EVE (NYSE:EVEX) Stock Price Down 4.9% - What's Next?

Eve Holding, Inc. (NYSE:EVEX - Get Free Report)'s share price dropped 4.9% during trading on Friday . The company traded as low as $2.93 and last traded at $2.93. Approximately 36,680 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 133,179 shares. The stock had previously closed at $3.08.

Analyst Ratings Changes

Several research analysts have issued reports on EVEX shares. HC Wainwright initiated coverage on shares of 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 target price on shares of EVE in a research note on Monday, September 30th.

EVE Stock Performance

The stock's 50 day moving average price is $3.09 and its two-hundred day moving average price is $3.81. 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 firm has a market capitalization of $829.80 million, a price-to-earnings ratio of -6.02 and a beta of 0.36.

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

Hedge Funds Weigh In On EVE

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of EVE by 7.1% during the 1st 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 EVE during the second quarter worth about $190,000. Finally, SG Americas Securities LLC acquired a new stake in shares of EVE in the third quarter valued at approximately $35,000. 1.27% of the stock is owned by institutional investors and hedge funds.

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.