Shares of Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 388,738 shares were traded during trading, an increase of 92% from the previous session's volume of 202,343 shares.The stock last traded at $6.23 and had previously closed at $6.16.
Wall Street Analyst Weigh In
A number of brokerages have commented on EVTL. HC Wainwright started coverage on shares of Vertical Aerospace in a report on Friday, February 7th. They set a "buy" rating and a $12.00 target price for the company. 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 target price for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Vertical Aerospace currently has an average rating of "Moderate Buy" and a consensus target price of $11.10.
Read Our Latest Report on Vertical Aerospace
Vertical Aerospace Stock Performance
The firm's 50 day simple moving average is $4.04 and its 200 day simple moving average is $5.80.
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 (EPS) for the quarter, beating analysts' consensus estimates of ($0.40) by $4.84. Equities research analysts predict that Vertical Aerospace Ltd. will post -3.95 earnings per share for the current year.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of EVTL. Goldman Sachs Group Inc. purchased a new position in Vertical Aerospace in the 1st quarter valued at $102,000. XTX Topco Ltd purchased a new stake in Vertical Aerospace in the 1st quarter valued at about $131,000. Connective Capital Management LLC purchased a new stake in shares of Vertical Aerospace during the 4th quarter worth about $189,000. Renaissance Technologies LLC acquired a new position in Vertical Aerospace during the 4th quarter worth approximately $237,000. Finally, Bank of America Corp DE acquired a new position in shares of Vertical Aerospace in the 4th quarter valued at approximately $264,000. Institutional investors and hedge funds own 81.17% of the company's stock.
Vertical Aerospace Company Profile
(
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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