Eve Holding, Inc. (NYSE:EVEX - Get Free Report)'s share price traded down 6.8% on Friday . The company traded as low as $5.18 and last traded at $5.18. 37,803 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 257,875 shares. The stock had previously closed at $5.55.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on EVEX shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $5.00 price target on shares of EVE in a research note on Friday, March 14th. HC Wainwright lifted their price target on shares of EVE from $6.00 to $8.00 and gave the stock a "buy" rating in a research note on Monday, June 9th.
Check Out Our Latest Analysis on EVEX
EVE Stock Performance
The stock has a market capitalization of $1.51 billion, a PE ratio of -10.57 and a beta of 0.77. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.42. The business's 50 day moving average is $4.27 and its 200 day moving average is $4.35.
EVE (NYSE:EVEX - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.03). On average, equities research analysts predict that Eve Holding, Inc. will post -0.5 earnings per share for the current fiscal year.
Institutional Investors Weigh In On EVE
Several hedge funds have recently modified their holdings of EVEX. Summit Investment Advisors Inc. lifted its position in EVE by 257.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,345 shares of the company's stock valued at $29,000 after acquiring an additional 3,850 shares during the last quarter. Legal & General Group Plc lifted 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. BNP Paribas Financial Markets purchased a new stake in EVE during the fourth quarter valued at approximately $34,000. KLP Kapitalforvaltning AS purchased a new stake in EVE during the first quarter valued at approximately $39,000. Finally, Arizona State Retirement System purchased a new stake in EVE during the first quarter valued at approximately $57,000. Hedge funds and other institutional investors own 1.27% of the company's stock.
About EVE
(
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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