Shares of Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) have received an average rating of "Moderate Buy" from the eight ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $10.4286.
A number of analysts have recently commented on the stock. HC Wainwright reissued a "buy" rating and issued a $15.00 price objective on shares of Vertical Aerospace in a research report on Thursday. Needham & Company LLC reissued a "buy" rating and issued a $9.00 price objective on shares of Vertical Aerospace in a research report on Thursday. Canaccord Genuity Group cut their price objective on shares of Vertical Aerospace from $13.50 to $11.00 and set a "buy" rating on the stock in a research report on Monday, July 14th. D. Boral Capital reaffirmed a "buy" rating and set a $15.00 price target on shares of Vertical Aerospace in a research report on Thursday. Finally, Wall Street Zen lowered shares of Vertical Aerospace from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th.
Read Our Latest Report on Vertical Aerospace
Institutional Trading of Vertical Aerospace
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Watts Gwilliam & Co. LLC bought a new stake in Vertical Aerospace during the second quarter worth $102,000. Squarepoint Ops LLC raised its position in Vertical Aerospace by 429.6% during the second quarter. Squarepoint Ops LLC now owns 140,018 shares of the company's stock worth $948,000 after acquiring an additional 113,580 shares in the last quarter. Engineers Gate Manager LP bought a new stake in Vertical Aerospace during the second quarter worth $123,000. Jane Street Group LLC bought a new stake in Vertical Aerospace during the second quarter worth $833,000. Finally, Raymond James Financial Inc. bought a new stake in Vertical Aerospace during the second quarter worth $102,000. 81.17% of the stock is owned by institutional investors.
Vertical Aerospace Stock Up 10.2%
Shares of EVTL stock traded up $0.53 during trading on Thursday, reaching $5.72. The company's stock had a trading volume of 3,371,782 shares, compared to its average volume of 901,918. The business has a fifty day moving average price of $5.41 and a 200-day moving average price of $4.90. The company has a market cap of $563.58 million, a price-to-earnings ratio of -0.11 and a beta of 1.24. Vertical Aerospace has a one year low of $2.76 and a one year high of $15.99.
Vertical Aerospace (NYSE:EVTL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($2.35) EPS for the quarter, missing analysts' consensus estimates of ($0.43) by ($1.92). Research analysts anticipate that Vertical Aerospace will post -3.95 EPS for the current year.
Vertical Aerospace Company Profile
(
Get Free Report)
Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd.
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