Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) shares saw strong trading volume on Monday . 253,511 shares traded hands during trading, an increase of 1% from the previous session's volume of 251,481 shares.The stock last traded at $6.10 and had previously closed at $5.71.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. 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 price objective for the company. HC Wainwright restated a "buy" rating and issued a $15.00 price target (up previously from $12.00) on shares of Vertical Aerospace in a research note on Monday, June 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Vertical Aerospace currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.70.
Check Out Our Latest Analysis on Vertical Aerospace
Vertical Aerospace Trading Up 3.9%
The company's fifty day simple moving average is $4.63 and its 200-day simple moving average is $5.74.
Vertical Aerospace (NYSE:EVTL - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported $4.44 earnings per share for the quarter, topping the consensus estimate of ($0.40) by $4.84. As a group, equities research analysts predict that Vertical Aerospace Ltd. will post -3.95 EPS for the current year.
Hedge Funds Weigh In On Vertical Aerospace
A number of hedge funds have recently made changes to their positions in the company. Connective Capital Management LLC purchased a new stake in shares of Vertical Aerospace in the fourth quarter valued at approximately $189,000. Renaissance Technologies LLC acquired a new position in Vertical Aerospace during the fourth quarter worth $237,000. Bank of America Corp DE purchased a new stake in Vertical Aerospace in the 4th quarter valued at $264,000. Jane Street Group LLC purchased a new stake in Vertical Aerospace in the 4th quarter valued at $300,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Vertical Aerospace in the 1st quarter worth $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.
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