EVE (NYSE:EVEX) Stock Price Up 9%

Shares of Eve Holding, Inc. (NYSE:EVEX) rose 9% on Wednesday . The company traded as high as $4.82 and last traded at $4.82. Approximately 19,830 shares traded hands during trading, a decline of 60% from the average daily volume of 49,279 shares. The stock had previously closed at $4.42.

EVE Price Performance

The stock has a market capitalization of $1.29 billion, a PE ratio of -10.64 and a beta of 0.41. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.96 and a quick ratio of 4.96. The stock’s 50 day moving average is $5.24 and its two-hundred day moving average is $5.97.

EVE (NYSE:EVEX) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.09) EPS for the quarter. As a group, sell-side analysts forecast that Eve Holding, Inc. will post -0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EVE

Several hedge funds have recently added to or reduced their stakes in EVEX. Vanguard Group Inc. boosted its holdings in shares of EVE by 7.1% in the first quarter. Vanguard Group Inc. now owns 517,707 shares of the company’s stock valued at $2,796,000 after acquiring an additional 34,484 shares during the period. Strs Ohio lifted its holdings in shares of EVE by 3,883.3% during the fourth quarter. Strs Ohio now owns 47,800 shares of the company’s stock worth $349,000 after purchasing an additional 46,600 shares during the period. Barclays PLC raised its position in EVE by 6.8% in the third quarter. Barclays PLC now owns 174,629 shares of the company’s stock worth $1,447,000 after acquiring an additional 11,130 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in EVE by 30.8% in the third quarter. Bank of New York Mellon Corp now owns 55,929 shares of the company’s stock worth $464,000 after acquiring an additional 13,183 shares in the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

About EVE

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.