#4 - Vertical Aerospace (EVTL) (NYSE:EVTL)
Vertical Aerospace Ltd. (NYSE: EVTL) is a U.K.-based eVTOL company with a market cap of just 169.26 million. It illustrates the risk in the flying car sector.
The company has a prototype that is in the midst of the certification process. However, the company suffered a crash during a test flight that will delay its certification into 2026. That puts it behind the schedule of some of the other companies in the sector.
But not being first shouldn’t take it off your list. What is more concerning is that in late 2023, the company made a fixed-shelf filing to raise up to $180 million in cash. Second, the company received a delisting notice from the Nasdaq in December 2023. As of May 6, 2024, EVTL stock had yet to meet the requirements to meet the requirement. This could mean that a reverse stock split is imminent.
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. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.
- Current Price
- $0.72
- Consensus Rating
- Buy
- Ratings Breakdown
- 2 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $1.50 (108.4% Upside)
