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. Approximately 434,433 shares were traded during 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 upped their price target on shares of Vertical Aerospace from $0.75 to $2.00 and gave the stock an "underweight" rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $11.70.
View Our Latest Report on EVTL
Institutional Investors Weigh In On Vertical Aerospace
Institutional investors and hedge funds have recently made changes to their positions in the business. Mudrick Capital Management L.P. boosted its position in shares of 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. Jane Street Group LLC purchased a new position in Vertical Aerospace in the 4th quarter valued at about $300,000. Renaissance Technologies LLC purchased a new position in Vertical Aerospace in the 4th quarter valued at about $237,000. Connective Capital Management LLC purchased a new position in Vertical Aerospace in the 4th quarter valued at about $189,000. Finally, Marshall Wace LLP purchased a new position in Vertical Aerospace in the 4th quarter valued at about $630,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.
Vertical Aerospace Stock Up 3.7%
The stock's fifty day simple moving average is $4.46 and its 200-day simple moving average is $5.83.
Vertical Aerospace (NYSE:EVTL - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported $4.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.40) by $4.84. As a group, equities research analysts predict that Vertical Aerospace Ltd. will post -3.95 earnings per share for the current 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.
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
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
