Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report)'s stock price rose 10% on Tuesday . The stock traded as high as $7.43 and last traded at $7.56. Approximately 167,081 shares traded hands during trading, a decline of 43% from the average daily volume of 293,567 shares. The stock had previously closed at $6.87.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on EVTL shares. D. Boral Capital restated a "buy" rating and issued a $15.00 target price on shares of Vertical Aerospace in a report on Thursday. HC Wainwright reiterated a "buy" rating and set a $15.00 target price (up previously from $12.00) on shares of Vertical Aerospace in a research report on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $11.70.
Read Our Latest Analysis on Vertical Aerospace
Vertical Aerospace Stock Performance
The stock's 50 day moving average is $5.55 and its two-hundred day moving average is $5.53.
Vertical Aerospace (NYSE:EVTL - Get Free Report) last announced its 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. Analysts forecast that Vertical Aerospace Ltd. will post -3.95 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Connective Capital Management LLC purchased a new position in Vertical Aerospace in the 4th quarter valued at $189,000. Renaissance Technologies LLC purchased a new stake in shares of Vertical Aerospace in the fourth quarter valued at about $237,000. Bank of America Corp DE purchased a new stake in shares of Vertical Aerospace in the fourth quarter valued at about $264,000. Jane Street Group LLC acquired a new position in shares of Vertical Aerospace during the fourth quarter worth about $300,000. Finally, Goldman Sachs Group Inc. purchased a new position in Vertical Aerospace during the first quarter worth about $102,000. Institutional investors and hedge funds 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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