Eve Holding, Inc. (NYSE:EVEX – Get Free Report)’s stock price hit a new 52-week low on Tuesday. The company traded as low as $1.67 and last traded at $1.6950, with a volume of 1022285 shares traded. The stock had previously closed at $1.74.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of EVE from $6.00 to $6.50 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. D. Boral Capital assumed coverage on shares of EVE in a research report on Friday, August 21st. They issued a “buy” rating and a $6.00 target price for the company. Jefferies Financial Group set a $5.00 price target on shares of EVE in a research report on Wednesday, August 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of EVE in a research report on Tuesday, July 21st. Finally, Wall Street Zen lowered shares of EVE from a “sell” rating to a “strong sell” rating in a research note on Sunday. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $5.93.
Read Our Latest Analysis on EVE
EVE Trading Down 0.3%
EVE (NYSE:EVEX – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.08. On average, equities research analysts expect that Eve Holding, Inc. will post -0.69 EPS for the current fiscal year.
Institutional Investors Weigh In On EVE
Several institutional investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC purchased a new stake in shares of EVE during the second quarter worth about $25,000. Arizona State Retirement System lifted its stake in shares of 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 acquired a new position in shares of EVE in the second quarter worth about $28,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of EVE during the 2nd quarter valued at approximately $354,000. Finally, SPX Gestao de Recursos Ltda purchased a new position in EVE in the 2nd quarter valued at about $1,041,000. 1.27% of the stock is currently owned by institutional investors and hedge funds.
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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