EVE (NYSE:EVEX) Stock Jumps 9.4% – What’s Next?

Eve Holding, Inc. (NYSE:EVEX) shares shot up 9.4% on Thursday. The company traded as high as $1.55 and last traded at $1.5650. 417,413 shares traded hands during trading, a decline of 63% from the average daily volume of 1,129,832 shares. The stock had previously closed at $1.43.

Analysts Set New Price Targets

EVEX has been the topic of several analyst reports. Jefferies Financial Group set a $5.00 price objective on shares of EVE in a report on Wednesday, August 5th. Wall Street Zen lowered shares of EVE from a “sell” rating to a “strong sell” rating in a report on Sunday, October 4th. JPMorgan Chase & Co. lifted their target price on shares of EVE from $6.00 to $6.50 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of EVE in a research report on Tuesday, July 21st. Finally, D. Boral Capital assumed coverage on shares of EVE in a research report on Friday, August 21st. They set a “buy” rating and a $6.00 target price for the company. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5.93.

EVE Stock Up 14.3%

The business has a fifty day moving average of $2.20 and a 200 day moving average of $2.55. The firm has a market cap of $569.78 million, a P/E ratio of -2.64 and a beta of 1.19. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 13.65.

EVE (NYSE:EVEX) last released its earnings results on Tuesday, August 4th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.08. On average, equities research analysts predict that Eve Holding, Inc. will post -0.69 EPS for the current year.

Institutional Trading of EVE

A number of institutional investors and hedge funds have recently modified their holdings of EVEX. Sequoia Financial Advisors LLC acquired a new stake in shares of EVE in the 2nd quarter valued at approximately $25,000. Corient Private Wealth LP bought a new position in EVE during the 2nd quarter worth approximately $28,000. Themes Management Co LLC bought a new position in EVE during the 1st quarter worth approximately $30,000. R Squared Ltd acquired a new position in EVE during the first quarter valued at approximately $30,000. Finally, Pallas Capital Advisors LLC acquired a new position in EVE during the second quarter valued at approximately $30,000. 1.27% of the stock is owned by institutional investors.

EVE Company Profile

Eve Holding, Inc, doing business through its subsidiary Eve Air Mobility, develops electric vertical takeoff and landing (eVTOL) aircraft and related solutions for urban air mobility. Its aircraft are designed to support short, low-emission passenger flights, including air-taxi services, airport transfers and other point-to-point transportation applications.

In addition to its eVTOL aircraft, Eve is developing an urban air traffic management software platform intended to help coordinate and manage advanced air mobility operations.