EVE (NYSE:EVEX) Issues Earnings Results

EVE (NYSE:EVEX) released its quarterly earnings results on Tuesday. The company reported ($0.13) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.13), Zacks reports.

EVE Stock Performance

EVEX stock traded down $0.24 during midday trading on Wednesday, reaching $2.49. 117,489 shares of the company’s stock traded hands, compared to its average volume of 67,246. The company has a 50-day moving average price of $3.85 and a two-hundred day moving average price of $5.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 4.96 and a current ratio of 4.96. EVE has a 52 week low of $2.46 and a 52 week high of $9.18. The firm has a market capitalization of $670.72 million, a PE ratio of -5.60 and a beta of 0.37.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EVEX. Canaccord Genuity Group cut their price target on EVE from $9.00 to $8.50 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Cantor Fitzgerald upgraded EVE from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $7.00 to $5.00 in a research note on Wednesday.

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.