Vertical Aerospace Ltd. (NYSE:EVTL) Shares Purchased by Mudrick Capital Management L.P.

Mudrick Capital Management L.P. boosted its position in Vertical Aerospace Ltd. (NYSE:EVTL) by 11,735.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,343,585 shares of the company’s stock after buying an additional 46,943,585 shares during the period. Vertical Aerospace makes up approximately 100.0% of Mudrick Capital Management L.P.’s investment portfolio, making the stock its largest holding. Mudrick Capital Management L.P. owned 68.07% of Vertical Aerospace worth $595,582,000 at the end of the most recent quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. HC Wainwright began coverage on Vertical Aerospace in a report on Friday, February 7th. They issued a “buy” rating and a $12.00 price objective for the company. D. Boral Capital started coverage on Vertical Aerospace in a research report on Thursday, March 27th. They set a “buy” rating and a $15.00 price target for the company. Finally, Canaccord Genuity Group lowered their price objective on Vertical Aerospace from $16.00 to $13.50 and set a “buy” rating on the stock in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.10.

Vertical Aerospace Trading Down 6.4 %

Shares of EVTL stock opened at $3.00 on Monday. Vertical Aerospace Ltd. has a 12-month low of $2.80 and a 12-month high of $15.99. The business’s 50 day moving average is $4.35 and its two-hundred day moving average is $7.67.

Vertical Aerospace (NYSE:EVTL) last announced its earnings results on Thursday, March 13th. The company reported ($46.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.74) by ($45.51). On average, equities analysts predict that Vertical Aerospace Ltd. will post -3.95 earnings per share for the current year.

Vertical Aerospace 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. Vertical Aerospace Ltd.