EVE (NYSE:EVEX) Shares Up 4.8% – Still a Buy?

Shares of Eve Holding, Inc. (NYSE:EVEX) rose 4.8% during trading on Friday . The company traded as high as $4.78 and last traded at $4.62. Approximately 28,384 shares changed hands during trading, a decline of 82% from the average daily volume of 156,973 shares. The stock had previously closed at $4.41.

Analysts Set New Price Targets

EVEX has been the subject of several recent analyst reports. Canaccord Genuity Group raised their target price on shares of EVE from $6.75 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. HC Wainwright began coverage on shares of EVE in a research report on Tuesday, September 3rd. They set a “buy” rating and a $6.00 price objective on the stock. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $5.00 target price on shares of EVE in a report on Tuesday, November 5th.

EVE Stock Up 6.1 %

The business has a fifty day moving average price of $3.49 and a two-hundred day moving average price of $3.44. 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 company has a market cap of $1.39 billion, a price-to-earnings ratio of -9.73 and a beta of 0.53.

EVE (NYSE:EVEX) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.01. During the same quarter last year, the business posted ($0.11) earnings per share. On average, equities analysts predict that Eve Holding, Inc. will post -0.5 earnings per share for the current year.

Institutional Trading of EVE

Institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. acquired a new stake in EVE in the third quarter valued at approximately $53,000. Barclays PLC raised its holdings in shares of EVE by 594.1% during the 3rd quarter. Barclays PLC now owns 43,931 shares of the company’s stock valued at $141,000 after purchasing an additional 37,602 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of EVE by 65.4% in the 3rd 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 last quarter. State Street Corp increased its position in EVE by 3.8% during the third quarter. State Street Corp now owns 378,123 shares of the company’s stock worth $1,225,000 after buying an additional 13,700 shares during the last quarter. Finally, Readystate Asset Management LP bought a new position in EVE during the third quarter valued at about $83,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

EVE Company Profile

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.