EVE (NYSE:EVEX) Trading 6.7% Higher – Here’s What Happened

Eve Holding, Inc. (NYSE:EVEX) shares shot up 6.7% during trading on Tuesday . The company traded as high as $5.49 and last traded at $5.43. 114,028 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 174,874 shares. The stock had previously closed at $5.09.

Analysts Set New Price Targets

Several research analysts recently weighed in on EVEX shares. HC Wainwright assumed coverage on EVE in a research report on Tuesday, September 3rd. They set a “buy” rating and a $6.00 price target for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $5.00 price objective on shares of EVE in a research report on Tuesday, November 5th. TD Cowen upgraded shares of EVE to a “hold” rating in a report on Thursday, December 19th. Finally, Canaccord Genuity Group raised their target price on EVE from $6.75 to $7.00 and gave the company a “buy” rating in a report on Monday, December 2nd.

EVE Stock Up 5.7 %

The stock has a market cap of $1.60 billion, a PE ratio of -11.21 and a beta of 0.53. The business has a 50 day moving average of $3.70 and a 200-day moving average of $3.42. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.42.

EVE (NYSE:EVEX) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.01. During the same period last year, the firm earned ($0.11) earnings per share. Equities research analysts predict that Eve Holding, Inc. will post -0.5 EPS for the current fiscal year.

Institutional Trading of EVE

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in EVE by 65.4% in the 3rd quarter. Geode Capital Management LLC now owns 850,022 shares of the company’s stock valued at $2,754,000 after buying an additional 336,133 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in EVE by 63.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,732 shares of the company’s stock valued at $1,078,000 after purchasing an additional 129,300 shares in the last quarter. Blair William & Co. IL acquired a new stake in shares of EVE during the 2nd quarter worth about $190,000. Barclays PLC grew its holdings in shares of EVE by 594.1% during the third quarter. Barclays PLC now owns 43,931 shares of the company’s stock worth $141,000 after buying an additional 37,602 shares in the last quarter. Finally, Readystate Asset Management LP acquired a new position in shares of EVE in the third quarter valued at approximately $83,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

About EVE

Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.