EVE (NYSE:EVEX) Shares Up 4.8%

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

Analysts Set New Price Targets

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

EVE Price Performance

The stock’s 50-day simple moving average is $3.09 and its two-hundred day simple moving average is $4.45. The company has a market capitalization of $806.59 million, a price-to-earnings ratio of -6.16 and a beta of 0.35. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 0.50.

EVE (NYSE:EVEX) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.13) earnings per share for the quarter, hitting the consensus estimate of ($0.13). Equities research analysts predict that Eve Holding, Inc. will post -0.49 earnings per share for the current year.

Institutional Trading of EVE

An institutional investor recently bought a new position in EVE stock. Blair William & Co. IL bought a new position in shares of Eve Holding, Inc. (NYSE:EVEX) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 47,017 shares of the company’s stock, valued at approximately $190,000. Hedge funds and other 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.