Vertical Aerospace (NYSE:EVTL) Issues Quarterly Earnings Results, Misses Expectations By $0.58 EPS

Vertical Aerospace (NYSE:EVTL) announced its earnings results on Friday. The company reported ($1.92) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.34) by ($0.58), Zacks reports.

Vertical Aerospace Stock Performance

EVTL stock opened at $7.89 on Friday. Vertical Aerospace has a fifty-two week low of $3.55 and a fifty-two week high of $12.79. The company’s 50 day moving average price is $6.39 and its 200 day moving average price is $48.09.

Analyst Upgrades and Downgrades

EVTL has been the topic of several research reports. Raymond James reissued a “market perform” rating on shares of Vertical Aerospace in a research note on Tuesday, November 26th. Barclays raised their price objective on shares of Vertical Aerospace from $0.75 to $2.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st. Canaccord Genuity Group increased their target price on shares of Vertical Aerospace from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, December 3rd.

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. Vertical Aerospace Ltd.