EVE (NYSE:EVEX) Sees Large Volume Increase – Still a Buy?

Shares of Eve Holding, Inc. (NYSE:EVEXGet Free Report) saw unusually-strong trading volume on Monday . Approximately 196,729 shares changed hands during mid-day trading, an increase of 41% from the previous session’s volume of 139,238 shares.The stock last traded at $3.73 and had previously closed at $3.35.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EVEX. HC Wainwright started coverage on shares of EVE in a research note on Tuesday, September 3rd. They set a “buy” rating and a $6.00 target price on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $5.00 price objective on shares of EVE in a report on Tuesday, November 5th.

View Our Latest Stock Analysis on EVE

EVE Stock Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 5.21. The company has a fifty day moving average price of $3.21 and a 200 day moving average price of $3.52. The stock has a market cap of $1.21 billion, a P/E ratio of -8.50 and a beta of 0.37.

EVE (NYSE:EVEXGet Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.01. During the same quarter last year, the company posted ($0.11) EPS. On average, equities analysts expect that Eve Holding, Inc. will post -0.5 EPS for the current year.

Institutional Investors Weigh In On EVE

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in EVE in the 3rd quarter valued at $35,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of EVE in the third quarter valued at about $40,000. Franklin Resources Inc. bought a new position in shares of EVE during the third quarter valued at about $53,000. Readystate Asset Management LP purchased a new position in EVE during the third quarter worth about $83,000. Finally, Barclays PLC increased its stake in EVE by 594.1% in the 3rd quarter. Barclays PLC now owns 43,931 shares of the company’s stock valued at $141,000 after buying an additional 37,602 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

About EVE

(Get Free Report)

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.

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