Vertical Aerospace (NYSE:EVTL) Stock Price Down 5.9% – Time to Sell?

Vertical Aerospace Ltd. (NYSE:EVTL)’s stock price fell 5.9% during trading on Monday . The stock traded as low as $6.69 and last traded at $6.69. 12,076 shares changed hands during trading, a decline of 63% from the average session volume of 32,472 shares. The stock had previously closed at $7.11.

Analyst Upgrades and Downgrades

EVTL has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Vertical Aerospace from a “hold” rating to a “buy” rating and raised their price objective for the stock from $10.00 to $15.00 in a research note on Tuesday, July 23rd. Canaccord Genuity Group reissued a “buy” rating and set a $15.00 price target on shares of Vertical Aerospace in a research note on Friday, September 13th.

Vertical Aerospace Stock Down 5.3 %

The stock’s fifty day moving average price is $7.48 and its 200 day moving average price is $7.82.

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. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.