Shares of Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $11.70.
Several brokerages have recently weighed in on EVTL. HC Wainwright raised their price target on shares of Vertical Aerospace from $12.00 to $15.00 and gave the stock a "buy" rating in a research note on Monday. D. Boral Capital started coverage on shares of Vertical Aerospace in a research report on Thursday, March 27th. They issued a "buy" rating and a $15.00 target price for the company.
Get Our Latest Stock Report on EVTL
Institutional Investors Weigh In On Vertical Aerospace
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mudrick Capital Management L.P. grew its stake in shares of Vertical Aerospace by 11,735.9% in the fourth quarter. Mudrick Capital Management L.P. now owns 47,343,585 shares of the company's stock valued at $595,582,000 after buying an additional 46,943,585 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Vertical Aerospace in the 4th quarter valued at about $300,000. Renaissance Technologies LLC bought a new position in shares of Vertical Aerospace in the 4th quarter valued at about $237,000. Connective Capital Management LLC acquired a new position in shares of Vertical Aerospace during the 4th quarter worth about $189,000. Finally, Marshall Wace LLP bought a new stake in shares of Vertical Aerospace in the 4th quarter valued at about $630,000. Institutional investors own 81.17% of the company's stock.
Vertical Aerospace Stock Performance
EVTL stock traded down $0.42 during midday trading on Tuesday, hitting $5.79. 1,280,987 shares of the company's stock were exchanged, compared to its average volume of 237,517. Vertical Aerospace has a one year low of $2.76 and a one year high of $15.99. The stock's fifty day moving average price is $4.35 and its 200-day moving average price is $5.83.
Vertical Aerospace (NYSE:EVTL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $4.44 EPS for the quarter, topping analysts' consensus estimates of ($0.40) by $4.84. As a group, research analysts forecast that Vertical Aerospace will post -3.95 earnings per share for the current year.
About Vertical Aerospace
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Get Free ReportVertical 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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