Vertical Aerospace (NYSE:EVTL) Releases Quarterly Earnings Results, Misses Expectations By $0.58 EPS

Vertical Aerospace (NYSE:EVTL) released its earnings results on Friday. The company reported ($1.92) EPS for the quarter, missing analysts’ consensus estimates of ($1.34) by ($0.58), Zacks reports.

Vertical Aerospace Stock Performance

Vertical Aerospace stock opened at $7.89 on Friday. The company has a 50-day moving average price of $6.39 and a 200 day moving average price of $48.09. Vertical Aerospace has a 12-month low of $3.55 and a 12-month high of $12.79.

Analysts Set New Price Targets

Several research firms recently commented on EVTL. Raymond James reissued a “market perform” rating on shares of Vertical Aerospace in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, December 3rd. Canaccord Genuity Group boosted their price target on shares of Vertical Aerospace from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Barclays increased their price objective on shares of Vertical Aerospace from $0.75 to $2.00 and gave the company an “underweight” rating in a report on Thursday, November 21st.

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. Vertical Aerospace Ltd.