EVE (NYSE:EVEX) Stock Price Down 8.4%

Eve Holding, Inc. (NYSE:EVEX)’s stock price dropped 8.4% during mid-day trading on Wednesday . The company traded as low as $5.11 and last traded at $5.11. 33,161 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 45,798 shares. The stock had previously closed at $5.58.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reiterated a “neutral” rating and issued a $7.00 target price on shares of EVE in a research note on Tuesday, January 30th.

EVE Stock Down 3.6 %

The stock has a market cap of $1.45 billion, a P/E ratio of -11.62 and a beta of 0.45. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.66 and a current ratio of 4.66. The firm’s 50-day moving average is $5.32 and its two-hundred day moving average is $6.35.

EVE (NYSE:EVEX) last announced its quarterly earnings data on Friday, March 8th. The company reported ($0.14) earnings per share for the quarter. On average, equities research analysts anticipate that Eve Holding, Inc. will post -0.52 earnings per share for the current year.

Hedge Funds Weigh In On EVE

A number of large investors have recently added to or reduced their stakes in the company. Strs Ohio boosted its stake in shares of EVE by 3,883.3% during the 4th quarter. Strs Ohio now owns 47,800 shares of the company’s stock worth $349,000 after acquiring an additional 46,600 shares during the period. Barclays PLC boosted its holdings in shares of EVE by 6.8% during the third quarter. Barclays PLC now owns 174,629 shares of the company’s stock worth $1,447,000 after acquiring an additional 11,130 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in EVE by 30.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 55,929 shares of the company’s stock worth $464,000 after purchasing an additional 13,183 shares during the last quarter. 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.