EVE (NYSE:EVEX) Stock Price Up 4.8%

Eve Holding, Inc. (NYSE:EVEX) shares rose 4.8% during trading on Thursday . The company traded as high as $2.89 and last traded at $2.84. Approximately 30,387 shares changed hands during trading, a decline of 59% from the average daily volume of 74,082 shares. The stock had previously closed at $2.71.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 price objective on shares of EVE in a report on Tuesday. HC Wainwright assumed coverage on shares of EVE in a research report on Tuesday. They set a “buy” rating and a $6.00 price target for the company. Finally, Canaccord Genuity Group dropped their price objective on shares of EVE from $9.00 to $8.50 and set a “buy” rating on the stock in a report on Tuesday, July 2nd.

EVE Trading Down 4.0 %

The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 0.50. The firm has a market cap of $719.21 million, a price-to-earnings ratio of -5.96 and a beta of 0.35. The company has a fifty day moving average price of $3.03 and a 200-day moving average price of $4.42.

EVE (NYSE:EVEX) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.13) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.13). As a group, research analysts expect that Eve Holding, Inc. will post -0.49 EPS for the current year.

Hedge Funds Weigh In On EVE

A hedge fund recently bought a new stake in EVE stock. Blair William & Co. IL purchased a new position in shares of Eve Holding, Inc. (NYSE:EVEX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 47,017 shares of the company’s stock, valued at approximately $190,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

About EVE

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.