.
Summary
Mitek Systems beats Evolv Technologies on 10 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding EVLV and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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