Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) shares saw unusually-high trading volume on Tuesday after Canaccord Genuity Group raised their price target on the stock from $15.00 to $16.00. Canaccord Genuity Group currently has a buy rating on the stock. 434,433 shares were traded during mid-day trading, an increase of 85% from the previous session's volume of 235,013 shares.The stock last traded at $5.96 and had previously closed at $6.20.
Separately, Barclays lifted their price target on Vertical Aerospace from $0.75 to $2.00 and gave the company an "underweight" rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Vertical Aerospace presently has an average rating of "Moderate Buy" and a consensus price target of $11.70.
Read Our Latest Stock Report on EVTL
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVTL. Mudrick Capital Management L.P. lifted its position in Vertical Aerospace by 11,735.9% in the 4th quarter. Mudrick Capital Management L.P. now owns 47,343,585 shares of the company's stock worth $595,582,000 after buying an additional 46,943,585 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Vertical Aerospace in the fourth quarter worth $237,000. Marshall Wace LLP purchased a new stake in shares of Vertical Aerospace during the fourth quarter worth $630,000. Jane Street Group LLC purchased a new stake in shares of Vertical Aerospace during the fourth quarter worth $300,000. Finally, Bank of America Corp DE acquired a new stake in Vertical Aerospace during the fourth quarter valued at $264,000. 81.17% of the stock is owned by hedge funds and other institutional investors.
Vertical Aerospace Price Performance
The business has a 50 day simple moving average of $4.57 and a 200 day simple moving average of $5.81.
Vertical Aerospace (NYSE:EVTL - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $4.44 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $4.84. As a group, equities research analysts forecast that Vertical Aerospace Ltd. will post -3.95 EPS for the current fiscal year.
About Vertical Aerospace
(
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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