EVE (NYSE:EVEX) Trading Up 8.2%

Eve Holding, Inc. (NYSE:EVEX) was up 8.2% during trading on Friday . The company traded as high as $5.43 and last traded at $5.42. Approximately 60,070 shares were traded during trading, an increase of 31% from the average daily volume of 45,990 shares. The stock had previously closed at $5.01.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald reissued a “neutral” rating and set a $7.00 price objective on shares of EVE in a research note on Tuesday, January 30th.

EVE Price Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 4.66 and a quick ratio of 4.66. The firm has a market cap of $1.44 billion, a PE ratio of -11.91 and a beta of 0.47. The firm has a 50-day simple moving average of $5.38 and a 200 day simple moving average of $6.51.

EVE (NYSE:EVEX) last issued its quarterly earnings results on Friday, March 8th. The company reported ($0.14) earnings per share for the quarter. As a group, equities analysts expect that Eve Holding, Inc. will post -0.52 EPS for the current year.

Institutional Investors Weigh In On EVE

Large investors have recently made changes to their positions in the company. Strs Ohio grew its stake in shares of EVE by 3,883.3% during the 4th quarter. Strs Ohio now owns 47,800 shares of the company’s stock valued at $349,000 after purchasing an additional 46,600 shares during the period. Bank of New York Mellon Corp lifted its position in shares of EVE by 30.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 55,929 shares of the company’s stock valued at $464,000 after buying an additional 13,183 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of EVE by 6.8% during the 3rd quarter. Barclays PLC now owns 174,629 shares of the company’s stock valued at $1,447,000 after buying an additional 11,130 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors.

EVE Company Profile

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.