Vertical Aerospace (NYSE:EVTL) Shares Up 8.3% – Should You Buy?

by · The Cerbat Gem

Vertical Aerospace Ltd. (NYSE:EVTL – Get Free Report)’s stock price was up 8.3% on Wednesday . The stock traded as high as $5.37 and last traded at $5.3610. Approximately 1,420,900 shares traded hands during trading, an increase of 28% from the average daily volume of 1,106,850 shares. The stock had previously closed at $4.95.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of Vertical Aerospace in a research note on Monday, November 10th. Canaccord Genuity Group restated a “buy” rating and set a $11.00 target price on shares of Vertical Aerospace in a research report on Monday, September 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vertical Aerospace in a report on Wednesday, October 8th. D. Boral Capital reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Vertical Aerospace in a research report on Thursday, September 18th. Finally, Wall Street Zen downgraded Vertical Aerospace from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.60.

Check Out Our Latest Analysis on Vertical Aerospace

Vertical Aerospace Price Performance

The firm has a market capitalization of $533.54 million, a P/E ratio of -0.11 and a beta of 1.23. The stock’s fifty day simple moving average is $4.80 and its 200 day simple moving average is $5.31.

Vertical Aerospace (NYSE:EVTL – Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.09). As a group, sell-side analysts forecast that Vertical Aerospace Ltd. will post -3.95 EPS for the current fiscal year.

Institutional Investors Weigh In On Vertical Aerospace

Several institutional investors and hedge funds have recently made changes to their positions in EVTL. Inherent Management Corp. purchased a new position in shares of Vertical Aerospace in the first quarter worth about $1,109,000. Goldman Sachs Group Inc. acquired a new position in Vertical Aerospace in the 1st quarter worth approximately $102,000. XTX Topco Ltd purchased a new position in Vertical Aerospace during the 1st quarter worth approximately $131,000. CreativeOne Wealth LLC acquired a new stake in Vertical Aerospace during the 2nd quarter valued at approximately $91,000. Finally, Rathbones Group PLC purchased a new stake in Vertical Aerospace in the second quarter valued at $356,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

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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