EVe Mobility Acquisition (NYSE:EVE – Get Free Report) had its price target decreased by stock analysts at JPMorgan Chase & Co. from $5.50 to $5.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 55.75% from the company’s previous close.
EVe Mobility Acquisition Stock Performance
NYSE EVE traded up $0.06 on Tuesday, reaching $11.30. The stock had a trading volume of 121 shares, compared to its average volume of 35,120. EVe Mobility Acquisition has a 1-year low of $10.63 and a 1-year high of $12.03. The firm has a fifty day moving average of $11.10 and a two-hundred day moving average of $11.08.
Hedge Funds Weigh In On EVe Mobility Acquisition
Hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new position in EVe Mobility Acquisition in the 1st quarter valued at about $237,000. Mizuho Securities USA LLC acquired a new position in EVe Mobility Acquisition in the 1st quarter worth about $757,000. Periscope Capital Inc. boosted its stake in shares of EVe Mobility Acquisition by 41.9% during the first quarter. Periscope Capital Inc. now owns 363,166 shares of the company’s stock valued at $3,975,000 after purchasing an additional 107,296 shares in the last quarter. Finally, Berkley W R Corp grew its holdings in shares of EVe Mobility Acquisition by 15.9% during the second quarter. Berkley W R Corp now owns 902,147 shares of the company’s stock worth $10,023,000 after purchasing an additional 123,975 shares during the last quarter.
About EVe Mobility Acquisition
EVe Mobility Acquisition Corp does not have significant operations. The company focuses on effectuating a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. It intends to focus on the automotive and mobility industry.
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