Vertical Aerospace (NYSE:EVTL) Stock Price Up 5.7%

Vertical Aerospace Ltd. (NYSE:EVTL) shares rose 5.7% during trading on Monday . The stock traded as high as $0.79 and last traded at $0.76. Approximately 280,180 shares were traded during trading, a decline of 31% from the average daily volume of 404,193 shares. The stock had previously closed at $0.72.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised Vertical Aerospace from a “hold” rating to a “buy” rating and boosted their price objective for the company from $1.00 to $1.50 in a research note on Tuesday, February 20th.

Vertical Aerospace Stock Up 5.7 %

The business has a 50 day moving average price of $0.82 and a two-hundred day moving average price of $0.80.

Vertical Aerospace (NYSE:EVTL) last posted its quarterly earnings data on Thursday, March 14th. The company reported ($0.11) EPS for the quarter. As a group, research analysts forecast that Vertical Aerospace Ltd. will post -0.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vertical Aerospace

A hedge fund recently bought a new stake in Vertical Aerospace stock. Nomura Holdings Inc. bought a new stake in Vertical Aerospace Ltd. (NYSE:EVTL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 150,000 shares of the company’s stock, valued at approximately $177,000. Nomura Holdings Inc. owned about 0.07% of Vertical Aerospace as of its most recent SEC filing. 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. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.