Group 1 - Evolv Technologies Holdings, Inc. (EVLV) has gained approximately 68.9% year-to-date, outperforming the average gain of 29% in the Computer and Technology sector [4] - The Zacks Consensus Estimate for EVLV's full-year earnings has increased by 15% over the past 90 days, indicating improved analyst sentiment and earnings outlook [4] - Evolv Technologies belongs to the Computers - IT Services industry, which is currently ranked 84 in the Zacks Industry Rank, while the industry has seen an average loss of 13.4% this year [6] Group 2 - The Computer and Technology group is ranked 1 within the Zacks Sector Rank, which includes 16 different groups [2] - Evolv Technologies has a Zacks Rank of 2 (Buy), suggesting it is positioned to potentially outperform the broader market in the near term [3] - Another stock in the Computer and Technology sector, Flex (FLEX), has also performed well with a year-to-date return of 62.6% and a Zacks Rank of 2 (Buy) [5][7]
Are Computer and Technology Stocks Lagging Evolv Technologies (EVLV) This Year?