Vertical Aerospace Ltd. (NYSE:EVTL) is Mudrick Capital Management L.P.'s Largest Position

Mudrick Capital Management L.P. raised its position in shares of Vertical Aerospace Ltd. (NYSE:EVTL - Free Report) by 11,735.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,343,585 shares of the company's stock after purchasing an additional 46,943,585 shares during the quarter. Vertical Aerospace accounts for approximately 100.0% of Mudrick Capital Management L.P.'s holdings, making the stock its biggest position. Mudrick Capital Management L.P. owned about 68.07% of Vertical Aerospace worth $595,582,000 at the end of the most recent quarter.

Vertical Aerospace Price Performance

NYSE:EVTL traded up $0.06 on Friday, reaching $3.40. 112,696 shares of the company's stock traded hands, compared to its average volume of 166,500. The stock has a 50-day simple moving average of $4.11 and a 200-day simple moving average of $6.13. Vertical Aerospace Ltd. has a 12 month low of $2.76 and a 12 month high of $15.99.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported ($46.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.74) by ($45.51). As a group, analysts forecast that Vertical Aerospace Ltd. will post -3.95 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. D. Boral Capital started coverage on Vertical Aerospace in a report on Thursday, March 27th. They issued a "buy" rating and a $15.00 target price on the stock. Canaccord Genuity Group decreased their price objective on Vertical Aerospace from $16.00 to $13.50 and set a "buy" rating on the stock in a research note on Friday, January 24th. Finally, HC Wainwright began coverage on Vertical Aerospace in a research note on Friday, February 7th. They set a "buy" rating and a $12.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.10.

About Vertical Aerospace

Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd.