Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 442,923 shares traded hands 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.
Analyst Upgrades and Downgrades
EVTL has been the topic of a number of research analyst reports. D. Boral Capital started coverage on shares of Vertical Aerospace in a research note on Thursday, March 27th. They issued a "buy" rating and a $15.00 price target on the stock. HC Wainwright reiterated a "buy" rating and issued a $15.00 target price (up previously from $12.00) on shares of Vertical Aerospace in a research report on Monday, June 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $11.70.
Read Our Latest Stock Report on EVTL
Vertical Aerospace Price Performance
The stock has a 50 day moving average price of $5.05 and a 200-day moving average price of $5.62.
Vertical Aerospace (NYSE:EVTL - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $4.44 earnings per share for the quarter, beating analysts' consensus estimates of ($0.40) by $4.84. Research analysts predict that Vertical Aerospace Ltd. will post -3.95 EPS for the current fiscal year.
Hedge Funds Weigh In On Vertical Aerospace
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Connective Capital Management LLC acquired a new stake in Vertical Aerospace in the 4th quarter valued at about $189,000. Renaissance Technologies LLC acquired a new stake in shares of Vertical Aerospace in the fourth quarter valued at approximately $237,000. Bank of America Corp DE purchased a new position in Vertical Aerospace during the fourth quarter worth approximately $264,000. Jane Street Group LLC purchased a new position in Vertical Aerospace during the fourth quarter worth approximately $300,000. Finally, Goldman Sachs Group Inc. acquired a new position in Vertical Aerospace during the first quarter worth $102,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.
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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