EVE (NYSE:EVEX) Sees Unusually-High Trading Volume

Shares of Eve Holding, Inc. (NYSE:EVEX - Get Free Report) saw an uptick in trading volume on Tuesday . 21,531 shares traded hands during trading, a decline of 59% from the previous session's volume of 53,111 shares.The stock last traded at $3.32 and had previously closed at $3.28.

Analysts Set New Price Targets

A number of brokerages have recently commented on EVEX. Canaccord Genuity Group lowered their price target on EVE from $9.00 to $8.50 and set a "buy" rating for the company in a research note on Tuesday. Cantor Fitzgerald reissued a "neutral" rating and issued a $7.00 target price on shares of EVE in a research report on Monday.

EVE Price Performance

The company's 50-day simple moving average is $4.92 and its 200-day simple moving average is $5.69. The stock has a market capitalization of $875.45 million, a price-to-earnings ratio of -7.29 and a beta of 0.37. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.96 and a quick ratio of 4.96.

EVE (NYSE:EVEX - Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported ($0.09) earnings per share (EPS) for the quarter. Research analysts forecast that Eve Holding, Inc. will post -0.53 earnings per share for the current fiscal year.

Institutional Trading of EVE

A hedge fund recently raised its stake in EVE stock. Strs Ohio raised its position in Eve Holding, Inc. (NYSE:EVEX - Free Report) by 3,883.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 47,800 shares of the company's stock after acquiring an additional 46,600 shares during the period. Strs Ohio's holdings in EVE were worth $349,000 as of its most recent filing with the SEC. 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.