Vertical Aerospace (NYSE:EVTL) Shares Down 5.8% – Time to Sell?

Vertical Aerospace Ltd. (NYSE:EVTL) shares traded down 5.8% during mid-day trading on Monday . The company traded as low as $6.31 and last traded at $6.38. 1,948,698 shares changed hands during trading, an increase of 69% from the average session volume of 1,151,999 shares. The stock had previously closed at $6.77.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Vertical Aerospace in a research note on Wednesday, October 8th. Needham & Company LLC restated a “buy” rating and issued a $9.00 price objective on shares of Vertical Aerospace in a research note on Thursday, September 18th. D. Boral Capital reaffirmed a “buy” rating and set a $14.00 price objective on shares of Vertical Aerospace in a report on Wednesday, December 3rd. Canaccord Genuity Group reissued a “buy” rating and issued a $11.00 target price on shares of Vertical Aerospace in a research note on Monday, September 22nd. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Vertical Aerospace in a research note on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.40.

Vertical Aerospace Stock Up 0.2%

The company’s fifty day moving average price is $4.85 and its two-hundred day moving average price is $5.33. The company has a market cap of $668.53 million, a price-to-earnings ratio of -0.14 and a beta of 1.23.

Vertical Aerospace (NYSE:EVTL) last released its quarterly earnings results on Tuesday, November 4th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.09). Research analysts forecast that Vertical Aerospace Ltd. will post -3.95 earnings per share for the current year.

Institutional Investors Weigh In On Vertical Aerospace

A number of hedge funds have recently added to or reduced their stakes in EVTL. XTX Topco Ltd acquired a new stake in Vertical Aerospace in the 1st quarter valued at about $131,000. Inherent Management Corp. bought a new stake in shares of Vertical Aerospace during the first quarter valued at approximately $1,109,000. Goldman Sachs Group Inc. acquired a new stake in shares of Vertical Aerospace in the first quarter valued at approximately $102,000. Rathbones Group PLC bought a new position in Vertical Aerospace in the 2nd quarter worth approximately $356,000. Finally, SBI Securities Co. Ltd. lifted its holdings in Vertical Aerospace by 120.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 3,788 shares of the company’s stock worth $26,000 after buying an additional 2,066 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

About Vertical Aerospace

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.