Eve Holding, Inc. (NYSE:EVEX - Get Free Report)'s stock price was down 4.9% during mid-day trading on Thursday . The company traded as low as $4.42 and last traded at $4.42. Approximately 159,788 shares changed hands during trading, a decline of 1% from the average daily volume of 161,203 shares. The stock had previously closed at $4.65.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. HC Wainwright began coverage on EVE in a research report on Tuesday, September 3rd. They set a "buy" rating and a $6.00 price objective on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $5.00 price target on shares of EVE in a research note on Tuesday, November 5th. Finally, Canaccord Genuity Group boosted their price objective on shares of EVE from $6.75 to $7.00 and gave the company a "buy" rating in a report on Monday, December 2nd.
Read Our Latest Stock Analysis on EVE
EVE Stock Performance
The business has a 50-day moving average of $3.60 and a 200 day moving average of $3.42. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 5.21. The company has a market cap of $1.38 billion, a PE ratio of -9.62 and a beta of 0.53.
EVE (NYSE:EVEX - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.01. During the same quarter in the previous year, the business posted ($0.11) EPS. Equities research analysts anticipate that Eve Holding, Inc. will post -0.5 EPS for the current fiscal year.
Hedge Funds Weigh In On EVE
A number of institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in EVE during the third quarter valued at approximately $35,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of EVE during the 3rd quarter valued at $40,000. Franklin Resources Inc. bought a new position in EVE in the 3rd quarter worth $53,000. Readystate Asset Management LP purchased a new stake in EVE in the 3rd quarter worth $83,000. Finally, Barclays PLC lifted its position in shares of EVE by 594.1% in the third quarter. Barclays PLC now owns 43,931 shares of the company's stock valued at $141,000 after acquiring an additional 37,602 shares in the last quarter. 1.27% of the stock is owned by institutional investors.
EVE Company Profile
(
Get Free Report)
Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.
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