Vertical Aerospace Ltd. (NYSE:EVTL – Get Rating) shares saw unusually-strong trading volume on Friday . Approximately 11,229 shares traded hands during trading, a decline of 90% from the previous session’s volume of 110,577 shares.The stock last traded at $7.19 and had previously closed at $6.27.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on EVTL shares. Raymond James assumed coverage on shares of Vertical Aerospace in a research report on Wednesday, July 27th. They issued a “market perform” rating for the company. Barclays cut their price target on Vertical Aerospace from $7.00 to $5.00 and set an “underweight” rating for the company in a report on Monday, September 12th.
Vertical Aerospace Price Performance
The firm has a fifty day simple moving average of $6.64 and a 200 day simple moving average of $6.17. The company has a quick ratio of 4.39, a current ratio of 10.47 and a debt-to-equity ratio of 0.03.
Institutional Investors Weigh In On Vertical Aerospace
About Vertical Aerospace
Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility. It offers VX4, an eVTOL aircraft. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.
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