EVE (NYSE:EVEX) Trading Down 2%

Eve Holding, Inc. (NYSE:EVEX) dropped 2% during trading on Thursday . The company traded as low as $5.36 and last traded at $5.37. Approximately 1,253 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 42,853 shares. The stock had previously closed at $5.48.

Analyst Ratings Changes

Separately, Cantor Fitzgerald restated a “neutral” rating and issued a $7.00 price target on shares of EVE in a research report on Tuesday, January 30th.

EVE Stock Down 1.5 %

The company has a debt-to-equity ratio of 0.16, a current ratio of 4.66 and a quick ratio of 4.66. The company has a market cap of $1.45 billion, a P/E ratio of -11.29 and a beta of 0.47. The stock has a 50-day moving average of $5.89 and a 200 day moving average of $6.95.

EVE (NYSE:EVEX) last released its earnings results on Friday, March 8th. The company reported ($0.14) earnings per share (EPS) for the quarter. Research analysts anticipate that Eve Holding, Inc. will post -0.52 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada bought a new position in EVE in the second quarter valued at about $52,000. Citigroup Inc. bought a new position in EVE in the second quarter valued at about $56,000. California State Teachers Retirement System bought a new position in EVE in the second quarter valued at about $63,000. Wells Fargo & Company MN bought a new stake in shares of EVE during the second quarter worth about $78,000. Finally, Deutsche Bank AG grew its holdings in shares of EVE by 541.6% during the third quarter. Deutsche Bank AG now owns 9,990 shares of the company’s stock worth $83,000 after purchasing an additional 8,433 shares during the last quarter. Institutional investors own 1.27% of the company’s stock.

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.