EVE (NYSE:EVEX) Shares Gap Down – What’s Next?

Eve Holding, Inc. (NYSE:EVEX) shares gapped down prior to trading on Friday . The stock had previously closed at $5.48, but opened at $5.24. EVE shares last traded at $5.15, with a volume of 40,704 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EVEX shares. TD Cowen raised shares of EVE to a “hold” rating in a research report on Thursday, December 19th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 target price on shares of EVE in a research report on Tuesday, November 5th. Finally, Canaccord Genuity Group upped their price target on EVE from $6.75 to $7.00 and gave the company a “buy” rating in a research report on Monday, December 2nd.

EVE Trading Down 8.8 %

The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.42. The business’s 50-day moving average is $4.25 and its two-hundred day moving average is $3.53. The firm has a market cap of $1.49 billion, a P/E ratio of -10.42 and a beta of 0.42.

EVE (NYSE:EVEX) last announced its quarterly earnings results on Monday, November 4th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. During the same period last year, the firm earned ($0.11) EPS. As a group, analysts expect that Eve Holding, Inc. will post -0.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EVEX. JPMorgan Chase & Co. boosted its position in shares of EVE by 296.2% during the third quarter. JPMorgan Chase & Co. now owns 38,830 shares of the company’s stock worth $126,000 after buying an additional 29,029 shares during the period. Franklin Resources Inc. acquired a new position in EVE during the 3rd quarter worth $53,000. Barclays PLC grew its stake in shares of EVE by 594.1% in the third quarter. Barclays PLC now owns 43,931 shares of the company’s stock worth $141,000 after purchasing an additional 37,602 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of EVE by 65.4% during the third quarter. Geode Capital Management LLC now owns 850,022 shares of the company’s stock valued at $2,754,000 after purchasing an additional 336,133 shares during the period. Finally, State Street Corp raised its stake in shares of EVE by 3.8% during the third quarter. State Street Corp now owns 378,123 shares of the company’s stock valued at $1,225,000 after purchasing an additional 13,700 shares in the last quarter. 1.27% of the stock is owned by institutional investors and hedge funds.

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.