Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) saw strong trading volume on Wednesday . 1,620,068 shares changed hands during trading, an increase of 311% from the previous session's volume of 393,893 shares.The stock last traded at $5.32 and had previously closed at $4.97.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. Needham & Company LLC began coverage on shares of Vertical Aerospace in a report on Thursday. They issued a "buy" rating and a $9.00 price objective for the company. Canaccord Genuity Group decreased their target price on shares of Vertical Aerospace from $13.50 to $11.00 and set a "buy" rating on the stock in a report on Monday, July 14th. HC Wainwright restated a "buy" rating and set a $15.00 price target (up previously from $12.00) on shares of Vertical Aerospace in a report on Monday, June 9th. Finally, D. Boral Capital reiterated a "buy" rating and issued a $15.00 price objective on shares of Vertical Aerospace in a report on Thursday, July 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $10.83.
Read Our Latest Stock Analysis on Vertical Aerospace
Vertical Aerospace Stock Up 8.1%
The company's fifty day moving average is $5.71 and its two-hundred day moving average is $5.30.
Vertical Aerospace (NYSE:EVTL - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $4.44 EPS for the quarter, beating the consensus estimate of ($0.40) by $4.84. Equities analysts forecast that Vertical Aerospace Ltd. will post -3.95 EPS for the current year.
Hedge Funds Weigh In On Vertical Aerospace
Several hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. purchased a new stake in shares of Vertical Aerospace in the first quarter valued at about $102,000. XTX Topco Ltd acquired a new position in Vertical Aerospace in the 1st quarter valued at about $131,000. Connective Capital Management LLC purchased a new stake in Vertical Aerospace during the 4th quarter valued at approximately $189,000. Renaissance Technologies LLC acquired a new stake in Vertical Aerospace during the 4th quarter worth approximately $237,000. Finally, Bank of America Corp DE purchased a new position in shares of Vertical Aerospace in the 4th quarter valued at approximately $264,000. Hedge funds and other institutional investors 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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