EVE (NYSE:EVEX) Stock Price Down 2.9% – Should You Sell?

Eve Holding, Inc. (NYSE:EVEX)’s share price traded down 2.9% during trading on Monday . The company traded as low as $3.54 and last traded at $3.51. 12,633 shares were traded during mid-day trading, a decline of 95% from the average session volume of 237,482 shares. The stock had previously closed at $3.61.

Analysts Set New Price Targets

A number of research analysts recently issued reports on EVEX shares. HC Wainwright reiterated a “buy” rating and set a $6.00 price objective on shares of EVE in a report on Wednesday, March 12th. TD Cowen upgraded shares of EVE to a “hold” rating in a report on Thursday, December 19th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $5.00 target price on shares of EVE in a report on Friday, March 14th.

EVE Trading Down 2.5 %

The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average price of $3.85 and a 200-day moving average price of $4.01. The company has a market cap of $1.05 billion, a P/E ratio of -7.33 and a beta of 0.55.

EVE (NYSE:EVEX) last issued its earnings results on Friday, March 14th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.01. Analysts forecast that Eve Holding, Inc. will post -0.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its position in shares of EVE by 63.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 332,732 shares of the company’s stock valued at $1,078,000 after purchasing an additional 129,300 shares during the last quarter. State Street Corp grew its stake in shares of EVE by 3.8% in the third quarter. State Street Corp now owns 378,123 shares of the company’s stock valued at $1,225,000 after acquiring an additional 13,700 shares in the last quarter. Barclays PLC increased its position in EVE by 594.1% during the third quarter. Barclays PLC now owns 43,931 shares of the company’s stock worth $141,000 after acquiring an additional 37,602 shares during the period. Geode Capital Management LLC raised its stake in EVE by 65.4% in the 3rd quarter. Geode Capital Management LLC now owns 850,022 shares of the company’s stock worth $2,754,000 after purchasing an additional 336,133 shares in the last quarter. Finally, Franklin Resources Inc. bought a new stake in EVE in the 3rd quarter valued at about $53,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

EVE Company Profile

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.