Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report)'s share price was down 3.5% during mid-day trading on Monday . The company traded as low as $6.40 and last traded at $6.50. Approximately 150,025 shares were traded during trading, a decline of 68% from the average daily volume of 475,227 shares. The stock had previously closed at $6.73.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the stock. HC Wainwright reissued a "buy" rating and issued a $15.00 target price (up from $12.00) on shares of Vertical Aerospace in a research note on Monday, June 9th. D. Boral Capital started coverage on shares of Vertical Aerospace in a research note on Thursday, March 27th. They set 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 assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $11.70.
Read Our Latest Stock Report on Vertical Aerospace
Vertical Aerospace Trading Up 3.4%
The stock's 50-day simple moving average is $5.18 and its 200 day simple moving average is $5.62.
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 analysts' consensus estimates of ($0.40) by $4.84. On average, equities research analysts expect that Vertical Aerospace Ltd. will post -3.95 EPS for the current fiscal year.
Institutional Trading of Vertical Aerospace
Several hedge funds and other institutional investors have recently modified their holdings of EVTL. Mudrick Capital Management L.P. lifted its position in shares of Vertical Aerospace by 11,735.9% during the fourth quarter. Mudrick Capital Management L.P. now owns 47,343,585 shares of the company's stock worth $595,582,000 after acquiring an additional 46,943,585 shares in the last quarter. Jane Street Group LLC purchased a new position in Vertical Aerospace during the 4th quarter valued at about $300,000. Renaissance Technologies LLC purchased a new position in Vertical Aerospace during the 4th quarter valued at about $237,000. Bank of America Corp DE bought a new stake in shares of Vertical Aerospace during the fourth quarter valued at about $264,000. Finally, Connective Capital Management LLC purchased a new stake in Vertical Aerospace in the 4th quarter worth approximately $189,000. 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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