EVE (NYSE:EVEX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of EVE (NYSE:EVEX) from a strong sell rating to a sell rating in a report published on Saturday morning,Wall Street Zen reports.

A number of other brokerages have also recently weighed in on EVEX. Jefferies Financial Group set a $5.00 price objective on shares of EVE in a research note on Wednesday, August 5th. D. Boral Capital assumed coverage on EVE in a research report on Friday, August 21st. They set a “buy” rating and a $6.00 price target for the company. JPMorgan Chase & Co. boosted their price target on EVE from $6.00 to $6.50 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a research report on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, EVE presently has an average rating of “Moderate Buy” and a consensus target price of $5.93.

EVE Price Performance

EVE stock opened at $2.02 on Friday. The firm has a market capitalization of $702.21 million, a PE ratio of -3.25 and a beta of 1.14. EVE has a 52 week low of $1.99 and a 52 week high of $5.16. The firm’s 50-day simple moving average is $2.38 and its 200 day simple moving average is $2.63. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 13.65.

EVE (NYSE:EVEX) last posted its earnings results on Tuesday, August 4th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.08. On average, equities research analysts predict that EVE will post -0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On EVE

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC acquired a new stake in EVE in the 2nd quarter worth about $25,000. Corient Private Wealth LP acquired a new position in shares of EVE during the 2nd quarter valued at about $28,000. Themes Management Co LLC purchased a new stake in EVE in the first quarter valued at approximately $30,000. Pallas Capital Advisors LLC acquired a new position in EVE during the second quarter worth approximately $30,000. Finally, R Squared Ltd acquired a new position in EVE during the first quarter worth approximately $30,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

EVE Company Profile

Eve Air Mobility, Inc develops electric vertical takeoff and landing (eVTOL) aircraft and related solutions for the emerging urban air mobility market. The company is focused on enabling short-distance passenger and cargo transportation with electrically powered aircraft designed to operate from urban and regional vertiports.

In addition to its eVTOL aircraft, Eve is developing an ecosystem of services and technologies to support commercial operations. These include flight operations and fleet-management tools, maintenance and support services, and its Vector software platform, which is designed to help manage urban air mobility networks.