EVE’s (EVEX) Overweight Rating Reiterated at Cantor Fitzgerald

EVE (NYSE:EVEX)‘s stock had its “overweight” rating reissued by equities research analysts at Cantor Fitzgerald in a report issued on Monday, Benzinga reports. They currently have a $5.00 target price on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 66.67% from the stock’s previous close.

EVEX has been the subject of a number of other reports. HC Wainwright initiated coverage on shares of EVE in a report on Tuesday, September 3rd. They issued a “buy” rating and a $6.00 price objective for the company. Canaccord Genuity Group lowered their price target on shares of EVE from $9.00 to $8.50 and set a “buy” rating for the company in a research note on Tuesday, July 2nd.

EVE Price Performance

NYSE EVEX traded up $0.01 during trading hours on Monday, reaching $3.00. 39,619 shares of the stock traded hands, compared to its average volume of 102,979. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.87 and a quick ratio of 3.87. The stock has a 50 day simple moving average of $2.94 and a two-hundred day simple moving average of $4.21. EVE has a 1 year low of $2.33 and a 1 year high of $8.72. The company has a market cap of $808.10 million, a price-to-earnings ratio of -6.67 and a beta of 0.35.

EVE (NYSE:EVEX) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.13) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.13). On average, analysts predict that EVE will post -0.49 EPS for the current fiscal year.

Institutional Trading of EVE

A hedge fund recently bought a new stake in EVE stock. Blair William & Co. IL acquired a new position in Eve Holding, Inc. (NYSE:EVEX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 47,017 shares of the company’s stock, valued at approximately $190,000. 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.