EVE (NYSE:EVEX) Trading Up 7.8% - Here's What Happened

Eve Holding, Inc. (NYSE:EVEX - Get Free Report) rose 7.8% during trading on Tuesday . The stock traded as high as $4.67 and last traded at $4.72. Approximately 12,912 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 250,931 shares. The stock had previously closed at $4.38.

Wall Street Analysts Forecast Growth

EVEX has been the topic of several recent analyst reports. HC Wainwright reaffirmed a "buy" rating and issued a $6.00 price target on shares of EVE in a research report on Wednesday, March 12th. Cantor Fitzgerald reissued an "overweight" rating and issued a $5.00 price objective on shares of EVE in a research note on Friday, March 14th.

EVE Stock Performance

The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -10.19 and a beta of 0.53. The stock has a 50-day moving average price of $3.74 and a 200-day moving average price of $4.16. 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 released its quarterly earnings data 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). As a group, analysts forecast that Eve Holding, Inc. will post -0.5 earnings per share for the current year.

Hedge Funds Weigh In On EVE

A number of large investors have recently made changes to their positions in the company. Legal & General Group Plc increased its stake in shares of 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 purchasing an additional 3,001 shares during the period. Summit Investment Advisors Inc. increased its stake in EVE by 257.5% during the 4th 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. BNP Paribas Financial Markets bought a new position in EVE during the 4th quarter worth $34,000. Jane Street Group LLC increased its stake in EVE by 64.8% during the 4th quarter. Jane Street Group LLC now owns 17,322 shares of the company's stock worth $94,000 after acquiring an additional 6,810 shares during the period. Finally, Rhumbline Advisers increased its stake 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 purchasing an additional 7,154 shares during the last quarter. Institutional investors own 1.27% of the company's stock.

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.

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