EVE (NYSE:EVEX) Shares Down 6.1% – Here’s What Happened

by · The Cerbat Gem

Eve Holding, Inc. (NYSE:EVEX – Get Free Report)’s stock price fell 6.1% during mid-day trading on Wednesday . The company traded as low as $3.54 and last traded at $3.48. 46,636 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 259,236 shares. The stock had previously closed at $3.70.

Analysts Set New Price Targets

A number of research firms recently issued reports on EVEX. HC Wainwright reaffirmed a “buy” rating and issued a $6.00 target price on shares of EVE in a research report on Wednesday. TD Cowen raised EVE to a “hold” rating in a research report on Thursday, December 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $5.00 target price on shares of EVE in a research report on Friday. Finally, Canaccord Genuity Group boosted their price target on EVE from $6.75 to $7.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd.

Check Out Our Latest Stock Report on EVE

EVE Trading Down 2.9 %

The business has a 50-day simple moving average of $4.54 and a two-hundred day simple moving average of $3.91. The stock has a market cap of $948.00 million, a price-to-earnings ratio of -6.64 and a beta of 0.45. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 5.21.

EVE (NYSE:EVEX – Get Free Report) last posted its earnings results on Friday, March 14th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.01. Equities analysts forecast that Eve Holding, Inc. will post -0.5 EPS for the current fiscal year.

Hedge Funds Weigh In On EVE

Several institutional investors and hedge funds have recently made changes to their positions in the company. Legal & General Group Plc grew its position in shares of EVE by 118.0% in the fourth quarter. Legal & General Group Plc now owns 5,545 shares of the company’s stock valued at $30,000 after purchasing an additional 3,001 shares during the last quarter. Summit Investment Advisors Inc. grew its position in shares of EVE by 257.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,345 shares of the company’s stock valued at $29,000 after purchasing an additional 3,850 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of EVE in the fourth quarter valued at approximately $34,000. Jane Street Group LLC grew its position in shares of EVE by 64.8% in the fourth quarter. Jane Street Group LLC now owns 17,322 shares of the company’s stock valued at $94,000 after purchasing an additional 6,810 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of EVE by 65.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,928 shares of the company’s stock valued at $109,000 after purchasing an additional 7,919 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

About EVE

(Get Free Report)

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.

Recommended Stories