EVE (NYSE:EVEX) Sees Large Volume Increase

Eve Holding, Inc. (NYSE:EVEX) saw unusually-high trading volume on Monday . Approximately 37,359 shares were traded during trading, a decline of 51% from the previous session’s volume of 76,159 shares.The stock last traded at $2.93 and had previously closed at $2.87.

Analyst Upgrades and Downgrades

EVEX has been the topic of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $5.00 target price on shares of EVE in a research report on Monday, September 9th. Canaccord Genuity Group cut their target price on EVE from $9.00 to $8.50 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Finally, HC Wainwright initiated coverage on EVE in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $6.00 target price for the company.

EVE Price Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.87 and a current ratio of 3.87. The company’s 50-day simple moving average is $2.99 and its 200-day simple moving average is $4.30. The company has a market capitalization of $775.77 million, a PE ratio of -6.38 and a beta of 0.35.

EVE (NYSE:EVEX) last issued its earnings results on Tuesday, August 6th. The company reported ($0.13) earnings per share for the quarter, meeting the consensus estimate of ($0.13). As a group, sell-side analysts anticipate that Eve Holding, Inc. will post -0.49 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in EVE stock. Vanguard Group Inc. lifted its stake in shares of Eve Holding, Inc. (NYSE:EVEX) by 7.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 517,707 shares of the company’s stock after purchasing an additional 34,484 shares during the quarter. Vanguard Group Inc. owned about 0.19% of EVE worth $2,796,000 at the end of the most recent quarter. 1.27% of the stock is owned by institutional investors and hedge funds.

EVE Company Profile

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.