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Vertical Aerospace (NYSE:EVTL) Shares Up 10% - Still a Buy?

Vertical Aerospace logo with Aerospace background

Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) shares shot up 10% on Tuesday . The company traded as high as $7.43 and last traded at $7.56. 167,081 shares traded hands during trading, a decline of 43% from the average session volume of 293,567 shares. The stock had previously closed at $6.87.

Analyst Ratings Changes

Several equities research analysts have recently commented on EVTL shares. HC Wainwright restated a "buy" rating and issued a $15.00 price target (up previously from $12.00) on shares of Vertical Aerospace in a report on Monday, June 9th. D. Boral Capital started coverage on shares of Vertical Aerospace in a report on Thursday, March 27th. They issued a "buy" rating and a $15.00 price target for the company. One equities research 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 has an average rating of "Moderate Buy" and a consensus price target of $11.70.

View Our Latest Analysis on EVTL

Vertical Aerospace Price Performance

The firm's fifty day moving average price is $5.43 and its 200 day moving average price is $5.57.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $4.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.40) by $4.84. On average, sell-side analysts expect that Vertical Aerospace Ltd. will post -3.95 earnings per share for the current year.

Institutional Trading of Vertical Aerospace

Several large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. purchased a new stake in Vertical Aerospace during the first quarter worth $102,000. Inherent Management Corp. purchased a new stake in Vertical Aerospace during the 1st quarter valued at about $1,109,000. XTX Topco Ltd acquired a new stake in Vertical Aerospace in the 1st quarter valued at about $131,000. Connective Capital Management LLC acquired a new stake in Vertical Aerospace in the 4th quarter valued at about $189,000. Finally, Bank of America Corp DE acquired a new stake in Vertical Aerospace in the 4th quarter valued at about $264,000. 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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