EVE (NYSE:EVEX) Raised to Sell at Wall Street Zen

EVE (NYSE:EVEX) was upgraded by analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts also recently weighed in on EVEX. Canaccord Genuity Group cut their price target on shares of EVE from $7.50 to $7.25 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Jefferies Financial Group set a $5.00 price objective on shares of EVE in a research note on Wednesday. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.82.

EVE Stock Performance

NYSE EVEX opened at $2.76 on Friday. The company has a market cap of $961.31 million, a P/E ratio of -4.45 and a beta of 1.14. EVE has a 12 month low of $2.10 and a 12 month high of $6.18. The company has a debt-to-equity ratio of 13.65, a current ratio of 3.48 and a quick ratio of 3.48. The company has a 50-day moving average of $2.61 and a 200-day moving average of $2.90.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EVEX. R Squared Ltd acquired a new stake in shares of EVE in the first quarter valued at about $30,000. Themes Management Co LLC acquired a new position in EVE during the 1st quarter worth approximately $30,000. Pallas Capital Advisors LLC acquired a new position in EVE during the 2nd quarter worth approximately $30,000. Deltec Asset Management LLC acquired a new position in EVE during the 1st quarter worth approximately $33,000. Finally, BNP Paribas Financial Markets boosted its holdings in EVE by 144.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock worth $36,000 after acquiring an additional 3,121 shares during the period. Institutional investors and hedge funds own 1.27% of the company’s stock.

EVE Company Profile

Eve Holding, Inc (NYSE: EVEX) is the publicly traded parent of Eve Air Mobility, a company dedicated to developing sustainable urban air mobility solutions. Through its engineering and design capabilities, Eve focuses on creating electric vertical takeoff and landing (eVTOL) aircraft tailored for short-haul passenger and cargo transport in densely populated areas.

The company’s flagship offering is an eVTOL aircraft designed to deliver clean, quiet and efficient point-to-point service, backed by an integrated digital platform for air traffic management.