Vertical Aerospace (NYSE:EVTL) Trading Up 1.6% – What’s Next?

Vertical Aerospace Ltd. (NYSE:EVTL)’s stock price traded up 1.6% on Tuesday . The company traded as high as $5.75 and last traded at $5.6780. 1,143,541 shares were traded during mid-day trading, a decline of 5% from the average session volume of 1,202,987 shares. The stock had previously closed at $5.59.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EVTL shares. Needham & Company LLC restated a “buy” rating and set a $11.00 target price (up previously from $9.00) on shares of Vertical Aerospace in a research report on Monday. HC Wainwright reissued a “buy” rating and set a $15.00 price target on shares of Vertical Aerospace in a research note on Thursday, September 18th. Canaccord Genuity Group restated a “buy” rating and set a $11.00 price objective on shares of Vertical Aerospace in a report on Monday, September 22nd. Cantor Fitzgerald reiterated an “overweight” rating on shares of Vertical Aerospace in a research note on Monday, November 10th. Finally, D. Boral Capital reiterated a “buy” rating and set a $14.00 target price on shares of Vertical Aerospace in a research report on Wednesday, December 3rd. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Vertical Aerospace has a consensus rating of “Moderate Buy” and a consensus price target of $11.80.

Vertical Aerospace Trading Up 1.6%

The firm has a market capitalization of $559.44 million, a PE ratio of -0.12 and a beta of 1.23. The firm has a 50-day moving average of $4.91 and a two-hundred day moving average of $5.36.

Vertical Aerospace (NYSE:EVTL) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.09). Equities research analysts expect that Vertical Aerospace Ltd. will post -3.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vertical Aerospace

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Inherent Management Corp. acquired a new stake in Vertical Aerospace in the 1st quarter valued at $1,109,000. Goldman Sachs Group Inc. acquired a new position in shares of Vertical Aerospace during the first quarter worth about $102,000. Rathbones Group PLC purchased a new stake in shares of Vertical Aerospace in the second quarter worth about $356,000. CreativeOne Wealth LLC acquired a new stake in shares of Vertical Aerospace in the second quarter valued at about $91,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Vertical Aerospace in the third quarter valued at about $65,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Vertical Aerospace Company 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.