10 Micro Cap Stocks That Will Skyrocket

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

Number of Hedge Fund Investors  in Q1 2024: 21

Date of Newsletter: February 12th

Another stock part of the February recap, this stock was covered in October 2023. It touted a “new AI technology is on the cusp of replacing every TSA screener in every airport in America,” and added that it could even allow travelers to bring water to their flights and protect Americans from gun violence. The newsletter beefed up these claims by sharing that Bill Gates had also invested in the company.

Gumshoe believes that this stock is Evolv Technologies Holdings, Inc. (NASDAQ:EVLV). It is a weapons detection company headquartered in Waltham, Massachusetts. It praises the firm’s business model which allows it to generate stable recurring revenue through customer contracts, and quotes some analysts believing that revenue could grow by 50% a year for the next couple of years. However, Gumshoe cautions that Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) needs to spend aggressively if it’s to grow and expand its market share.