Head-To-Head Contrast: Evolv Technologies (NASDAQ:EVLV) versus Wipro (NYSE:WIT)
by Doug Wharley · The Cerbat GemEvolv Technologies (NASDAQ:EVLV – Get Free Report) and Wipro (NYSE:WIT – Get Free Report) are both computer and technology companies, but which is the superior business? We will compare the two companies based on the strength of their analyst recommendations, risk, profitability, dividends, valuation, institutional ownership and earnings.
Analyst Recommendations
This is a summary of current ratings and price targets for Evolv Technologies and Wipro, as provided by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Evolv Technologies | 1 | 1 | 4 | 1 | 2.71 |
| Wipro | 1 | 4 | 0 | 0 | 1.80 |
Evolv Technologies currently has a consensus target price of $9.13, suggesting a potential upside of 31.11%. Given Evolv Technologies’ stronger consensus rating and higher probable upside, analysts clearly believe Evolv Technologies is more favorable than Wipro.
Valuation and Earnings
This table compares Evolv Technologies and Wipro”s top-line revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Evolv Technologies | $103.86 million | 11.70 | -$54.02 million | ($0.37) | -18.81 |
| Wipro | $10.43 billion | 2.87 | $1.54 billion | $0.15 | 19.03 |
Wipro has higher revenue and earnings than Evolv Technologies. Evolv Technologies is trading at a lower price-to-earnings ratio than Wipro, indicating that it is currently the more affordable of the two stocks.
Institutional and Insider Ownership
66.7% of Evolv Technologies shares are held by institutional investors. Comparatively, 2.4% of Wipro shares are held by institutional investors. 11.3% of Evolv Technologies shares are held by company insiders. Comparatively, 1.0% of Wipro shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.
Profitability
This table compares Evolv Technologies and Wipro’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Evolv Technologies | -43.76% | -55.11% | -21.55% |
| Wipro | 15.06% | 15.80% | 10.38% |
Volatility and Risk
Evolv Technologies has a beta of 1.85, indicating that its stock price is 85% more volatile than the S&P 500. Comparatively, Wipro has a beta of 1.05, indicating that its stock price is 5% more volatile than the S&P 500.
Summary
Evolv Technologies beats Wipro on 8 of the 15 factors compared between the two stocks.
About Evolv Technologies
Evolv Technologies Holdings, Inc. provides artificial intelligence (AI)-based weapons detection for security screening in the United States and internationally. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives; and Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics. The company was founded in 2013 and is headquartered in Waltham, Massachusetts.
About Wipro
Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through IT Services and IT Products segments. The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, research and development, and hardware and software design services to enterprises. It serves customers in various industry sectors, such as communications, retail connectivity and services, consumer goods, healthcare, technology products and platforms, banking and financial services, energy, manufacturing and resources, capital markets and insurance, and hi-tech. The IT Products segment provides a range of third-party IT products comprising enterprise platforms, networking solutions, software and data storage products, contact center infrastructure, enterprise security, IT optimization technologies, video solutions, and end-user computing solutions. It serves enterprises in various industries primarily in the Indian market, which comprise the government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services sectors. The company was incorporated in 1945 and is based in Bengaluru, India.