EVE (NYSE:EVEX) Trading Up 5.3%

Eve Holding, Inc. (NYSE:EVEX)’s share price was up 5.3% during mid-day trading on Wednesday . The company traded as high as $3.19 and last traded at $3.17. Approximately 116,310 shares traded hands during mid-day trading, an increase of 0% from the average daily volume of 115,799 shares. The stock had previously closed at $3.01.

Wall Street Analysts Forecast Growth

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

EVE Trading Up 4.3 %

The firm has a market capitalization of $911.04 million, a PE ratio of -6.69 and a beta of 0.35. The business’s 50-day moving average price is $2.87 and its 200-day moving average price is $4.11. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.87 and a quick ratio of 3.87.

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

Institutional Trading of EVE

An institutional investor recently bought a new position in EVE stock. Blair William & Co. IL purchased a new stake in Eve Holding, Inc. (NYSE:EVEX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 47,017 shares of the company’s stock, valued at approximately $190,000. 1.27% of the stock is owned by institutional investors and hedge funds.

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.