#4 - Vertical Aerospace (NYSE:EVTL)
Vertical Aerospace Ltd. (NYSE: EVTL) is a small-cap, U.K.-based eVTOL company with a market cap of just over 108 million as of January 2025. This is a company that illustrates the risk that exists 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. It also sent EVTL stock plummeting in 2024.
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 and was forced to conduct a 10-for-1 reverse stock split in September 2024. The company raised $84 million in capital through a secondary share offering in January 2025 but will likely need to raise more capital to ensure it can make it through production.
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.
Read More - Current Price
- $5.12
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 1 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $9.50 (85.7% Upside)
