Shares of Eve Holding, Inc. (NYSE:EVEX - Get Free Report) dropped 5% during mid-day trading on Friday . The company traded as low as $6.92 and last traded at $6.95. Approximately 298,125 shares traded hands during trading, an increase of 7% from the average daily volume of 277,749 shares. The stock had previously closed at $7.31.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on EVEX. HC Wainwright lifted their target price on EVE from $6.00 to $8.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Cantor Fitzgerald restated an "overweight" rating and issued a $5.00 price objective on shares of EVE in a research note on Monday, June 23rd.
Read Our Latest Research Report on EVE
EVE Price Performance
The stock has a market capitalization of $1.96 billion, a PE ratio of -11.99 and a beta of 0.85. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 1.87. The company's 50 day simple moving average is $5.72 and its 200 day simple moving average is $4.65.
EVE (NYSE:EVEX - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.03). On average, equities analysts anticipate that Eve Holding, Inc. will post -0.5 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in EVEX. Bank of New York Mellon Corp lifted its position in shares of EVE by 69.7% in the 4th quarter. Bank of New York Mellon Corp now owns 103,070 shares of the company's stock valued at $561,000 after acquiring an additional 42,344 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of EVE by 22.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 408,274 shares of the company's stock valued at $2,221,000 after purchasing an additional 75,542 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of EVE during the 4th quarter valued at $85,000. American Century Companies Inc. bought a new position in shares of EVE during the 4th quarter valued at $148,000. Finally, Sei Investments Co. bought a new position in shares of EVE during the 4th quarter valued at $108,000. 1.27% of the stock is currently owned by institutional investors.
EVE Company Profile
(
Get Free Report)
Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.
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