Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report)'s share price traded up 16% on Thursday . The stock traded as high as $5.96 and last traded at $6.01. 529,169 shares changed hands during trading, an increase of 95% from the average session volume of 270,876 shares. The stock had previously closed at $5.18.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. D. Boral Capital assumed 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. HC Wainwright restated a "buy" rating and set a $15.00 price objective (up from $12.00) on shares of Vertical Aerospace in a research note on Monday, June 9th. 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 company's stock. According to MarketBeat, Vertical Aerospace currently has a consensus rating of "Moderate Buy" and an average target price of $11.70.
Get Our Latest Report on Vertical Aerospace
Vertical Aerospace Stock Up 8.2%
The stock's 50 day moving average is $5.05 and its 200 day moving average is $5.62.
Vertical Aerospace (NYSE:EVTL - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $4.44 EPS for the quarter, beating analysts' consensus estimates of ($0.40) by $4.84. Equities 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 and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new position in Vertical Aerospace in the 1st quarter valued at about $102,000. Inherent Management Corp. bought a new stake in Vertical Aerospace in the 1st quarter valued at about $1,109,000. XTX Topco Ltd bought a new stake in Vertical Aerospace in the 1st quarter valued at about $131,000. Connective Capital Management LLC bought a new stake in Vertical Aerospace in the 4th quarter valued at about $189,000. Finally, Bank of America Corp DE bought a new stake in Vertical Aerospace in the 4th quarter valued at about $264,000. 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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