EVE (NYSE:EVEX) Shares Gap Up on Earnings Beat

Shares of Eve Holding, Inc. (NYSE:EVEX) gapped up prior to trading on Monday after the company announced better than expected quarterly earnings. The stock had previously closed at $2.85, but opened at $3.03. EVE shares last traded at $2.91, with a volume of 10,519 shares trading hands.

The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.01. During the same quarter in the prior year, the company earned ($0.11) EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on EVEX shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $5.00 price objective on shares of EVE in a research note on Tuesday. HC Wainwright started coverage on EVE in a research note on Tuesday, September 3rd. They issued a “buy” rating and a $6.00 price target for the company.

Institutional Investors Weigh In On EVE

Several large investors have recently made changes to their positions in EVEX. SG Americas Securities LLC bought a new position in EVE during the third quarter valued at approximately $35,000. Blair William & Co. IL purchased a new stake in shares of EVE during the 2nd quarter worth approximately $190,000. Finally, Vanguard Group Inc. boosted its position in shares of EVE by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 517,707 shares of the company’s stock valued at $2,796,000 after acquiring an additional 34,484 shares during the last quarter. 1.27% of the stock is owned by institutional investors.

EVE Stock Down 1.8 %

The business’s fifty day moving average is $3.09 and its two-hundred day moving average is $3.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.87 and a quick ratio of 3.87.

About EVE

Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.