Vertical Aerospace (NYSE:EVTL) Trading Up 5.7%

Shares of Vertical Aerospace Ltd. (NYSE:EVTL) traded up 5.7% during trading on Monday . The company traded as high as $0.79 and last traded at $0.76. 280,180 shares were traded during trading, a decline of 31% from the average session volume of 404,193 shares. The stock had previously closed at $0.72.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised shares of Vertical Aerospace from a “hold” rating to a “buy” rating and boosted their target price for the company from $1.00 to $1.50 in a research note on Tuesday, February 20th.

Vertical Aerospace Stock Down 3.6 %

The stock’s 50 day moving average price is $0.82 and its two-hundred day moving average price is $0.80.

Vertical Aerospace (NYSE:EVTL) last posted its earnings results on Thursday, March 14th. The company reported ($0.11) EPS for the quarter. Research analysts predict that Vertical Aerospace Ltd. will post -0.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Vertical Aerospace

A hedge fund recently bought a new stake in Vertical Aerospace stock. Nomura Holdings Inc. bought a new position in shares of Vertical Aerospace Ltd. (NYSE:EVTL) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 150,000 shares of the company’s stock, valued at approximately $177,000. Nomura Holdings Inc. owned approximately 0.07% of Vertical Aerospace as of its most recent SEC filing. 81.17% of the stock is currently owned by institutional investors.

About Vertical Aerospace

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. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.