EVE (NYSE:EVEX) Shares Down 4.8% – Here’s What Happened

Shares of Eve Holding, Inc. (NYSE:EVEX) were down 4.8% during mid-day trading on Friday . The company traded as low as $3.36 and last traded at $3.34. Approximately 126,254 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 219,622 shares. The stock had previously closed at $3.51.

Analyst Ratings Changes

A number of research firms have recently weighed in on EVEX. TD Cowen upgraded shares of EVE to a “hold” rating in a report on Thursday, December 19th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 price objective on shares of EVE in a report on Friday, March 14th. HC Wainwright reiterated a “buy” rating and issued a $6.00 price objective on shares of EVE in a research report on Wednesday, March 12th. Finally, Canaccord Genuity Group raised their price target on EVE from $6.75 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd.

EVE Stock Down 3.6 %

The company’s fifty day simple moving average is $4.31 and its 200 day simple moving average is $3.93. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $1.01 billion, a PE ratio of -7.08 and a beta of 0.45.

EVE (NYSE:EVEX) last released its earnings results on Friday, March 14th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. Analysts anticipate that Eve Holding, Inc. will post -0.5 earnings per share for the current fiscal year.

Institutional Trading of EVE

A number of hedge funds have recently modified their holdings of the business. Connective Capital Management LLC purchased a new position in EVE during the 4th quarter valued at about $500,000. Squarepoint Ops LLC bought a new position in shares of EVE during the fourth quarter valued at approximately $200,000. Wexford Capital LP purchased a new position in shares of EVE during the fourth quarter valued at approximately $123,000. ProShare Advisors LLC bought a new stake in shares of EVE in the 4th quarter worth approximately $78,000. Finally, Nuveen Asset Management LLC grew its stake in shares of EVE by 161.4% in the 4th quarter. Nuveen Asset Management LLC now owns 94,129 shares of the company’s stock worth $512,000 after buying an additional 58,119 shares during the last quarter. Institutional investors own 1.27% of the company’s stock.

About EVE

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.