Eve Holding, Inc. (NYSE:EVEX – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $5.93.
A number of equities research analysts have issued reports on EVEX shares. Jefferies Financial Group set a $5.00 price target on shares of EVE in a report on Wednesday, August 5th. D. Boral Capital started coverage on EVE in a research note on Friday, August 21st. They issued a “buy” rating and a $6.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on EVE from $6.00 to $6.50 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Wall Street Zen cut EVE from a “sell” rating to a “strong sell” rating in a research report on Sunday, October 4th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of EVE in a research report on Tuesday, July 21st.
Read Our Latest Stock Analysis on EVE
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC bought a new position in EVE during the second quarter worth $25,000. Arizona State Retirement System boosted its holdings in EVE by 37.7% in the 2nd quarter. Arizona State Retirement System now owns 26,430 shares of the company’s stock valued at $66,000 after purchasing an additional 7,235 shares during the period. Corient Private Wealth LP bought a new stake in EVE in the 2nd quarter valued at $28,000. Susquehanna Fundamental Investments LLC acquired a new stake in EVE in the 2nd quarter worth $354,000. Finally, SPX Gestao de Recursos Ltda acquired a new stake in EVE in the 2nd quarter worth $1,041,000. 1.27% of the stock is owned by institutional investors.
EVE Price Performance
NYSE EVEX opened at $1.62 on Friday. EVE has a 1 year low of $1.41 and a 1 year high of $5.16. The company has a fifty day simple moving average of $2.16 and a 200 day simple moving average of $2.54. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 13.65. The company has a market cap of $566.30 million, a P/E ratio of -2.62 and a beta of 1.19.
EVE (NYSE:EVEX – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.08. On average, sell-side analysts predict that EVE will post -0.69 EPS for the current year.
About EVE
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.
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