EVE (NYSE:EVEX) Earns Buy Rating from Analysts at HC Wainwright

HC Wainwright began coverage on shares of EVE (NYSE:EVEX) in a research report sent to investors on Tuesday morning, Marketbeat reports. The firm issued a buy rating and a $6.00 target price on the stock. HC Wainwright also issued estimates for EVE’s Q3 2024 earnings at ($0.13) EPS, Q4 2024 earnings at ($0.13) EPS, FY2024 earnings at ($0.49) EPS, FY2025 earnings at ($0.44) EPS, FY2026 earnings at ($0.54) EPS, FY2027 earnings at ($0.48) EPS and FY2028 earnings at ($0.27) EPS.

Other equities analysts also recently issued reports about the company. Cantor Fitzgerald restated an overweight rating and set a $5.00 price target on shares of EVE in a report on Monday, August 19th. Canaccord Genuity Group decreased their target price on shares of EVE from $9.00 to $8.50 and set a buy rating for the company in a report on Tuesday, July 2nd.

EVE Trading Down 3.6 %

NYSE EVEX opened at $2.68 on Tuesday. The stock’s 50 day moving average is $3.03 and its 200 day moving average is $4.42. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $721.90 million, a PE ratio of -5.96 and a beta of 0.35. EVE has a twelve month low of $2.33 and a twelve month high of $9.18.

EVE (NYSE:EVEX) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.13). Research analysts forecast that EVE will post -0.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in EVE stock. Blair William & Co. IL acquired a new position in Eve Holding, Inc. (NYSE:EVEX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 47,017 shares of the company’s stock, valued at approximately $190,000. 1.27% of the stock is currently owned by institutional investors and hedge funds.

About EVE

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.