Traders Buy High Volume of Call Options on Vertical Aerospace (NYSE:EVTL)

Vertical Aerospace Ltd. (NYSE:EVTL) was the recipient of unusually large options trading on Wednesday. Stock investors bought 2,892 call options on the company. This is an increase of 188% compared to the typical volume of 1,005 call options.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EVTL shares. D. Boral Capital reissued a “buy” rating and set a $15.00 price objective on shares of Vertical Aerospace in a report on Thursday, August 28th. Canaccord Genuity Group reduced their price objective on Vertical Aerospace from $13.50 to $11.00 and set a “buy” rating for the company in a report on Monday, July 14th. Cantor Fitzgerald started coverage on Vertical Aerospace in a report on Friday, August 22nd. They set an “overweight” rating and a $8.00 price objective for the company. Wall Street Zen lowered Vertical Aerospace from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $15.00 price target (up from $12.00) on shares of Vertical Aerospace in a report on Monday, June 9th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $10.43.

Vertical Aerospace Price Performance

NYSE:EVTL opened at $4.84 on Thursday. Vertical Aerospace has a one year low of $2.76 and a one year high of $15.99. The firm has a market capitalization of $476.39 million, a price-to-earnings ratio of -0.10 and a beta of 1.24. The business has a fifty day moving average price of $5.55 and a 200-day moving average price of $4.87.

Vertical Aerospace (NYSE:EVTL) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($2.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($1.92). On average, equities research analysts expect that Vertical Aerospace will post -3.95 earnings per share for the current fiscal year.

Institutional Trading of Vertical Aerospace

Institutional investors and hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. raised its stake in Vertical Aerospace by 120.0% in 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. Jump Financial LLC acquired a new position in shares of Vertical Aerospace in the second quarter worth about $91,000. CreativeOne Wealth LLC acquired a new position in shares of Vertical Aerospace during the 2nd quarter worth about $91,000. Connective Capital Management LLC acquired a new stake in Vertical Aerospace in the 4th quarter valued at about $189,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Vertical Aerospace in the 2nd quarter valued at approximately $102,000. Institutional investors own 81.17% of the company’s stock.

Vertical Aerospace Company Profile

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.