EVE (NYSE:EVEX) Announces Earnings Results

EVE (NYSE:EVEX) released its earnings results on Monday. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.04), FiscalAI reports.

EVE Price Performance

Shares of NYSE EVEX traded up $0.02 during mid-day trading on Monday, reaching $2.78. The company had a trading volume of 1,075,516 shares, compared to its average volume of 1,114,283. The business’s 50-day simple moving average is $3.63 and its 200 day simple moving average is $4.03. The firm has a market cap of $966.53 million, a price-to-earnings ratio of -4.27 and a beta of 0.88. The company has a debt-to-equity ratio of 0.91, a quick ratio of 5.21 and a current ratio of 5.21. EVE has a one year low of $2.68 and a one year high of $7.70.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EVEX. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of EVE in a report on Monday, February 9th. The Goldman Sachs Group initiated coverage on EVE in a research report on Monday, December 1st. They set a “neutral” rating and a $4.84 price target on the stock. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, EVE currently has a consensus rating of “Hold” and an average target price of $6.47.

Hedge Funds Weigh In On EVE

A number of institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised its stake in EVE by 144.8% during the second quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock worth $36,000 after acquiring an additional 3,121 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in EVE in the second quarter valued at $69,000. Schonfeld Strategic Advisors LLC bought a new position in EVE during the 3rd quarter worth $42,000. Mariner LLC acquired a new position in shares of EVE in the fourth quarter worth approximately $49,000. Finally, Abel Hall LLC acquired a new position in shares of EVE in the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

EVE Company Profile

Eve Holding, Inc (NYSE: EVEX) is the publicly traded parent of Eve Air Mobility, a company dedicated to developing sustainable urban air mobility solutions. Through its engineering and design capabilities, Eve focuses on creating electric vertical takeoff and landing (eVTOL) aircraft tailored for short-haul passenger and cargo transport in densely populated areas.

The company’s flagship offering is an eVTOL aircraft designed to deliver clean, quiet and efficient point-to-point service, backed by an integrated digital platform for air traffic management.