EVE (NYSE:EVEX) Earns “Neutral” Rating from Cantor Fitzgerald

Cantor Fitzgerald reiterated their neutral rating on shares of EVE (NYSE:EVEX) in a report issued on Monday morning, Benzinga reports. Cantor Fitzgerald currently has a $7.00 target price on the stock.

EVE Stock Down 1.8 %

Shares of EVEX opened at $3.19 on Monday. EVE has a 52 week low of $3.15 and a 52 week high of $10.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 4.96 and a current ratio of 4.96. The firm has a market capitalization of $859.28 million, a price-to-earnings ratio of -7.09 and a beta of 0.37. The business’s fifty day moving average price is $4.85 and its two-hundred day moving average price is $5.65.

EVE (NYSE:EVEX) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.09) EPS for the quarter. On average, analysts predict that EVE will post -0.53 earnings per share for the current year.

Hedge Funds Weigh In On EVE

An institutional investor recently raised its position in EVE stock. Strs Ohio increased its holdings in shares of Eve Holding, Inc. (NYSE:EVEX) by 3,883.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 47,800 shares of the company’s stock after purchasing an additional 46,600 shares during the period. Strs Ohio’s holdings in EVE were worth $349,000 as of its most recent filing with the SEC. 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.