EVE (NYSE:EVEX) Stock Price Up 10.3% - Here's Why

Eve Holding, Inc. (NYSE:EVEX - Get Free Report)'s share price traded up 10.3% on Friday . The stock traded as high as $3.88 and last traded at $3.87. 53,377 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 238,516 shares. The stock had previously closed at $3.51.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $5.00 price target on shares of EVE in a report on Friday, March 14th. HC Wainwright reiterated a "buy" rating and issued a $6.00 price objective on shares of EVE in a research note on Wednesday, March 12th.

EVE Stock Performance

The stock has a 50 day simple moving average of $3.55 and a two-hundred day simple moving average of $4.04. The company has a market cap of $1.12 billion, a PE ratio of -7.85 and a beta of 0.53. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 5.21.

EVE (NYSE:EVEX - Get Free Report) last issued its earnings results on Friday, March 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.15) by $0.01. Equities analysts predict that Eve Holding, Inc. will post -0.5 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EVEX. Legal & General Group Plc increased its position in EVE by 118.0% during the fourth quarter. Legal & General Group Plc now owns 5,545 shares of the company's stock valued at $30,000 after acquiring an additional 3,001 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in shares of EVE by 257.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,345 shares of the company's stock worth $29,000 after purchasing an additional 3,850 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of EVE during the fourth quarter valued at $34,000. Jane Street Group LLC increased its holdings in EVE by 64.8% in the 4th quarter. Jane Street Group LLC now owns 17,322 shares of the company's stock valued at $94,000 after purchasing an additional 6,810 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of EVE by 25.5% in the 1st quarter. Rhumbline Advisers now owns 35,223 shares of the company's stock valued at $117,000 after acquiring an additional 7,154 shares during the last quarter. 1.27% of the stock is owned by institutional investors and hedge funds.

EVE Company Profile

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.