Vertical Aerospace (NYSE:EVTL) Sees Strong Trading Volume – Here’s Why

Vertical Aerospace Ltd. (NYSE:EVTLGet Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 73,229 shares were traded during trading, an increase of 125% from the previous session’s volume of 32,618 shares.The stock last traded at $7.10 and had previously closed at $6.69.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Vertical Aerospace from a “hold” rating to a “buy” rating and upped their target price for the stock from $10.00 to $15.00 in a report on Tuesday, July 23rd. Canaccord Genuity Group reiterated a “buy” rating and issued a $15.00 price objective on shares of Vertical Aerospace in a report on Friday, September 13th.

Check Out Our Latest Report on Vertical Aerospace

Vertical Aerospace Stock Performance

The stock has a 50 day simple moving average of $7.45 and a two-hundred day simple moving average of $7.78.

Vertical Aerospace Company Profile

(Get Free Report)

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.

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