EVE (NYSE:EVEX) Shares Gap Up - Still a Buy?

Shares of Eve Holding, Inc. (NYSE:EVEX - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $2.85, but opened at $3.03. EVE shares last traded at $2.91, with a volume of 10,519 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $5.00 price objective on shares of EVE in a research report on Monday, September 30th. HC Wainwright started coverage on EVE in a report on Tuesday, September 3rd. They set a "buy" rating and a $6.00 price objective for the company.

EVE Stock Down 4.2 %

The firm's 50 day simple moving average is $3.09 and its 200-day simple moving average is $3.78. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $792.09 million, a price-to-earnings ratio of -5.96 and a beta of 0.37.

EVE (NYSE:EVEX - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.13) EPS for the quarter, meeting the consensus estimate of ($0.13). Equities analysts expect that Eve Holding, Inc. will post -0.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in EVE by 7.1% during the first quarter. Vanguard Group Inc. now owns 517,707 shares of the company's stock worth $2,796,000 after buying an additional 34,484 shares during the last quarter. Blair William & Co. IL acquired a new position in shares of EVE during the 2nd quarter worth approximately $190,000. Finally, SG Americas Securities LLC bought a new stake in EVE in the 3rd quarter valued at $35,000. 1.27% of the stock is currently owned by institutional investors and hedge funds.

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.