Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $6.80, but opened at $6.53. Vertical Aerospace shares last traded at $6.00, with a volume of 1,171,378 shares traded.
Analysts Set New Price Targets
Several analysts have issued reports on EVTL shares. D. Boral Capital reissued a "buy" rating and issued a $15.00 price objective on shares of Vertical Aerospace in a research note on Tuesday. Canaccord Genuity Group cut their price objective 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 reissued a "buy" rating and set a $15.00 price objective (up from $12.00) on shares of Vertical Aerospace in a report on Monday, June 9th. Finally, Needham & Company LLC started coverage on shares of Vertical Aerospace in a report on Thursday, July 17th. They set a "buy" rating and a $9.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $10.83.
Get Our Latest Report on Vertical Aerospace
Vertical Aerospace Trading Down 4.4%
The business's 50-day moving average is $5.81 and its 200-day moving average is $5.20.
Vertical Aerospace (NYSE:EVTL - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported $4.44 earnings per share for the quarter, topping the consensus estimate of ($0.40) by $4.84. Equities analysts anticipate that Vertical Aerospace Ltd. will post -3.95 EPS for the current fiscal year.
Institutional Trading of Vertical Aerospace
Several hedge funds have recently made changes to their positions in the company. Connective Capital Management LLC acquired a new stake in Vertical Aerospace during the 4th quarter worth approximately $189,000. Renaissance Technologies LLC acquired a new stake in Vertical Aerospace during the 4th quarter worth approximately $237,000. Bank of America Corp DE acquired a new stake in Vertical Aerospace during the 4th quarter worth approximately $264,000. Jane Street Group LLC acquired a new stake in shares of Vertical Aerospace in the 4th quarter valued at $300,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Vertical Aerospace in the 1st quarter valued at $102,000. Hedge funds and other institutional investors own 81.17% of the company's stock.
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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