Vertical Aerospace (NYSE:EVTL) Stock Price Down 4.9% – Time to Sell?

Vertical Aerospace Ltd. (NYSE:EVTL) was down 4.9% during trading on Monday . The stock traded as low as $5.21 and last traded at $5.2330. Approximately 1,161,996 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 1,207,486 shares. The stock had previously closed at $5.50.

Analyst Ratings Changes

A number of equities analysts have weighed in on EVTL shares. HC Wainwright restated a “buy” rating and issued a $15.00 price target on shares of Vertical Aerospace in a report on Thursday, September 18th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Vertical Aerospace in a report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vertical Aerospace in a research note on Wednesday, October 8th. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price objective (up previously from $9.00) on shares of Vertical Aerospace in a report on Monday, December 15th. Finally, D. Boral Capital restated a “buy” rating and set a $14.00 target price on shares of Vertical Aerospace in a research note on Wednesday, December 3rd. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Vertical Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $11.80.

Vertical Aerospace Stock Performance

The firm has a market cap of $515.61 million, a price-to-earnings ratio of -0.11 and a beta of 1.23. The stock’s fifty day moving average is $4.92 and its two-hundred day moving average is $5.36.

Vertical Aerospace (NYSE:EVTL) last released its quarterly earnings results on Tuesday, November 4th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.09). Sell-side analysts predict that Vertical Aerospace Ltd. will post -3.95 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. increased its holdings in shares of Vertical Aerospace by 120.0% during the second quarter. SBI Securities Co. Ltd. now owns 3,788 shares of the company’s stock valued at $26,000 after purchasing an additional 2,066 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Vertical Aerospace by 144.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,211 shares of the company’s stock worth $45,000 after acquiring an additional 4,850 shares during the period. Quarry LP bought a new position in shares of Vertical Aerospace in the third quarter valued at approximately $49,000. Oppenheimer & Co. Inc. acquired a new position in shares of Vertical Aerospace during the third quarter valued at approximately $52,000. Finally, Virtu Financial LLC acquired a new position in shares of Vertical Aerospace during the third quarter valued at approximately $53,000. Institutional investors own 81.17% of the company’s stock.

Vertical Aerospace Company Profile

Vertical Aerospace is a United Kingdom–based aerospace manufacturer specializing in the development of electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. Founded in 2016 by entrepreneur Stephen Fitzpatrick, the company is publicly listed on the New York Stock Exchange under the ticker EVTL. Vertical Aerospace’s mission is to deliver zero-emission, high-speed electric aircraft designed to transform short-haul journeys in densely populated areas.

The company’s flagship model, the VA-X4, is a piloted, five-seat eVTOL craft engineered for quiet operation, low running costs and minimal environmental impact.