Vertical Aerospace (NYSE:EVTL - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported ($2.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($1.92), Zacks reports.
Vertical Aerospace Trading Up 0.8%
Vertical Aerospace stock traded up $0.04 during mid-day trading on Friday, hitting $5.33. The company had a trading volume of 1,207,531 shares, compared to its average volume of 2,357,655. The stock's 50 day moving average price is $5.94 and its two-hundred day moving average price is $4.89. Vertical Aerospace has a 12 month low of $2.76 and a 12 month high of $15.99. The company has a market capitalization of $515.30 million, a PE ratio of -0.11 and a beta of 1.25.
Analyst Upgrades and Downgrades
EVTL has been the topic of several research reports. Wall Street Zen lowered Vertical Aerospace from a "hold" rating to a "sell" rating in a research report on Saturday. Needham & Company LLC initiated coverage on Vertical Aerospace in a research report on Thursday, July 17th. They set a "buy" rating and a $9.00 price target on the stock. Canaccord Genuity Group dropped their price target on Vertical Aerospace from $13.50 to $11.00 and set a "buy" rating on the stock in a research report on Monday, July 14th. HC Wainwright restated a "buy" rating and set a $15.00 price target (up from $12.00) on shares of Vertical Aerospace in a research report on Monday, June 9th. Finally, D. Boral Capital restated a "buy" rating and set a $15.00 price target on shares of Vertical Aerospace in a research report on Tuesday, July 22nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $10.83.
View Our Latest Stock Analysis on Vertical Aerospace
Institutional Investors Weigh In On Vertical Aerospace
A hedge fund recently bought a new stake in Vertical Aerospace stock. Goldman Sachs Group Inc. purchased a new position in Vertical Aerospace Ltd. (NYSE:EVTL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 30,305 shares of the company's stock, valued at approximately $102,000. Institutional investors and hedge funds own 81.17% of the company's stock.
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.
Featured Articles

Before you consider Vertical Aerospace, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vertical Aerospace wasn't on the list.
While Vertical Aerospace currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.