Vertical Aerospace (NYSE:EVTL) Stock Price Down 5.8% – Should You Sell?

by · The Cerbat Gem

Vertical Aerospace Ltd. (NYSE:EVTL – Get Free Report) shares traded down 5.8% on Friday . The company traded as low as $5.71 and last traded at $5.7380. 2,083,307 shares were traded during trading, an increase of 73% from the average session volume of 1,200,840 shares. The stock had previously closed at $6.09.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Canaccord Genuity Group restated a “buy” rating and set a $11.00 price objective on shares of Vertical Aerospace in a research report on Monday, September 22nd. HC Wainwright reissued a “buy” rating and issued a $15.00 price target on shares of Vertical Aerospace in a report on Thursday, September 18th. Cantor Fitzgerald restated an “overweight” rating on shares of Vertical Aerospace in a research report on Monday, November 10th. D. Boral Capital reaffirmed a “buy” rating and set a $14.00 price objective on shares of Vertical Aerospace in a research note on Wednesday, December 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $9.00 target price on shares of Vertical Aerospace in a research note on Thursday, September 18th. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $11.40.

Get Our Latest Analysis on EVTL

Vertical Aerospace Stock Performance

The company’s fifty day moving average price is $4.93 and its two-hundred day moving average price is $5.37. The firm has a market capitalization of $565.37 million, a PE ratio of -0.12 and a beta of 1.23.

Vertical Aerospace (NYSE:EVTL – Get Free Report) last issued its earnings results on Tuesday, November 4th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.09). On average, equities analysts expect that Vertical Aerospace Ltd. will post -3.95 earnings per share for the current year.

Institutional Inflows and Outflows

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