Shares of Eve Holding, Inc. (NYSE:EVEX - Get Free Report) dropped 8.6% during trading on Tuesday . The stock traded as low as $3.17 and last traded at $3.19. Approximately 99,410 shares traded hands during trading, a decline of 58% from the average daily volume of 234,215 shares. The stock had previously closed at $3.49.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. TD Cowen raised shares of EVE to a "hold" rating in a research report on Thursday, December 19th. HC Wainwright reiterated a "buy" rating and issued a $6.00 price target on shares of EVE in a research note on Wednesday, March 12th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $5.00 target price on shares of EVE in a report on Friday, March 14th.
Get Our Latest Stock Report on EVE
EVE Price Performance
The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -7.28 and a beta of 0.55. 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 company has a fifty day simple moving average of $3.85 and a two-hundred day simple moving average of $4.01.
EVE (NYSE:EVEX - Get Free Report) last announced its quarterly earnings results on Friday, March 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.01. As a group, research analysts anticipate that Eve Holding, Inc. will post -0.5 earnings per share for the current year.
Institutional Investors Weigh In On EVE
Institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of EVE by 63.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,732 shares of the company's stock worth $1,078,000 after acquiring an additional 129,300 shares during the period. State Street Corp increased its holdings in shares of EVE by 3.8% in the 3rd quarter. State Street Corp now owns 378,123 shares of the company's stock valued at $1,225,000 after purchasing an additional 13,700 shares during the period. Barclays PLC lifted its position 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 buying an additional 37,602 shares in the last quarter. Geode Capital Management LLC boosted its position in EVE by 65.4% during 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 last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of EVE in the 3rd quarter valued at approximately $53,000. Institutional investors own 1.27% of the company's stock.
EVE Company Profile
(
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Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.
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