EVE (NYSE:EVEX) Shares Down 8.4%

Eve Holding, Inc. (NYSE:EVEX)’s stock price traded down 8.4% during mid-day trading on Wednesday . The stock traded as low as $5.11 and last traded at $5.11. 33,161 shares traded hands during trading, a decline of 28% from the average session volume of 45,798 shares. The stock had previously closed at $5.58.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reissued a “neutral” rating and issued a $7.00 price target on shares of EVE in a report on Tuesday, January 30th.

EVE Stock Performance

The business has a fifty day moving average price of $5.32 and a 200-day moving average price of $6.35. The stock has a market capitalization of $1.45 billion, a P/E ratio of -11.62 and a beta of 0.45. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.16.

EVE (NYSE:EVEX) last issued its quarterly earnings data on Friday, March 8th. The company reported ($0.14) earnings per share for the quarter. On average, sell-side analysts expect that Eve Holding, Inc. will post -0.52 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its position in shares of EVE by 6.8% during the 3rd quarter. Barclays PLC now owns 174,629 shares of the company’s stock valued at $1,447,000 after acquiring an additional 11,130 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of EVE by 30.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 55,929 shares of the company’s stock worth $464,000 after purchasing an additional 13,183 shares during the period. Finally, Strs Ohio raised its position in shares of EVE by 3,883.3% in the 4th quarter. Strs Ohio now owns 47,800 shares of the company’s stock worth $349,000 after acquiring an additional 46,600 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors.

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.