EVE (NYSE:EVEX) Sees Large Volume Increase – Here’s What Happened

Shares of Eve Holding, Inc. (NYSE:EVEX) saw unusually-strong trading volume on Monday . Approximately 196,729 shares traded hands during mid-day trading, an increase of 41% from the previous session’s volume of 139,238 shares.The stock last traded at $3.73 and had previously closed at $3.35.

Analyst Upgrades and Downgrades

EVEX has been the topic of a number of research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $5.00 target price on shares of EVE in a research note on Tuesday, November 5th. HC Wainwright started coverage on EVE in a research report on Tuesday, September 3rd. They set a “buy” rating and a $6.00 price objective on the stock.

EVE Trading Down 1.2 %

The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average is $3.21 and its 200 day moving average is $3.52. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of -8.50 and a beta of 0.37.

EVE (NYSE:EVEX) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. During the same quarter last year, the business posted ($0.11) EPS. On average, equities analysts predict that Eve Holding, Inc. will post -0.5 earnings per share for the current fiscal year.

Institutional Trading of EVE

Several institutional investors have recently added to or reduced their stakes in EVEX. SG Americas Securities LLC acquired a new position in shares of EVE in the 3rd quarter worth approximately $35,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in EVE during the third quarter valued at $40,000. State Street Corp grew its holdings in EVE by 3.8% during the 3rd quarter. State Street Corp now owns 378,123 shares of the company’s stock worth $1,225,000 after acquiring an additional 13,700 shares during the period. Franklin Resources Inc. acquired a new position in shares of EVE in the 3rd quarter valued at about $53,000. Finally, Readystate Asset Management LP bought a new stake in shares of EVE during the 3rd quarter valued at about $83,000. 1.27% of the stock is currently owned by institutional investors.

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.