Vertical Aerospace (NYSE:EVTL) Sees Large Volume Increase - Time to Buy?

Shares of Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) 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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. D. Boral Capital assumed coverage on shares of Vertical Aerospace in a research note on Thursday, March 27th. They set a "buy" rating and a $15.00 price target for the company. HC Wainwright reaffirmed a "buy" rating and set 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 company's stock. According to MarketBeat, Vertical Aerospace currently has an average rating of "Moderate Buy" and a consensus target price of $11.70.

Vertical Aerospace Stock Performance

The company's 50-day moving average price is $4.78 and its two-hundred day moving average price is $5.72.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $4.44 EPS for the quarter, topping analysts' consensus estimates of ($0.40) by $4.84. Research analysts anticipate that Vertical Aerospace Ltd. will post -3.95 EPS for the current year.

Institutional Investors Weigh In On Vertical Aerospace

A number of large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new stake in Vertical Aerospace in the first quarter worth $102,000. Inherent Management Corp. acquired a new stake in Vertical Aerospace in the first quarter worth $1,109,000. XTX Topco Ltd acquired a new stake in Vertical Aerospace in the first quarter worth $131,000. Connective Capital Management LLC acquired a new stake in Vertical Aerospace in the fourth quarter worth $189,000. Finally, Bank of America Corp DE acquired a new stake in Vertical Aerospace in the fourth quarter worth $264,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Vertical Aerospace Company Profile

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.