Vertical Aerospace (NYSE:EVTL) Shares Up 1.6% – What’s Next?

Shares of Vertical Aerospace Ltd. (NYSE:EVTL) were up 1.6% during trading on Tuesday . The stock traded as high as $5.75 and last traded at $5.6780. Approximately 1,143,541 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 1,202,987 shares. The stock had previously closed at $5.59.

Analysts Set New Price Targets

EVTL has been the topic of a number of recent analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a $11.00 price target on shares of Vertical Aerospace in a research note on Monday, September 22nd. D. Boral Capital reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Vertical Aerospace in a report on Wednesday, December 3rd. Cantor Fitzgerald reissued an “overweight” rating on shares of Vertical Aerospace in a research note on Monday, November 10th. HC Wainwright reissued a “buy” rating and issued a $15.00 price target on shares of Vertical Aerospace in a report on Thursday, September 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $11.00 price target (up from $9.00) on shares of Vertical Aerospace in a research note on Monday. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.80.

Vertical Aerospace Stock Up 1.6%

The company has a market cap of $559.44 million, a price-to-earnings ratio of -0.12 and a beta of 1.23. The company has a fifty day simple moving average of $4.91 and a two-hundred day simple moving average of $5.36.

Vertical Aerospace (NYSE:EVTL) last released its quarterly earnings data on Tuesday, November 4th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.09). On average, research analysts predict that Vertical Aerospace Ltd. will post -3.95 EPS for the current year.

Institutional Investors Weigh In On Vertical Aerospace

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. increased its position in Vertical Aerospace by 120.0% during the second quarter. SBI Securities Co. Ltd. now owns 3,788 shares of the company’s stock worth $26,000 after buying an additional 2,066 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Vertical Aerospace by 144.3% in the third quarter. Jones Financial Companies Lllp now owns 8,211 shares of the company’s stock valued at $45,000 after acquiring an additional 4,850 shares in the last quarter. Quarry LP acquired a new stake in shares of Vertical Aerospace during the third quarter valued at $49,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Vertical Aerospace during the third quarter valued at $52,000. Finally, Virtu Financial LLC purchased a new stake in Vertical Aerospace during the 3rd quarter worth about $53,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

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 in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd.