Vertical Aerospace (NYSE:EVTL - Get Free Report) issued its quarterly earnings results on Friday. The company reported ($1.92) earnings per share for the quarter, missing analysts' consensus estimates of ($1.34) by ($0.58), Zacks reports.
Vertical Aerospace Price Performance
Shares of NYSE:EVTL traded up $0.19 during trading hours on Friday, hitting $7.89. The stock had a trading volume of 70,184 shares, compared to its average volume of 51,632. The stock's fifty day simple moving average is $6.36 and its 200 day simple moving average is $48.37. Vertical Aerospace has a 1-year low of $3.55 and a 1-year high of $12.79.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. Raymond James restated a "market perform" rating on shares of Vertical Aerospace in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Vertical Aerospace from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Tuesday, December 3rd. Canaccord Genuity Group upped their target price on Vertical Aerospace from $15.00 to $16.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, Barclays raised their price target on Vertical Aerospace from $0.75 to $2.00 and gave the stock an "underweight" rating in a report on Thursday, November 21st.
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Vertical Aerospace Company Profile
(
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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.
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