EVE (NYSE:EVEX) Shares Down 3.4% - Time to Sell?

Eve Holding, Inc. (NYSE:EVEX - Get Free Report)'s share price dropped 3.4% during mid-day trading on Tuesday . The stock traded as low as $5.10 and last traded at $5.11. Approximately 37,660 shares traded hands during trading, a decline of 85% from the average daily volume of 253,477 shares. The stock had previously closed at $5.29.

Wall Street Analyst Weigh In

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

EVE Stock Performance

The stock has a market cap of $1.63 billion, a PE ratio of -11.42 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 stock has a 50-day simple moving average of $4.05 and a 200-day simple moving average of $4.28.

EVE (NYSE:EVEX - Get Free Report) last issued 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). Equities 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 institutional investors have recently bought and sold shares of EVEX. SG Americas Securities LLC raised its stake in shares of EVE by 112.6% in the 4th quarter. SG Americas Securities LLC now owns 22,651 shares of the company's stock valued at $123,000 after acquiring an additional 11,996 shares during the period. Rhumbline Advisers increased its holdings in EVE by 80.7% in the 4th quarter. Rhumbline Advisers now owns 28,069 shares of the company's stock valued at $153,000 after purchasing an additional 12,539 shares in the last quarter. Bank of New York Mellon Corp raised its position in EVE by 69.7% in the fourth quarter. Bank of New York Mellon Corp now owns 103,070 shares of the company's stock valued at $561,000 after purchasing an additional 42,344 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of EVE by 22.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 408,274 shares of the company's stock worth $2,221,000 after purchasing an additional 75,542 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of EVE during the fourth quarter worth about $85,000. 1.27% of the stock is currently 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.