EVE (NYSE:EVEX) Sees Strong Trading Volume

Eve Holding, Inc. (NYSE:EVEX) saw an uptick in trading volume on Tuesday . 21,531 shares were traded during mid-day trading, a decline of 59% from the previous session’s volume of 53,111 shares.The stock last traded at $3.32 and had previously closed at $3.28.

Wall Street Analyst Weigh In

A number of brokerages have commented on EVEX. Canaccord Genuity Group decreased their price target on EVE from $9.00 to $8.50 and set a “buy” rating on the stock in a research note on Tuesday. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $7.00 price target on shares of EVE in a research note on Monday.

EVE Stock Performance

The company has a debt-to-equity ratio of 0.28, a quick ratio of 4.96 and a current ratio of 4.96. The company has a 50 day moving average price of $4.85 and a 200-day moving average price of $5.65.

EVE (NYSE:EVEX) last posted its earnings results on Tuesday, May 7th. The company reported ($0.09) earnings per share (EPS) for the quarter. As a group, equities analysts anticipate that Eve Holding, Inc. will post -0.53 EPS for the current year.

Institutional Investors Weigh In On EVE

A hedge fund recently raised its stake in EVE stock. Strs Ohio increased its position in Eve Holding, Inc. (NYSE:EVEX) by 3,883.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,800 shares of the company’s stock after purchasing an additional 46,600 shares during the period. Strs Ohio’s holdings in EVE were worth $349,000 at the end of the most recent reporting period. Institutional investors own 1.27% of the company’s stock.

About EVE

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.