Shares of Eve Holding, Inc. (NYSE:EVEX - Get Free Report) rose 7.6% on Wednesday . The stock traded as high as $7.10 and last traded at $7.09. Approximately 69,897 shares traded hands during trading, a decline of 75% from the average daily volume of 279,033 shares. The stock had previously closed at $6.59.
Wall Street Analyst Weigh In
EVEX has been the subject of several recent analyst reports. HC Wainwright boosted their target price on EVE from $6.00 to $8.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $5.00 price target on shares of EVE in a research report on Monday, June 23rd.
Get Our Latest Stock Report on EVEX
EVE Stock Performance
The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -13.22 and a beta of 0.85. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 1.87. The stock has a fifty day moving average price of $5.03 and a 200-day moving average price of $4.53.
EVE (NYSE:EVEX - Get Free Report) last released its earnings results on Monday, May 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.03). On average, analysts expect that Eve Holding, Inc. will post -0.5 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Summit Investment Advisors Inc. grew its holdings in 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 acquiring an additional 3,850 shares during the period. Legal & General Group Plc grew its holdings in EVE by 118.0% during the fourth quarter. Legal & General Group Plc now owns 5,545 shares of the company's stock worth $30,000 after acquiring an additional 3,001 shares during the period. BNP Paribas Financial Markets acquired a new position in EVE during the fourth quarter worth $34,000. KLP Kapitalforvaltning AS acquired a new position in EVE during the first quarter worth $39,000. Finally, Arizona State Retirement System acquired a new position in EVE during the first quarter worth $57,000. Institutional investors and hedge funds own 1.27% of the company's stock.
About EVE
(
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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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