EVE (NYSE:EVEX) Sees Strong Trading Volume

Eve Holding, Inc. (NYSE:EVEXGet Free Report) saw an uptick in trading volume on Tuesday . 21,531 shares were traded during mid-day trading, a decline of 59% from the previous session’s volume of 53,111 shares.The stock last traded at $3.32 and had previously closed at $3.28.

Wall Street Analyst Weigh In

A number of brokerages have commented on EVEX. Canaccord Genuity Group decreased their price target on EVE from $9.00 to $8.50 and set a “buy” rating on the stock in a research note on Tuesday. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $7.00 price target on shares of EVE in a research note on Monday.

Check Out Our Latest Stock Analysis on EVEX

EVE Stock Performance

The company has a debt-to-equity ratio of 0.28, a quick ratio of 4.96 and a current ratio of 4.96. The company has a 50 day moving average price of $4.85 and a 200-day moving average price of $5.65.

EVE (NYSE:EVEXGet Free Report) last posted its earnings results on Tuesday, May 7th. The company reported ($0.09) earnings per share (EPS) for the quarter. As a group, equities analysts anticipate that Eve Holding, Inc. will post -0.53 EPS for the current year.

Institutional Investors Weigh In On EVE

A hedge fund recently raised its stake in EVE stock. Strs Ohio increased its position in Eve Holding, Inc. (NYSE:EVEXFree Report) by 3,883.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,800 shares of the company’s stock after purchasing an additional 46,600 shares during the period. Strs Ohio’s holdings in EVE were worth $349,000 at the end of the most recent reporting period. Institutional investors own 1.27% of the company’s stock.

About EVE

(Get Free Report)

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.

Further Reading

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