EVE (NYSE:EVEX) Stock Price Up 3.9% – What’s Next?

Shares of Eve Holding, Inc. (NYSE:EVEX) rose 3.9% during trading on Thursday . The company traded as high as $4.23 and last traded at $4.27. Approximately 13,633 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 245,557 shares. The stock had previously closed at $4.11.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EVEX. Cantor Fitzgerald reiterated an “overweight” rating and set a $5.00 price objective on shares of EVE in a research note on Friday, March 14th. HC Wainwright reiterated a “buy” rating and set a $6.00 price objective on shares of EVE in a research note on Wednesday, March 12th.

EVE Trading Up 3.6%

The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average price is $3.59 and its 200-day moving average price is $4.08. The stock has a market capitalization of $1.40 billion, a P/E ratio of -9.78 and a beta of 0.53.

EVE (NYSE:EVEX) last announced its earnings results on Monday, May 12th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.03). As a group, equities research analysts expect that Eve Holding, Inc. will post -0.5 earnings per share for the current year.

Institutional Investors Weigh In On EVE

Several institutional investors have recently bought and sold shares of the company. Legal & General Group Plc boosted its stake in EVE by 118.0% in the fourth quarter. Legal & General Group Plc now owns 5,545 shares of the company’s stock valued at $30,000 after acquiring an additional 3,001 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of EVE by 257.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,345 shares of the company’s stock worth $29,000 after buying an additional 3,850 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of EVE in the fourth quarter worth $34,000. Jane Street Group LLC raised its holdings in shares of EVE by 64.8% in the fourth quarter. Jane Street Group LLC now owns 17,322 shares of the company’s stock worth $94,000 after buying an additional 6,810 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of EVE by 25.5% in the first quarter. Rhumbline Advisers now owns 35,223 shares of the company’s stock worth $117,000 after buying an additional 7,154 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

About EVE

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.