EVE (NYSE:EVEX) Stock Price Down 8.2% - Should You Sell?

Eve Holding, Inc. (NYSE:EVEX - Get Free Report) shares dropped 8.2% during trading on Wednesday . The company traded as low as $5.21 and last traded at $5.23. Approximately 65,469 shares traded hands during trading, a decline of 75% from the average daily volume of 260,561 shares. The stock had previously closed at $5.70.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Cantor Fitzgerald reissued an "overweight" rating and issued a $5.00 price objective on shares of EVE in a report on Tuesday, November 5th. TD Cowen upgraded shares of EVE to a "hold" rating in a report on Thursday, December 19th. Finally, Canaccord Genuity Group lifted their price objective on shares of EVE from $6.75 to $7.00 and gave the company a "buy" rating in a research note on Monday, December 2nd.

EVE Trading Down 4.4 %

The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -11.35 and a beta of 0.42. The company has a fifty day moving average price of $4.16 and a 200-day moving average price of $3.50.

EVE (NYSE:EVEX - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.01. During the same period in the previous year, the business posted ($0.11) earnings per share. As a group, research analysts expect that Eve Holding, Inc. will post -0.5 EPS for the current year.

Hedge Funds Weigh In On EVE

Several institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in EVE by 65.4% in the third quarter. Geode Capital Management LLC now owns 850,022 shares of the company's stock valued at $2,754,000 after purchasing an additional 336,133 shares during the period. State Street Corp lifted its position in shares of EVE by 3.8% during the 3rd quarter. State Street Corp now owns 378,123 shares of the company's stock valued at $1,225,000 after buying an additional 13,700 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in EVE by 63.6% in the 3rd 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 during the period. Blair William & Co. IL purchased a new stake in EVE in the 2nd quarter worth $190,000. Finally, Barclays PLC increased its holdings in EVE by 594.1% in the 3rd quarter. Barclays PLC now owns 43,931 shares of the company's stock worth $141,000 after acquiring an additional 37,602 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company's stock.

About EVE

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.