Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report)'s share price gapped up before the market opened on Monday after HC Wainwright raised their price target on the stock from $12.00 to $15.00. The stock had previously closed at $5.38, but opened at $6.20. HC Wainwright currently has a buy rating on the stock. Vertical Aerospace shares last traded at $5.94, with a volume of 714,189 shares changing hands.
Separately, D. Boral Capital initiated coverage on shares of Vertical Aerospace in a research report on Thursday, March 27th. They issued a "buy" rating and a $15.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $11.70.
Read Our Latest Stock Analysis on Vertical Aerospace
Institutional Trading of Vertical Aerospace
Hedge funds have recently added to or reduced their stakes in the company. Connective Capital Management LLC acquired a new position in Vertical Aerospace during the fourth quarter worth $189,000. Renaissance Technologies LLC purchased a new position in shares of Vertical Aerospace in the fourth quarter valued at approximately $237,000. Bank of America Corp DE acquired a new stake in Vertical Aerospace in the fourth quarter valued at approximately $264,000. Jane Street Group LLC acquired a new stake in Vertical Aerospace during the fourth quarter worth approximately $300,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Vertical Aerospace during the first quarter worth approximately $102,000. 81.17% of the stock is owned by hedge funds and other institutional investors.
Vertical Aerospace Price Performance
The business's fifty day moving average price is $4.29 and its 200 day moving average price is $5.82.
Vertical Aerospace (NYSE:EVTL - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $4.44 EPS for the quarter, topping the consensus estimate of ($0.40) by $4.84. Analysts predict that Vertical Aerospace Ltd. will post -3.95 earnings per share for the current fiscal year.
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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