EVE (NYSE:EVEX) Stock Price Down 6.8% - Here's What Happened

Eve Holding, Inc. (NYSE:EVEX - Get Free Report)'s share price was down 6.8% on Friday . The company traded as low as $5.18 and last traded at $5.18. Approximately 37,803 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 257,875 shares. The stock had previously closed at $5.55.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EVEX. Cantor Fitzgerald restated an "overweight" rating and set a $5.00 target price on shares of EVE in a research report on Friday, March 14th. HC Wainwright increased their price target on EVE from $6.00 to $8.00 and gave the stock a "buy" rating in a research report on Monday, June 9th.

EVE Stock Up 14.2%

The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -12.06 and a beta of 0.77. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 5.21. The business has a fifty day moving average of $4.27 and a 200 day moving average of $4.35.

EVE (NYSE:EVEX - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.03). As a group, equities analysts predict that Eve Holding, Inc. will post -0.5 earnings per share for the current year.

Institutional Investors Weigh In On EVE

A number of institutional investors and hedge funds have recently made changes to their positions in EVEX. American Century Companies Inc. boosted its position in shares of EVE by 1,292.4% during the 1st quarter. American Century Companies Inc. now owns 379,694 shares of the company's stock worth $1,261,000 after purchasing an additional 352,424 shares during the period. Geode Capital Management LLC lifted its stake in EVE by 29.0% during the fourth quarter. Geode Capital Management LLC now owns 1,096,885 shares of the company's stock worth $5,969,000 after purchasing an additional 246,863 shares in the last quarter. Northern Trust Corp boosted its position in shares of EVE by 89.7% during the fourth quarter. Northern Trust Corp now owns 420,000 shares of the company's stock worth $2,285,000 after buying an additional 198,627 shares during the period. JPMorgan Chase & Co. grew its stake in shares of EVE by 380.2% in the fourth quarter. JPMorgan Chase & Co. now owns 186,462 shares of the company's stock valued at $1,014,000 after buying an additional 147,632 shares in the last quarter. Finally, Swiss National Bank acquired a new stake in shares of EVE in the first quarter valued at $383,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

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.