Vertical Aerospace (NYSE:EVTL) Stock Price Down 5.9% – Here’s What Happened

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

Wall Street Analyst Weigh In

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

Vertical Aerospace Trading Down 5.3 %

The business has a 50-day moving average price of $7.48 and a 200 day moving average price of $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.