Vertical Aerospace (NYSE:EVTL) Trading Up 6.3% - Should You Buy?

Key Points

• Vertical Aerospace's share price rose by 6.3% to $5.17 despite a significant decline in trading volume.
• Analysts have mixed ratings for Vertical Aerospace, with six giving a "Buy" rating and a consensus price target of $10.43, while one analyst downgraded it to "Sell."
• The company reported a significant earnings miss, with an EPS of ($2.35), which was notably below the consensus estimate of (\$0.43).

Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report)'s share price was up 6.3% during trading on Thursday . The company traded as high as $5.09 and last traded at $5.17. Approximately 80,063 shares changed hands during trading, a decline of 91% from the average daily volume of 848,550 shares. The stock had previously closed at $4.86.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EVTL shares. 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. Wall Street Zen downgraded shares of Vertical Aerospace from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Needham & Company LLC began coverage on shares of Vertical Aerospace in a research note on Thursday, July 17th. They issued a "buy" rating and a $9.00 target price for the company. D. Boral Capital reiterated a "buy" rating and issued a $15.00 target price on shares of Vertical Aerospace in a research note on Thursday, August 28th. Finally, Cantor Fitzgerald began coverage on shares of Vertical Aerospace in a research note on Friday, August 22nd. They issued an "overweight" rating and a $8.00 target price for the company. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $10.43.

Vertical Aerospace Stock Up 5.3%

The company's fifty day moving average price is $5.55 and its 200 day moving average price is $4.87. The company has a market capitalization of $504.18 million, a P/E ratio of -0.10 and a beta of 1.24.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported ($2.35) EPS for the quarter, missing the consensus estimate of ($0.43) by ($1.92). Research analysts predict that Vertical Aerospace Ltd. will post -3.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. increased its stake in Vertical Aerospace by 120.0% in the second quarter. SBI Securities Co. Ltd. now owns 3,788 shares of the company's stock valued at $26,000 after acquiring an additional 2,066 shares during the last quarter. Jump Financial LLC bought a new position in Vertical Aerospace in the second quarter valued at approximately $91,000. CreativeOne Wealth LLC bought a new position in Vertical Aerospace in the second quarter valued at approximately $91,000. Connective Capital Management LLC bought a new position in Vertical Aerospace in the fourth quarter valued at approximately $189,000. Finally, Raymond James Financial Inc. bought a new position in Vertical Aerospace in the second quarter valued at approximately $102,000. 81.17% of the stock is owned by institutional investors.

Vertical Aerospace Company Profile

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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