EVE (NYSE:EVEX) Shares Gap Down - Time to Sell?

Eve Holding, Inc. (NYSE:EVEX - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $5.48, but opened at $5.24. EVE shares last traded at $5.15, with a volume of 40,704 shares traded.

Analyst Ratings Changes

EVEX has been the topic of several analyst reports. Canaccord Genuity Group boosted their price objective on shares of EVE from $6.75 to $7.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. TD Cowen upgraded EVE to a "hold" rating in a research report on Thursday, December 19th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $5.00 price objective on shares of EVE in a research report on Tuesday, November 5th.

EVE Stock Performance

The stock has a fifty day simple moving average of $4.25 and a two-hundred day simple moving average of $3.53. The company has a debt-to-equity ratio of 0.42, a quick ratio of 5.21 and a current ratio of 5.21. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -10.08 and a beta of 0.42.

EVE (NYSE:EVEX - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported ($0.12) earnings per share for the quarter, topping analysts' consensus estimates of ($0.13) by $0.01. During the same period in the prior year, the company earned ($0.11) earnings per share. Analysts forecast that Eve Holding, Inc. will post -0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EVE

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its stake in shares of EVE by 65.4% in the 3rd quarter. Geode Capital Management LLC now owns 850,022 shares of the company's stock valued at $2,754,000 after buying an additional 336,133 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of EVE by 63.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 332,732 shares of the company's stock valued at $1,078,000 after acquiring an additional 129,300 shares in the last quarter. Blair William & Co. IL acquired a new position in shares of EVE during the second quarter worth approximately $190,000. Barclays PLC lifted its holdings in shares of EVE by 594.1% in the 3rd quarter. Barclays PLC now owns 43,931 shares of the company's stock worth $141,000 after purchasing an additional 37,602 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in EVE by 296.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,830 shares of the company's stock valued at $126,000 after purchasing an additional 29,029 shares during the period. Institutional investors and hedge funds own 1.27% of the company's stock.

EVE Company Profile

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.