Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 442,923 shares were traded during trading, an increase of 62% from the previous session's volume of 273,748 shares.The stock last traded at $6.27 and had previously closed at $6.20.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on EVTL shares. D. Boral Capital initiated coverage on Vertical Aerospace in a report on Thursday, March 27th. They issued a "buy" rating and a $15.00 target price on the stock. HC Wainwright reaffirmed a "buy" rating and issued a $15.00 price objective (up from $12.00) on shares of Vertical Aerospace in a research note on Monday, June 9th. One investment 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.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $11.70.
Get Our Latest Stock Analysis on Vertical Aerospace
Vertical Aerospace Price Performance
The firm has a 50-day simple moving average of $4.98 and a 200 day simple moving average of $5.65.
Vertical Aerospace (NYSE:EVTL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $4.44 EPS for the quarter, topping analysts' consensus estimates of ($0.40) by $4.84. As a group, equities research analysts anticipate that Vertical Aerospace Ltd. will post -3.95 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in EVTL. Connective Capital Management LLC acquired a new stake in shares of Vertical Aerospace during the 4th quarter valued at approximately $189,000. Renaissance Technologies LLC bought a new position in shares of Vertical Aerospace in the 4th quarter worth about $237,000. Bank of America Corp DE acquired a new position in shares of Vertical Aerospace in the 4th quarter valued at about $264,000. Jane Street Group LLC bought a new stake in shares of Vertical Aerospace during the 4th quarter valued at about $300,000. Finally, Goldman Sachs Group Inc. bought a new position in Vertical Aerospace in the first quarter worth about $102,000. 81.17% of the stock is currently owned by institutional investors.
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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