EVE (NYSE:EVEX) Shares Gap Up - Time to Buy?

Key Points

• Gapped up: EVE shares opened at $2.90 (last $2.8210) on volume ~238,147 but remain below their 50‑day ($3.66) and 200‑day ($4.04) moving averages.
• Analyst sentiment is mixed: four Buys, two Holds and one Sell yield an average MarketBeat rating of "Hold" and an average price target of $6.47, with Cantor Fitzgerald "overweight" and Goldman Sachs "neutral" at $4.84.
• Fundamentals/ownership: market cap ≈ $968M with a negative P/E (-4.25) and strong liquidity (quick/current ratio 5.21); institutional ownership is low (~1.27%) despite recent purchases by AQR, Itau and Sagil.

Eve Holding, Inc. (NYSE:EVEX - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $2.78, but opened at $2.90. EVE shares last traded at $2.8210, with a volume of 238,147 shares.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EVEX. Cantor Fitzgerald restated an "overweight" rating on shares of EVE in a research report on Monday, February 9th. The Goldman Sachs Group assumed coverage on shares of EVE in a research report on Monday, December 1st. They issued a "neutral" rating and a $4.84 price objective on the stock. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $6.47.

EVE Price Performance

The stock has a market cap of $967.93 million, a P/E ratio of -4.25 and a beta of 0.88. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 0.91. The business's 50-day simple moving average is $3.66 and its two-hundred day simple moving average is $4.04.

Institutional Investors Weigh In On EVE

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its position in shares of EVE by 167.8% during the first quarter. AQR Capital Management LLC now owns 52,456 shares of the company's stock worth $174,000 after acquiring an additional 32,868 shares in the last quarter. Strs Ohio bought a new stake in shares of EVE during the 1st quarter valued at $75,000. Rhumbline Advisers raised its stake in shares of EVE by 25.5% during the 1st quarter. Rhumbline Advisers now owns 35,223 shares of the company's stock valued at $117,000 after purchasing an additional 7,154 shares during the period. Itau Unibanco Holding S.A. lifted its holdings in EVE by 236.9% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 80,000 shares of the company's stock worth $549,000 after purchasing an additional 56,252 shares in the last quarter. Finally, Sagil Capital LLP bought a new position in EVE in the 2nd quarter worth about $1,908,000. Institutional investors 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.

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