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

Eve Holding, Inc. (NYSE:EVEX) gapped up prior to trading on Monday . The stock had previously closed at $2.85, but opened at $3.03. EVE shares last traded at $2.91, with a volume of 10,519 shares traded.

Analyst Ratings Changes

EVEX has been the topic of several research analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $5.00 target price on shares of EVE in a research note on Monday, September 30th. HC Wainwright started 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.

EVE Stock Performance

The business has a 50-day moving average of $3.09 and a 200 day moving average of $3.78. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.87 and a quick ratio of 3.87. The company has a market cap of $812.40 million, a PE ratio of -6.06 and a beta of 0.37.

EVE (NYSE:EVEX) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.13) EPS for the quarter, meeting the consensus estimate of ($0.13). Equities research analysts anticipate that Eve Holding, Inc. will post -0.49 EPS for the current fiscal year.

Institutional Investors Weigh In On EVE

Several hedge funds and other institutional investors have recently modified their holdings of EVEX. SG Americas Securities LLC purchased a new position in EVE during the third quarter valued at $35,000. Blair William & Co. IL bought a new position in shares of EVE in the second quarter worth about $190,000. Finally, Vanguard Group Inc. lifted its position in shares of EVE by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 517,707 shares of the company’s stock valued at $2,796,000 after buying an additional 34,484 shares in the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

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.