Vertical Aerospace (NYSE:EVTL) Stock Price Up 9.4%

Vertical Aerospace Ltd. (NYSE:EVTL)’s share price rose 9.4% on Monday . The stock traded as high as $0.92 and last traded at $0.84. Approximately 751,501 shares changed hands during trading, an increase of 128% from the average daily volume of 329,594 shares. The stock had previously closed at $0.77.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a $1.50 target price on shares of Vertical Aerospace in a report on Tuesday, May 28th.

Vertical Aerospace Trading Up 9.4 %

The company has a fifty day moving average price of $0.73 and a two-hundred day moving average price of $0.75.

Institutional Trading of Vertical Aerospace

An institutional investor recently bought a new position in Vertical Aerospace stock. Nomura Holdings Inc. bought a new stake in Vertical Aerospace Ltd. (NYSE:EVTL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 150,000 shares of the company’s stock, valued at approximately $177,000. Nomura Holdings Inc. owned 0.07% of Vertical Aerospace as of its most recent SEC filing. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Vertical Aerospace Company Profile

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.