EVE (NYSE:EVEX) Reaches New 12-Month Low – Here’s What Happened

Eve Holding, Inc. (NYSE:EVEX)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $2.72 and last traded at $2.7250, with a volume of 127484 shares traded. The stock had previously closed at $2.76.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. The Goldman Sachs Group began coverage on EVE in a report on Monday, December 1st. They issued a “neutral” rating and a $4.84 target price for the company. Cantor Fitzgerald reissued an “overweight” rating on shares of EVE in a research report on Monday, February 9th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, EVE currently has a consensus rating of “Hold” and an average target price of $6.47.

EVE Stock Down 2.4%

The firm has a 50-day moving average of $3.63 and a two-hundred day moving average of $4.03. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $938.67 million, a PE ratio of -4.13 and a beta of 0.88.

Institutional Trading of EVE

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVEX. BNP Paribas Financial Markets lifted its stake in EVE by 144.8% during the second quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock worth $36,000 after purchasing an additional 3,121 shares in the last quarter. Canal Insurance CO acquired a new position in EVE during the 3rd quarter worth about $38,000. Schonfeld Strategic Advisors LLC purchased a new position in EVE during the 3rd quarter valued at about $42,000. SG Americas Securities LLC acquired a new position in EVE in the 4th quarter valued at about $45,000. Finally, Avidian Wealth Enterprises LLC acquired a new position in EVE in the 3rd quarter valued at about $49,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

About EVE

Eve Holding, Inc (NYSE: EVEX) is the publicly traded parent of Eve Air Mobility, a company dedicated to developing sustainable urban air mobility solutions. Through its engineering and design capabilities, Eve focuses on creating electric vertical takeoff and landing (eVTOL) aircraft tailored for short-haul passenger and cargo transport in densely populated areas.

The company’s flagship offering is an eVTOL aircraft designed to deliver clean, quiet and efficient point-to-point service, backed by an integrated digital platform for air traffic management.