EVE (NYSE:EVEX) Trading Down 3.9% – Should You Sell?

by · The Markets Daily

Shares of Eve Holding, Inc. (NYSE:EVEX – Get Free Report) dropped 3.9% during mid-day trading on Wednesday . The company traded as low as $3.88 and last traded at $3.95. Approximately 95,996 shares traded hands during trading, a decline of 35% from the average daily volume of 147,628 shares. The stock had previously closed at $4.11.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EVEX. HC Wainwright assumed coverage on EVE in a research note on Tuesday, September 3rd. They set a “buy” rating and a $6.00 price target for the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 target price on shares of EVE in a research report on Tuesday, November 5th.

Check Out Our Latest Stock Report on EVEX

EVE Stock Performance

The company has a market cap of $1.21 billion, a P/E ratio of -8.56 and a beta of 0.37. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. The stock’s 50-day moving average price is $3.21 and its 200 day moving average price is $3.52.

EVE (NYSE:EVEX – Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01. During the same quarter in the prior year, the business posted ($0.11) earnings per share. As a group, research analysts expect that Eve Holding, Inc. will post -0.5 EPS for the current fiscal year.

Institutional Trading of EVE

Several institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in EVE during the third quarter worth about $35,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in EVE during the third quarter worth about $40,000. Franklin Resources Inc. bought a new stake in EVE during the third quarter worth about $53,000. Readystate Asset Management LP bought a new stake in EVE during the third quarter worth about $83,000. Finally, Barclays PLC grew its stake in EVE by 594.1% during the third quarter. Barclays PLC now owns 43,931 shares of the company’s stock worth $141,000 after buying an additional 37,602 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

About EVE

(Get Free Report)

Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.

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