EVE (NYSE:EVEX) Trading Down 10.3%

Shares of Eve Holding, Inc. (NYSE:EVEX) fell 10.3% during trading on Monday . The company traded as low as $2.66 and last traded at $2.69. 56,545 shares changed hands during trading, a decline of 14% from the average session volume of 65,386 shares. The stock had previously closed at $3.00.

Analyst Ratings Changes

A number of research firms have commented on EVEX. Canaccord Genuity Group dropped their price target on shares of EVE from $9.00 to $8.50 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $7.00 target price on shares of EVE in a report on Monday, July 22nd.

EVE Price Performance

The company has a current ratio of 4.96, a quick ratio of 4.96 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $729.98 million, a P/E ratio of -5.89 and a beta of 0.37. The business’s fifty day moving average is $3.96 and its 200 day moving average is $5.06.

EVE (NYSE:EVEX) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.09) earnings per share (EPS) for the quarter. As a group, analysts forecast that Eve Holding, Inc. will post -0.52 EPS for the current year.

Institutional Trading of EVE

An institutional investor recently raised its position in EVE stock. Vanguard Group Inc. lifted its position in Eve Holding, Inc. (NYSE:EVEX) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 517,707 shares of the company’s stock after buying an additional 34,484 shares during the quarter. Vanguard Group Inc. owned about 0.19% of EVE worth $2,796,000 as of its most recent SEC filing. Institutional investors and hedge funds own 1.27% of the company’s stock.

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.