Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report)'s stock price traded up 16% during mid-day trading on Thursday . The stock traded as high as $5.96 and last traded at $6.01. 529,169 shares traded hands during trading, an increase of 95% from the average session volume of 270,876 shares. The stock had previously closed at $5.18.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the company. HC Wainwright reiterated a "buy" rating and issued a $15.00 price objective (up from $12.00) on shares of Vertical Aerospace in a research report on Monday, June 9th. D. Boral Capital started coverage on Vertical Aerospace in a research note on Thursday, March 27th. They set a "buy" rating and a $15.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Vertical Aerospace presently has an average rating of "Moderate Buy" and a consensus price target of $11.70.
Check Out Our Latest Research Report on Vertical Aerospace
Vertical Aerospace Stock Up 19.2%
The business's 50 day simple moving average is $4.93 and its 200-day simple moving average is $5.66.
Vertical Aerospace (NYSE:EVTL - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $4.44 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $4.84. On average, equities research analysts predict that Vertical Aerospace Ltd. will post -3.95 EPS for the current year.
Hedge Funds Weigh In On Vertical Aerospace
Several institutional investors have recently modified their holdings of the stock. Connective Capital Management LLC acquired a new stake in shares of Vertical Aerospace in the 4th quarter valued at approximately $189,000. Renaissance Technologies LLC bought a new stake in 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 worth $264,000. Jane Street Group LLC bought a new position in shares of Vertical Aerospace during the fourth quarter worth $300,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Vertical Aerospace during the first quarter worth $102,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.
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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