EVE (NYSE:EVEX) Trading Up 3.8% – Here’s What Happened

Shares of Eve Holding, Inc. (NYSE:EVEX) were up 3.8% during trading on Tuesday . The stock traded as high as $3.33 and last traded at $3.31. Approximately 50,159 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 123,424 shares. The stock had previously closed at $3.19.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EVEX. Cantor Fitzgerald reissued an “overweight” rating and set a $5.00 price objective on shares of EVE in a research report on Monday, September 30th. HC Wainwright initiated coverage on EVE in a report on Tuesday, September 3rd. They set a “buy” rating and a $6.00 price target on the stock. Finally, Canaccord Genuity Group reduced their price objective on EVE from $9.00 to $8.50 and set a “buy” rating for the company in a research note on Tuesday, July 2nd.

EVE Trading Up 0.6 %

The stock has a market capitalization of $1.01 billion, a PE ratio of -7.34 and a beta of 0.36. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.87 and a current ratio of 3.87. The business’s 50-day moving average is $2.90 and its two-hundred day moving average is $3.96.

EVE (NYSE:EVEX) last released its earnings results on Tuesday, August 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.13). As a group, equities research analysts anticipate that Eve Holding, Inc. will post -0.49 earnings per share for the current year.

Hedge Funds Weigh In On EVE

A number of large investors have recently made changes to their positions in EVEX. SG Americas Securities LLC purchased a new position in EVE in the 3rd quarter valued at approximately $35,000. Blair William & Co. IL acquired a new stake in EVE in the second quarter valued at $190,000. Finally, Vanguard Group Inc. increased its position in shares of EVE by 7.1% in the first quarter. Vanguard Group Inc. now owns 517,707 shares of the company’s stock valued at $2,796,000 after buying an additional 34,484 shares in the last quarter. Hedge funds and other institutional investors 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.