EVe Mobility Acquisition (NYSE:EVE – Get Free Report) had its price objective dropped by equities researchers at JPMorgan Chase & Co. from $5.50 to $5.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 55.75% from the stock’s current price.
EVe Mobility Acquisition Stock Performance
Shares of NYSE EVE opened at $11.30 on Tuesday. The firm has a 50 day moving average price of $11.11 and a two-hundred day moving average price of $11.08. EVe Mobility Acquisition has a 52-week low of $10.63 and a 52-week high of $12.03.
Institutional Investors Weigh In On EVe Mobility Acquisition
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in EVe Mobility Acquisition during the 1st quarter valued at approximately $237,000. Mizuho Securities USA LLC bought a new stake in EVe Mobility Acquisition during the first quarter valued at $757,000. Periscope Capital Inc. raised its position in shares of EVe Mobility Acquisition by 41.9% in the 1st quarter. Periscope Capital Inc. now owns 363,166 shares of the company’s stock worth $3,975,000 after acquiring an additional 107,296 shares in the last quarter. Finally, Berkley W R Corp lifted its stake in shares of EVe Mobility Acquisition by 15.9% in the 2nd quarter. Berkley W R Corp now owns 902,147 shares of the company’s stock valued at $10,023,000 after purchasing an additional 123,975 shares during the period.
EVe Mobility Acquisition Company Profile
EVe Mobility Acquisition Corp does not have significant operations. The company focuses on effectuating a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. It intends to focus on the automotive and mobility industry.
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