EVE (NYSE:EVEX) has been rated “Neutral” by Cantor Fitzgerald

Cantor Fitzgerald reiterates neutral rating on stock EVE (NYSE:EVEX – Free Report) in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has a price target of $7.00 on the stock.

EVE stock down 19.5%

NYSE EVEX opened at $3.26 on Monday. The company has a 50-day price average of $4.92 and a 200-day price average of $5.69. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.96 and a quick ratio of 4.96. EVE has a 52-week low of $3.15 and a 52-week high of $10.74. The stock has a market capitalization of $878.15 million, a P/E ratio of -7.24 and a beta of 0.37.

EVE (NYSE:EVEX – Get Free Report) last released its earnings results on Tuesday, May 7. The company reported ($0.09) earnings per share for the quarter. Equity analysts are expecting EVE to post -0.53 earnings per share for the current fiscal year.

Institutional inflows and outflows

An institutional investor recently increased its position in EVE stock. Vanguard Group Inc. increased its stake in Eve Holding, Inc. (NYSE:EVEX – Free Report) by 7.1% in the 1st quarter, according to its latest Form 13F filed with the SEC. The institutional investor holds 517,707 shares of the company’s stock after purchasing an additional 34,484 shares during the period. Vanguard Group Inc. holds approximately 0.19% of the EVE stock worth $2,796,000, according to its latest form filed with the SEC. Institutional investors and hedge funds hold 1.27% of the company’s stock.

EVE Company Profile

(Download the free report)

Eve Holding, Inc., together with its subsidiaries, develops solutions for urban air mobility. It designs and manufactures electric vertical take-off and landing vehicles (eVTOL); provides eVTOL support services and capabilities, including materials, maintenance, technical support, training, ground support, and data services; and develops urban air traffic management systems.

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